A lease agreement is basically a contract between a landlord and the tenant. This lease agreement gives the right and authority to the tenant to live in the landlord’s property for a specific period of time which is mostly a six-month period or a twelve-month period.
This contract is what binds the landlord and the tenant to the contract or agreement.
This lease agreement defines the interests of both the parties such as the rent amount, rights of the tenants, and rules regarding pets. It must be a well-formed document that clearly reflects the welfare of the landlord and the tenant.
Florida Property Management Experts can help you frame this lease agreement in a well-structured and well-formed manner. They will guide you through the process and do what is best for both parties.
Orlando property management companies can help you throughout the process of forming your lease agreement in the best possible manner.
Ten Terms To Include In Your Lease Agreement
A lease agreement sets up the rules that are to be followed by the tenant as well as the landlord to follow a smooth landlord-tenant relationship. It is a legal document that lays out all the business details that are crucial and paramount.
This lease agreement should cover the basic terms that are related to tenancy. So, the important ten terms to include in your lease agreement:
1. Names Of All Tenants
The name of every adult who is going to live on the property which shall include the married and the unmarried ones should be mentioned in the lease agreement. Their names should be mentioned as tenants with their signatures alongside. This ensures that the names of all the tenants on the lease agreement are legally responsible for everything.
2. Limits On Occupancy
This makes sure that you limit the number of people living on your property. It ensures that the names of the tenants mentioned on the agreement, along with their minors, can live on your property and nobody else. This clause gives you the authority to evict any extra person living on your property.
3. Terms Of Tenancy
It explains and defines how long you want your tenants to stay on your property and do you want to renew or extend their stay or not. Usually, the lease agreements last for a year, but it totally depends on the landlord and how long he wants his tenants to stay at his place.
4. Amount Of Rent
The lease agreement should clearly specify the amount or rent to be paid by the tenant. It should also mention the means or medium through which the rent is to be paid. It should clearly mention:
- The last date of the rent payment
- Acceptable payment methods.
- Mention late fees and how much late fees will be included if rent is not paid on time.
5. Deposits And Fees
This clause involves all the conditions and information about security deposits. It is believed that these security deposits are the major source of tension between the landlord and the tenant. So, it includes the use of deposit, how and when it is to be returned, etc.
6. Repair And Maintenance
This clause sets out the duties regarding repair and maintenance separately of the tenants and the landlords. It must state the tenant’s duty to keep the place clean and hygienic, inform you about any damage, or should not carry out renovations on their own.
7. Entry To Rental Property
This clause explains the legal rights of the tenants to access the property into the landlord’s property.
8. Restriction On Illegal Activity
This clause prohibits any abusive behaviour, excessive noise, and carrying out illegal activities by the tenants. This helps the landlord to keep his property peaceful and serene.
9. Pets
This clause will mention whether you allow pets at your property or not. If you do not allow pets, then you should clearly mention it in the lease agreement.
10 Other Restrictions
This clause should state all the restrictions you might want to include in your lease agreement. For example, bringing additional roommates.
How To Make Your Lease Agreement Perfect?
Every landlord wants to be on clear terms with his tenant. For this, creating a lease agreement yourself may be a bit difficult and confusing. You might need help to frame a clear and perfect lease agreement which will further help you build a smooth relationship with your tenant.
Florida property management experts can help you with framing the lease agreement if you are not aware of how to get or create one. Florida property management experts are the team of professionals who guide you throughout the process in a gentle yet smooth manner.
Orlando property management companies offer you to manage the leasing, renovation, management, brokerage, and maintenance of your property.
The Orlando property management companies also help you to create and understand the lease agreement and read between the fine lines. Their services are truly beneficial for people who are new to this business.
