1.Parties to the lease
Parties to the lease – the lease agreement should name the landlords and tenants who are bound by the agreement.
2. Description of the Property
Description of the property – the lease agreement should have a description of the property controlled by the lease agreement. It may be as simple as the address and apartment number but it must be identified or the agreement cannot be enforced.
3. Terms of Rent
Terms of rent – the dollar amount should be in the agreement as well as the day of the month rent is due, where the rent is to be sent, and how it will be accepted (by check, by automatic draft, etc.). The terms for late rent should also be in this portion of the agreement.
4. Lease Dates and Termination
Lease dates and termination – the start and end of the lease should be in the agreement as well as the description of how and when the landlord and tenant can end the lease. For example, an apartment lease may be terminated with one month’s notice and a final month’s rent.
5. Security deposit details
Security deposit details – the amount of the security deposit, how it is to be paid, and the terms of its future release should be specified in the lease agreement.
6. Occupants of the property
7. Pet details
8. Repairs and damages
Repairs and damages- the condition of the property should be noted as well as the tenant’s and landlord’s responsibilities for repairs and problems with the property. The lease agreement should also describe whether the landlord or tenant is responsible for damages to the property.
9. Alterations to the property
10. Right of Entry
Exceptions for our type of homes
10 Lease Agreement Terms You Have to IncludeThe following are the essential terms that should be in every lease agreement: