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A free rental agreement form may come in different versions. Some may cover more details and terms while others keep to the standard provisions to create a simple rental document. To check if this is the right document for you, here are some pros and cons:
FormsPal provides a free lease agreement template, which can be readily downloaded and used. You may choose from an MSWord file (DOCX), PDF, or an Open Office program (ODT).
To further customize your lease agreement in order to match your real estate rental needs, you may use FormsPal’s step-by-step builder.
The landlord and the tenant may want to add more conditions for the following reasons:
Step 1— Download the one-page lease agreement.
FormsPal has prepared a free printable basic rental agreement, which you can download on this page.
If you don’t have any of the required programs to open the above rental agreements, we highly suggest that you install the free Open Office program.
Step 2— Identify the parties involved.
A “party” is someone who partakes in the agreement. In this case, those involved are the “landlord” or “lessor” who owns the real estate property and the “tenant” or “lessee” who will be paying for the right to occupy that space for a determined “term” or duration.
The following will be needed in the opening paragraph of the agreement:
Step 3— Describe the nature of the lease.
A lease must also answer the questions “Where?” and “How long?” Below is the information to be included in section one:
Step 4— Determine the security deposit.
In most cases, a security deposit is required for new tenants, even after a thorough background check. This is necessary to secure payments for utilities or to repair damages just in case the tenant leaves without settling his or her obligations.
Step 5— Clarify the rent amount and conditions.
Unlike a longer lease agreement, short contracts combine the rent details and conditions in one paragraph and are filled out as follows:
Step 6— Review the terms and conditions for the lease.
In sections four to seven, both tenant and landlord must review how the premises will be used.
In section six, in particular, the landlord must indicate the manner in which he or she wishes to receive requests. Depending on the urgency, the problem may also be remedied by the tenant without notice to the other party. However, this section does not provide provisions for reimbursement.
To make changes to these sections, we at FormsPal highly recommend consulting an attorney or using our custom lease agreement builder.
Step 7— Discuss what happens when damages occur.
Even with proper attention and due diligence, major unpredictable problems can still occur. This includes fires, burglary, or acts of nature. When this happens, sections seven and eight apply.
Step 8— Read the standard clauses.
Sections nine to twelve are standard in any lease agreement, but it is important to still discuss these with the other party.
Step 9— Discuss conditions for keeping pets on the premises.
Though not all tenants may have pets, those who own “fur babies” will take this clause as a make-or-break decision point. Therefore, the agreement must contain a clause about pet ownership. If you are the landlord, you may use the following options:
Step 10— Check other standard additional provisions
In rare cases, landlords may need to relocate tenants and enter the premises. Sections 14 and 15 discuss these. On the other hand, section 16 mentions other “rules and regulations” that may be attached as riders to the lease agreement.
Step 11— Give the tenant a walkthrough.
It is standard for both landlord and tenant to check the condition of the premises before it is leased. During the walkthrough, both parties may take pictures to document.
Step 12— Disclose any health hazards.
The agreement must disclose the presence of harmful materials on the premises. Lead-based paint disclosures are the most common warnings for residential properties. However, other disclosures can be added if there is a presence of mold or bed bugs.
Step 13— Sign the lease agreement.
If the landlord and the tenants agree on all the provisions of the rental agreement, they can sign on the blank provided along with their printed name. Those living with the main tenant may also add their signatures on the blanks provided on the second and third lines.
A one-pager rental lease agreement can simplify paper works and make the rental process more efficient, benefiting both parties. However, it does have its pros and cons. We at FormsPal highly recommend checking if this concise lease contract works for you. If you find that some adjustments still need to be made, you may consult an attorney or use our contract builder.