Louise Gray May 16, 2019 Lease Agreement
Terms of rent – the dollar amount should be in the agreement as well as the day of the month rent is due, where the rent is to be sent, and how it will be accepted (by check, by automatic draft, etc.). The terms for late rent should also be in this portion of the agreement.
Security deposit details – the amount of the security deposit, how it is to be paid, and the terms of its future release should be specified in the lease agreement. Occupants of the property – the lease agreement should list the names of every person who will regularly occupy the property and what happens if a person stays for more than a certain length of time.
Right to sublet the space – if the tenant has the right to sublet the property to another person, the lease agreement should spell out those terms. Parking restrictions/rules – if the property has parking or offers parking in a designated spot, those terms should be listed in the lease agreement.
Property rules – if the property is a multi-unit, the landlord may specify rules that govern behavior on the property such as avoiding loud noises after 10 p.m. or not doing vehicle repairs in the parking lot, for example.
Restrict illicit behaviors: Your goal here is to keep all of your residents happy, prevent property damage, and protect yourself from lawsuits. As such, your lease agreement should prohibit disruptive behavior (e.g. excessive noise) and illegal activity (e.g. drug dealing). Specify any other restrictions, from parking rules to the use of common areas.
Lay out rules for pet owners: Indicate requirements such as requiring spaying/neutering, vaccinations, and immediate waste disposal in common areas. Your lease agreement should also require owners to pay a refundable pet deposit and let you approve each pet individually.
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