Add 'Rental/ Lease Agreement Template'

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<br>Washington D.C.
West Virginia
Wisconsin
Wyoming<br>[jmichaelnewlight.com](https://www.jmichaelnewlight.com/)
<br>By Type (15 )<br>
<br>Standard Lease<br>
<br>1-Page<br>
<br>Commercial<br>
<br>Condominium<br>
<br>Equipment<br>
<br>Relative<br>
<br>Hunting (Land)<br>
<br>Month-to-Month<br>
<br>Parking Space<br>
<br>Rent-to-Own<br>
<br>Roommate<br>
<br>Storage Space<br>
<br>Sublease<br>
<br>Vacation (short-term)<br>
<br>Weekly<br>
<br>The Leasing Process (8 steps)<br>
<br>Housing Statistics<br>
<br>- 33.6% of U.S. homes are renters (44 million). [1] [2]- 68.2% of leases are fixed-term. [3]- 31.8% of leases are month-to-month.
- 30% of a renter's income (typically) is spent on rent. [4]
<br>1. Tenant Views the Space<br>
<br>The tenant's first step in the leasing process is viewing the area. This is frequently after seeing pictures of the residential or commercial property on a website where it was noted.<br>
<br>Renting Trends (2023 )<br>
<br>91% of tenants utilize a website or mobile app when browsing, and 19% get housing without requiring an in-person tour. [5]
<br>2. Obtain a Rental Application<br>
<br>Before a deal is accepted, the property owner generally requests a tenant to finish a rental application and pay a small fee (view maximum fees by state). The most common charge was $50 in 2023. [6]
<br>Applicant Details<br>
<br>- Applicant's name & address
- Employment information
- Income verification
- Previous property owners
[- Consent](https://qheemrealty.com) (to run a credit check)<br>
<br>3. Screen the Applicant<br>
<br>Use the rental application to run a consumer report. This consists of running a credit report and searching public records (expulsion search, background check, and so on).<br>
<br>Recommended Services<br>
<br>[- Limited](https://estreladeexcelencia.com) ($ 21) - RentPrep.com
- Detailed ($ 40) - MySmartMove.com<br>
<br>4. Verify References<br>
<br>The candidate's company and previous property managers must be gotten in touch with. This provides insight into the candidate's character and if they pay their lease on time.<br>
<br>Questions to Ask a Previous Landlord<br>
<br>- Was rent paid on time throughout the occupancy?
- Did the tenant violate the lease?
- What was the factor for leaving the residential or commercial property?
- Was there damage made on the residential or commercial property?
- Would you re-rent to the occupant once again?<br>
<br>5. Negotiate the Lease<br>
<br>Once a renter is approved, the celebrations will start negotiating the rental terms. If the renter is a creditworthy person, they may be able to get a better deal due to their monetary status.<br>
<br>Negotiation Items<br>
<br>- Monthly rent ($).
- Security deposit.
- Utilities.
- Fees (e.g., parking, pets, garbage, and so on)<br>
<br>6. Lease Signing<br>
<br>When both parties sign the lease it ends up being lawfully binding up until the end of its term. The most typical ways to sign are in-person or electronically.<br>
<br>Required at Lease Signing<br>
<br>- First month's lease.
- Down payment.
- Identification<br>
<br>7. Taking Occupancy<br>
<br>After signing the lease and making initial payments, the occupant ought to be admitted to the residential or commercial property at the start of the lease term. Generally, an occupant can not move into the residential or commercial property unless they have made an additional payment.<br>
<br>Inspecting the Residential or commercial property<br>
<br>To protect the security deposit, it is suggested that the [renter finish](https://parvanicommercialgroup.com) a move-in assessment type and note any existing residential or commercial property damage. In 2023, just 42% of renters stated they got completely reimbursed on their down payment. [7]
<br>8. End of Tenancy<br>
<br>The property manager will notify the occupant of their intention to renew or end the lease between 30 and 90 days before completion of the occupancy. If the proprietor ends the lease, the occupant's down payment will be [returned](https://www.vitalproperties.co.za) after move-out.<br>
<br>Landlord's Options<br>
<br>Renew the Lease - By sending out a Lease Extension.
Terminate the Lease - By sending out a Non-Renewal Lease Letter.
Landlord-Tenant Laws<br>
<br>Security Deposit Laws.
Expand Collapse.
State Maximum ($).
Returning.
Statute.
Alabama 1 month's lease 60 days after the termination date and shipment of ownership § 35-9A-201( a), 35-9A-201( b).
Alaska 2 months' lease, other than for units leasing for more than $2,000 2 week if the occupant leaves on-time, 30 days if not § 34.03.070( a), § 34.03.070( g).
Arizona 1.5 months' lease 14 days from move-out evaluation (excl. weekends and vacations) § 33-1321.
Arkansas 2 months' lease 60 days from termination of occupancy § 18-16-304, § 18-16-305.
California 1 month's rent 21 days from the move-out date 1950.5.
Colorado 2 months' lease ([omitting](https://lefkada-hotels.gr) animal deposits) 1 month if mentioned in the lease, 2 months if not C.R.S. § 38-12-102.5<br>
<br>§ 38-12-103.
Connecticut 1 month's rent is 62 years or older, 2 months' lease if more youthful 21 days from the move-out date or 15 days from getting the occupant's new address § 47a-21.
Delaware 1 month's lease for leases of one year or more. No limitation on all others types 20 days from the termination date Title 25 § 5514.
Florida No limit thirty days if deductions, 15 days if no reductions § 83.49( 3 )( a).
Georgia 2 months' lease thirty days from the [termination](https://pl-property.com) date § 44-7-30.1<br>
<br>§ 44-7-34.
Hawaii 1 month's lease (excluding family pet fee) 14 days from the termination date § 521-44.
Idaho No limit 30 days if mentioned in the lease, 21 days if not § 6-321.
Illinois No limit thirty days if reductions, 45 days if no reductions 765 ILCS 710.
Indiana No limit 45 days from the termination date § 32-31-3-12.
Iowa 2 months' rent 30 days after the renter has actually left § 562A.12.
Kansas 1 month's rent (unfurnished), 1.5 months' lease (supplied) 14 days after making deductions or thirty days from the termination date § 58-2550.
Kentucky No limitation 60 days from the lease termination date § 383.580( 6 ).
Louisiana No limitation 1 month from the termination date Revised Statute 9:3251.
Maine 2 months' lease one month if the lease is fixed-period, 21 days if tenancy-at-will § 6032, § 6033.
Maryland 1 month's rent 45 days from the termination date § 8-203.
Massachusetts 1 month's lease thirty days after the renter has vacated Chapter 186, Section 15B.
Michigan 1.5 months' rent 30 days from the end of occupancy § 554.602, § 554.609.
Minnesota No limitation 3 weeks from the termination date § 504B.178.
Mississippi No limitation 45 days from completion of occupancy § 89-8-21.
Missouri 2 months' lease 30 days from the termination of tenancy § 535.300.
Montana No limitation one month if reductions, 10 days if no reductions § 70-25-202.
Nebraska 1 month's lease (omitting family pet charge) 14 days of move-out § 76-1416.
Nevada 3 months' rent thirty days from completion of occupancy NRS 118A.242.
New Hampshire 1 month's rent or $100, whichever is greater one month, 20 days if the residential or commercial property is shown the property owner RSA 540-A:6, RSA 540-A:7.
New Jersey 1.5 months' lease one month from the [termination](https://patriciogarciapropiedades.com) date § 46:8 -21.2, § 46:8 -21.1.
New Mexico 1 month's rent for leases under one year. No limitation for domestic leases of one year or more one month from the termination date § 47-8-18.
New york city 1 month's rent unless the deposit or advance is for a seasonal usage house unit 14 days after the occupant has abandoned Emergency Tenant Protection Act 576/74( f), § 7-108 (e).
North Carolina 2 months' lease for tenancies of more than 2 months
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