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Rental agreement is the important proof for both the tenants and the owners to be in a healthy relationship. This agreement will be the sufficient proof for any legal issues that arises later. It is always wiser to have one copy of this agreement with the owner and another copy with tenant and both of the copies signed by both the parties. The information and terms and conditions mentioned in the agreement must be clear and correct. Thus it is always important to follow a clear format while creating this agreement.
The format should have good clarity and the appropriate information must be placed in appropriate positions. Orderly spacing, good and easily understandable font used in typing the agreement will make the agreement to look neat. And format of such agreements differ based on the property that is given for rent. For example, if the property that is to be rented is land then the format for the corresponding agreement differs. If the property to be given lease is a house then rental agreement has a different format and if it is a case of sub lending then another format exists. Thus choose the format accordingly.
Many formats of rental agreements are available online. These templates can be easily downloaded for free or they can be purchased online. Certain factors must be noted while choosing such templates or preparing them on their own. The agreement is divided into points and printed on legally acceptable paper. The first section should contain the information about the owner and the tenant. The next section must contain the details about the premise belonging to the owner where the tenant is going to stay.
Later section contains the starting date of the lease and the duration of the lease. If any renewal is applicable then it may also be included. Next is the rent information. The amount of rent, payment details and due date are mentioned in the successive section. Next part has the services and facilities provided. Next section has the advance amount given. Last section contains the terms and conditions and the signatures of both the parties.
Article Source: sooperarticles.com/law-articles/national-state-local-law-articles/rental-agreement-format-426576.html
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More information, please visit free rental agreement template, free rental agreement forms and rental agreement example.Author: Lucia Montoya
