Lease Agreement Must-Haves

Include a complete description of the property being leased, including its exact address, specific unit number if applicable, and any other identifying characteristics. This sets a clear understanding between both parties.

• Full property address
• Unit number
• Key features (e.g., parking space, backyard)

Specify the duration of the lease, clearly indicating the start and end dates. This helps avoid misunderstandings about occupancy length.

• Start date
• End date
• Renewal terms, if applicable

Clearly state the monthly rent amount, acceptable payment methods, and due date. Consider including late fee policies to encourage timely payments.

• Rent amount
• Payment methods (e.g., bank transfer, check)
• Due date
• Late fees

Detail the security deposit amount, conditions for its return, and any non-refundable fees. Make the conditions clear to prevent disputes.

• Deposit amount
• Return conditions
• Non-refundable fees, if any

Outline the responsibilities for property maintenance, including who handles repairs, and any tenant obligations related to upkeep. Clear agreements here prevent future issues.

• Landlord vs. tenant responsibilities
• Procedure for reporting repairs
• Routine maintenance expectations

Identify which utilities are included in the rent and which are the tenant's responsibility. This transparency ensures no surprise bills.

• Included utilities (e.g., water, trash)
• Tenant responsibilities (e.g., electricity, gas)
• Service setup information

List any specific rules regarding property use, such as noise policies, pet restrictions, or guest limitations. House rules maintain harmony and safety for all.

• Noise constraints
• Pet policies
• Guest limitations

Explain the conditions under which the lease can be terminated early by either party. Include notice periods and repercussions of breaking the lease.

• Notice period for termination
• Fees or penalties
• Conditions for early termination

Include a checklist for property inspection and inventory recorded at move-in and move-out. This avoids disputes over damages and repairs.

• Move-in checklist
• Move-out inspection process
• Inventory document