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What is A Lease agreement?

Any business transaction between two parties should always be legally confirmed. This especially applies to property leasing. For this reason, renters and tenants will need to sign a lease agreement. This document fixes all conditions, under which the relationships between a renter and tenant are confirmed as legally binding.

Both parties signing a lease contract have to accurately determine their obligations and responsibilities. For instance, the landlord agrees to repair and maintain household appliances, provide safe and clean accommodations, not make surprise visits, etc. The tenant is responsible for keeping the home in proper condition, living only with the individuals listed in the contract. The renter agrees to pay the landlord the specified amount of money on the fixed date. The cost for renting the property for the specified term of the agreement cannot be changed.

How to complete and sign A Lease Agreement?

To eliminate further misunderstandings include all necessary information in your contract. Look through the list of key points:

  • Names and contact information of both the renter and the tenant
  • Description of premises: a house, apartment, condo, basement, or attic. Add information about condition and specify the full address
  • Rent: specify an accurate price. Add the amount payable of taxes and utilities
  • Term: length of time the renter has the right to live on the premises
  • Obligations and requirements of both parties

Note that signing is the necessary final step for executing the agreement. To waste as little time as possible, take advantage of electronic signatures. Use the SignNow platform to send documents to other parties straight from the SignNow interface. Your recipients will receive a link via email and can type, draw or capture their signature with a webcam. Enjoy these benefits on-the-go, using your computer, tablet or cell phone.