Whenever someone wants to let out their premises for rent or whenever someone wants to rent premises for their own use, they have to get into an agreement with the other party. This ensures clarity of terms and conditions and also a lot of peace of mind for all the people associated with the matter. And for this event of entering into a rental agreement to go off smoothly, it is important that a competent and well defined rental agreement is made. It should contain all the standard elements that are supposed to be recorded in it so that all disputes can be avoided in the first place and even if some dispute does arise, then there is a mechanism laid out in the agreement to deal with it.
Below we are giving Real Estate Rental Agreement Examples & Templates for your benefit that cover most of the variations regarding such agreements that are there as of today. We hope you will find these samples of good use.
The above sample template is a professional grade Rental Agreement. It has been designed by a professional Real Estate Agent Company that specializes in executing such transactions regularly and knows about all the points that need to be addressed to ensure there is a peaceful tenure that passes during the life of the agreement. It has all rules and regulations mentioned and some more added conditions added separately so that it becomes an iron-clad agreement that neither party, neither the tenant nor the owner, will ever try to play any games or act in a wrong manner. If your property is of very high value or if it draws a high amount of rent due to its strategic location, then you will be well advised to hire the services of a similar agent company that will arrange a similarly strong agreement for you or alternatively you can use the above example as a guide to ensure a good agreement that is neither favourable to either party, nor is exceeding the limits of the law in trying to be a strict one. It is in a very easy to understand format and is simple to follow. It is also freely downloadable and printable as well.
The above sample template is another generic rental agreement. The distinguishing feature about it is that it carries along with its body of pages, a separate sample sheet of the agreement which is already filled up to stand as a guiding material in case someone gets confused at any stage while filling up this agreement. This makes the work of filling up the form a breeze. One can easily sail through the task of completing the said agreement. It can be used by anybody for their property as it leaves all the areas blank where personalised information is supposed to be entered. This has also been designed by a professional property brokerage firm and their commission is mentioned as well in the agreement to further create a binding effect on the broker for their involvement in getting the said agreement executed properly. It is in a very simple format and is freely downloadable and printable as well.
There are several states that have their own laws when it comes to dealing with renting of residential properties. the above sample template is a testament to that. It has been prepared keeping the local tenancy laws in mind regarding the residential property in question. It has all the special rules which may be additional to the statutory ones that are usually always mentioned. Anyone living in that area can make use of this example to enrich their knowledge regarding tenancy matters of the residential kind. It is in a very simple format and is freely downloadable and printable as well.
It may so happen, that when a real estate broker has worked exceptionally hard to get a property rented or he has worked out a solution to a very complicated and long-standing property dispute, then out of a sense of obligation, the owner of the said property may have him involved in the rental agreement that is created subsequently in future. It is because the owner has complete faith in the goodwill of the said broker. In such a case, the broker enjoys special attention and privilege and also has certain additional duties to discharge to ensure a smooth tenancy period for the owner. In order to compensate the broker, the owner may enter into a special agreement such as the one above which is a Rental Commission Agreement and it is directly linked to the tenancy agreement formed between the owner and tenant. The above sample is free to download and is printable as well.
In cases of ownership of properties, where the owner lives in another town or country, it is often seen that such an owner engages a local company that manages the job of looking after the premises and also of collecting the rent on behalf of the owner from the tenant. The said company acts as an authorized representative of the owner. For this activity to happen peacefully, the management company enters into a Rental Management Agreement with the owner regarding all the roles and responsibilities they shall discharge on behalf of the owner.
Any Rental Agreement can also be called a Lease Agreement and can carry all the similar rules and regulations. They have the same effect and implications and can be used interchangeably. the above sample template is a pointer to that and is also very useful.