What are the key things to include in a rental lease agreement?
What are the key things to include in a rental lease agreement?
A comprehensive rental lease agreement should include essential details like the names of the landlord and tenant, property address, lease term, and rental amount. Specify payment terms, security deposit conditions, and penalties for late payments. Clearly outline rules regarding property use, maintenance responsibilities, and policies on pets, subleasing, and alterations. Include a clause for dispute resolution and termination conditions to protect both parties. Consulting a legal expert ensures the agreement complies with local rental laws.