Know What A Residential Lease Form Is Before You Sign By David Fagan At Isnare.com Ezine Articles

The residential lease agreement form is a formal legal contract, and is used in the lease of apartments and homes. Renting a home or apartment is not as easy as money being exchanged, you must first outline many factors and legally bind yourself to agreements made in the residential lease agreement. All parties must be involved in the contract, and are also binded to all the terms and conditions.

One of the most common residential lease agreement forms are called month-to-month rental agreements, these are for short-term or indefinite leases. The other most common for tenants who will be staying long-term for many years, called just Lease Agreement, this a much more comprehensive contract.

Not to long ago, residential lease agreements where only prepared by real estate agents and lawyers. For along time they enjoyed charging us a hefty fee, until websites like LegalFormsBank.Biz came forth with editable, downloadable, and printable versions of the document you could file yourself. Tenants and landlords flocked to the site downloading the form which caused sort of a revolution, a victory for the landlord, free from the strangle of real estate agents and lawyers grip in their pockets. Now days you just log onto one of the major legal document providers, and download an up-to-date form specifically for your local government and state.

Its really quite simple to fill out a residential lease agreement form, the main information it need is:

1.) Specify the policy on pets and parking;
2.) You must describe the lease premises;
3.) Specify the period of occupancy;
4.) Set the rent amount;
5.) Specify the date the lease will begin;
6.) Specify the security deposit amount and terms for its return;
7.) The name of up to four tenants and two landlords;
8.) Designate who is responsible for the utilities;

One last note for landlords, and some information tenants should be aware of. If the dwelling was built prior to 1978, your lease agreement will need a Lead Based Disclosure statement required under the Federal Lead Disclosure Act. Landlords also need to provide EPA certified information regarding lead based paint controlling and identifying them, which I found here www.epa.gov/lead/leadpdfe.pdf.

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