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The Water Cooler
General Discussion
Would you share your Property Rental Agreement
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<blockquote data-quote="MacFromOK" data-source="post: 2971433" data-attributes="member: 40864"><p>Running thru an old Windows legal app, and found a few points you might want to make sure are covered...</p><p></p><p>- Legal description of property.</p><p>- Terms (beginning/end dates of lease).</p><p>- Use of premises allowed/prohibited.</p><p>- Security deposit.</p><p>- Payment schedule.</p><p>- Late payment fee.</p><p>- Non-sufficient funds (overdraft fee).</p><p>- Remedy if tenant obligations not met.</p><p>- Reasons for termination of lease (if any).</p><p>- Arbitration conditions (if any).</p><p>- Property tax responsibilities.</p><p>- Number of occupants allowed.</p><p>- Assigning or subletting.</p><p>- Parking priviliges.</p><p>- Furnishings.</p><p>- Storage limitations, including yard area (if any).</p><p>- Remodeling/improvements allowed (if any).</p><p>- Maintainence responsibilities (painting, etc.).</p><p>- Landlord access to premises.</p><p>- Utilities/services responsibility.</p><p>- Insurance (propery and liability) obligations.</p><p>- Landlord indemnity for tenant's use/misuse.</p><p>- Hazardous/flammable materials (insurance).</p><p>- Destruction/condemnation of property (fire, etc.).</p><p>- Whether property liens allowed by tenant.</p><p>- Existing mortgage obligations (if any).</p><p>- Renewal terms (if applicable).</p><p>- Governing law state.</p><p>- Notification methods required by both parties (email, registered letter, etc.)</p><p>- Severability (if one part of agreement becomes null, the rest remains in force).</p><p>- Whether lease may be modified by one or both parties.</p><p>- Holdover penalties (if tenant maintains possession after lease expires).</p></blockquote><p></p>
[QUOTE="MacFromOK, post: 2971433, member: 40864"] Running thru an old Windows legal app, and found a few points you might want to make sure are covered... - Legal description of property. - Terms (beginning/end dates of lease). - Use of premises allowed/prohibited. - Security deposit. - Payment schedule. - Late payment fee. - Non-sufficient funds (overdraft fee). - Remedy if tenant obligations not met. - Reasons for termination of lease (if any). - Arbitration conditions (if any). - Property tax responsibilities. - Number of occupants allowed. - Assigning or subletting. - Parking priviliges. - Furnishings. - Storage limitations, including yard area (if any). - Remodeling/improvements allowed (if any). - Maintainence responsibilities (painting, etc.). - Landlord access to premises. - Utilities/services responsibility. - Insurance (propery and liability) obligations. - Landlord indemnity for tenant's use/misuse. - Hazardous/flammable materials (insurance). - Destruction/condemnation of property (fire, etc.). - Whether property liens allowed by tenant. - Existing mortgage obligations (if any). - Renewal terms (if applicable). - Governing law state. - Notification methods required by both parties (email, registered letter, etc.) - Severability (if one part of agreement becomes null, the rest remains in force). - Whether lease may be modified by one or both parties. - Holdover penalties (if tenant maintains possession after lease expires). [/QUOTE]
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