Residential rental agreement template, Rental contracts are generally made between the landlord and tenant to avoid any type of dispute in future that may demand legal actions. Disputes and controversies frequently crop up in renting a house for domestic purpose or renting any industrial space.
Disputes can arise from trivial things and so a rental contract template can save both the tenant and the landlord from unnecessary harassment. Maintenance charges, number of occupants, whether other amenities such as net, room heaters are supplied or not, whether cooking is permitted, keeping pets are allowed 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 made clear in the template. If all the conditions are clearly mentioned then both the landlord and the tenant will give a second thought before breaking up the specified criteria and certainly will be extra cautious to abide by the contract terms. General tendency of people is to finalize the agreement via handshake, but in events of postings a legalized document may be the tool for easy solution.
Rental contracts only provide the documented version of verbal agreement which if required can be used for legal purpose. Verbal agreements are also legal but that cannot be enforced by legislation, as there are no witnesses in such arrangements and it becomes hard for the court to learn the truth.
Rental contract templates are sometimes available free but they don’t include all of the clauses and might omit some vital points. It is better to find a rental contract template by professional lawyer or buy a set of contract forms written by professionals. Certainly the terms and conditions of the contracts differ from those of national function and commercial purpose.
There should be two copies of leasing contracts, a copy of which must be with both 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 maintain a good relation between both the interested parties. Have a look the sample of residential rental agreement template below at the attachment page.