FREE 5+ Long Term Rental Agreement Samples [ Lease, Equipment, Car ]

What is a Long Term Rental Agreement?

A lease agreement or a long-term rental agreement is a contract between a landlord and a tenant that covers the renting of property for long periods, usually 12 months or more. It lists down all the responsibilities that both parties have to do during the lease and it includes all necessary information to make sure that both parties are legally protected.

Details to Include in a Long Term Rental Agreement

There are provisions every lease should have, no matter what format is used in the agreement. The agreement must contain at least these following provisions:

1. Description: Describe the top part of your agreement of what the agreement is about. You can title it as a “Lease Agreement,” or “Residential Lease Agreement.” Include the landlord’s and tenant’s names and the tenant’s current address and contact information, and your business address. Write the words landlord and tenant after your names.
2. Property Description: Identify the property such as its street address and a description of the location.
3. Term of Tenancy: This information describes the length of the lease and the date when the lease ends. Since this is a long-term rental, the lease can last at least six months to several years.
4. Occupants‘ Names:  Get the names of the people who will occupy the property. This will ensure that no other people can live and rent the property.
5. Monthly Rent: Take note of the schedule of the due date of the rent where the tenant pays the rent every month.
6. Security Deposit: List down the amount of security deposit that the tenant gave you.
7. Extra Clauses: State if the property is furnished or not, and if the tenant gets a parking space or not. State if you will include the utilities in the monthly rent or if the tenant is the one who will pay for it themselves. State also if you allow pets in the property and if you do, mention if you charge extra for pets.
8. Tenant’s Duties: State what the tenant can and cannot do inside the property. State also the responsibilities they are assigned to do such as being responsible enough to do maintenance of the property.
9. Landlord’s Duties: State the duties you are responsible to do such as making repairs to the property and inspect the property itself.
10. Grounds for Eviction or Tenant Breaks the Lease: State that the tenant should not engage in illegal activities should not make alterations or damage the apartment since these will be the grounds for eviction. If the tenant prematurely breaks the lease, explain how much you will charge. Make sure you know the laws about this and you followed them properly.
11. Lease Renewal: State what will be your procedure for renewing the tenant’s lease of your property.

FAQs

Conclude your agreement contract by putting your signature and your tenant’s. Don’t forget to list the words landlord and tenant under the signature lines. Include the date of when you signed the lease. Make sure that the agreement is written in clear and understandable language. To help you get started on making the rental agreement, download our free sample templates above to use as your reference!