FREE 10+ Provision of Lease Agreement Samples in PDF

Your lease or rental agreement could be one page long or ten pages long. It could be typed or handwritten, simple or complex, and full of legalese. Most landlords rely on preprinted forms that they can obtain from stationery stores, a landlords’ association, or a software program. A standard lease agreement is a legally binding contract between a tenant and a landlord that spells out each party’s responsibilities. The agreement may or may not include subtenants. It’s important to remember that rental agreements safeguard both the landlord and the tenant. As a result, the more comprehensive a lease agreement is, the less likely there will be misunderstandings — or legal disputes — during the term of the lease.

10+ Provision of Lease Agreement Samples

Because you’re bound by each provision of your lease agreement unless it’s unenforceable, it’s critical to know what you’re signing before you sign. Because many leases use standard language, lease provisions are commonly referred to as “boilerplate.” The terms of the lease, payment dates, and late fees are all examples of boilerplate language in a lease.

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Residential Lease Provision

Every written residential lease that involves property used as a home should include some basic but essential information. The lease will list the tenant and landlord, as well as the property’s address. The lease’s term or duration will be included. The monthly rent, the date the rent is due, the late fees, and any required security deposit should all be included in the lease.

In addition, the lease divides duties between the landlord and the tenant. It will determine whether the tenant or the landlord is liable for utilities such as gas, electricity, and garbage collection. If you’re a tenant, you should be aware of the repairs and maintenance that you’ll be responsible for.

In most cases, a residential lease will limit how tenants can use the property. The occupants of the apartment may be limited to those who have signed the lease and their minor children. It may also limit the number of guests who can stay at the property and the length of their stay. Many leases place restrictions on the types of pets that a tenant may have, and some even prohibit pets entirely. Some leases may state that no type of business can be conducted on the premises. Painting, wallpapering, changing flooring, appliances, cabinetry, and other changes to the property are typically prohibited by residential leases. In fact, the landlord can impose almost any restriction on the tenant as long as the restrictions do not violate federal or state law.

Commercial Lease Provision

A commercial lease is simply a lease for business-related real estate. Commercial leases are more complicated than residential leases, but they share many of the same provisions. Both the landlord and the tenant will be named. If you’re only leasing a portion of a building, such as a space in an indoor mall or office building, the address and specific part of the building will be identified. You’ll see a term clause that specifies the lease’s duration. There are also clauses addressing communication and notice, inspection, dispute resolution, and lease termination conditions.

While some aspects of a commercial lease will be similar to those of a residential lease, others will be sufficiently different to warrant discussion. A commercial lease will cover security deposits and rent, but rent for commercial tenants is frequently different from that of residential tenants. Gross leases, net leases, double net leases, and triple net leases are examples of commercial leases. A gross lease is similar to paying rent for a home, in that you only pay the rent and the landlord handles the insurance, taxes, and maintenance. You pay rent and your share of the property taxes in a net lease. You may rent as well as your share of taxes and insurance in a double net lease. You must also pay maintenance costs under a triple net lease.

FAQs

If you want to see more samples and formats, check out some provisions of lease agreement samples and templates provided in the article for your reference.