A lease is an agreement between landlord and tenant that conveys a property to tenant for a fee and for a defined duration. A well-written lease bodes well for a favorable relationship between landlord and tenant as it protects the rights of both parties. More and more, landlords are using a lease agreement template to generate rental contracts suitable for their needs.
State and local laws pertaining to landlord and tenant relationships are clear on the basic information that should be part of a standard lease agreement. In some states, a written lease is not required to lease a property. However, common sense dictates that a written agreement should be the basis of landlord and tenant interaction because legally renting real estate is a complicated transaction involving many details.
Understandably, a lot of personal information is collected and recorded in processing a lease. Usually, the landlord of residential properties will require the name, social security numbers and driver’s license numbers of all adults who will be occupying unit. In some states, all the adults named in the lease are equally responsible for the rent and any charges that may accrue during the lease term. Although landlords are allowed to list the names of minors accompanying the adult renters, social security numbers and other identifying information of these minors should not be collected and recorded.