Rental lease termination letter template, Rental contracts are generally made between the landlord and tenant to avoid any type of dispute in future that may demand legal action. Disputes and controversies frequently crop up in renting a home for domestic purpose or leasing any commercial space.
Disputes can arise from trivial things and so a rental contract template may save both the tenant and the landlord from unnecessary harassment. Maintenance charges, number of occupants, whether other facilities like net, room heaters are supplied or not, whether cooking is allowed, keeping pets are permitted or not, duration of occupancy by the tenant are clearly specified in the contract template. The payment date for the rent and the clause for defaulters, mode of payment are all made clear in the template. If all of the requirements are clearly mentioned then both the landlord and the tenant will give another thought before violating the specified norms and will be extra cautious to abide by the contract conditions. General tendency of people is to finalize the arrangement via handshake, but in events of discrepancies a legalized document might be the tool for easy solution.
Rental contracts just provide the documented version of verbal agreement which if required can be used for lawful purpose. Verbal agreements are also legal but that can’t be enforced by legislation, as there are no witnesses in such agreements and it becomes hard for the court to learn the truth.
Rental contract templates are sometimes available free but they don’t include all the clauses and may omit some vital points. It is better to find a lease contract template by professional lawyer or purchase a set of contract forms written by professionals. Definitely the terms and conditions of the contracts differ from those of domestic purpose and commercial intent.
There should be two copies of leasing contracts, a copy of which should be with the renter and the landlord and must be duly signed by them in the presence of witnesses.
To cut short such contractual agreement also prevents misunderstanding and helps to keep a good connection between both the interested parties. Have a look the sample of rental lease termination letter template below at the attachment page.