Lease Agreement Template Resources and Rental Tips

Homeowners and property investors allowing renters to take possession of real property should protect themselves with a lease agreement. Though the law does recognize oral contracts, written contracts are preferred. While oral contracts are legally binding, only third-party witnessed oral contracts can be proven in a court of law. This means without a written agreement, it is often the word one party against another.

There are several reasons to use a lease agreement template. With a professionally drafted template a property owner has the following benefits:
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Leasing a property is more than just finding a tenant and then collecting rent. There needs to be a solid lease agreement that is agreed to by both parties. Failure to have a lease can make it harder for a landlord to pursue damages against a tenant, or for a tenant to pursue their rights against a landlord. With that said, what should be included in a lease agreement template?

Name And Contact Information Of All Tenants

As a landlord, you need to know who is renting your property and how to get in touch with them. If there is a problem with the premises, or a tenant fails to pay rent, you need to make sure you can get in touch with that tenant. If anything were to happen, and there was no communication, it could lead to problems down the road for all parties.
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