A written lease agreement is a pillar of civilization. This may sound exaggerated, but many aspects of human life are basically built on written lease agreements. People rent houses, apartments, business locations, vehicles, and many more for various purposes.
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What is a lease agreement?
A formal lease agreement is a document stating the activity of renting an object owned by a person or agency or business entity by another person or agency or business entity. A written lease agreement means that the document is legally binding. It regulates various terms and conditions that have been agreed upon by both parties involved. In our society, a written lease agreement must exist for all activities of occupying property owned by other people, including apartments.
A written lease agreement for an apartment
This is not much different from other written lease agreements but the object of the lease is an apartment. For property owners, a written apartment lease agreement ensures that the tenant does not do anything detrimental during the lease period or after the lease period ends. On the lessee’s side, a written lease agreement ensures that the property owner does not take detrimental unilateral actions or leave problems in the lease period. There are still other aspects that are regulated in the written apartment lease agreement, but broadly speaking it protects both parties (apartment owners and tenants) from detrimental actions or violations of the points that have been agreed and signed.
What does a written apartment lease agreement cover?
This is an important point because anything that is not expressly provided for in the treaty will follow other relevant laws, and unfortunately, in many cases, it can be ambiguous. Therefore, as much as possible, the important points governing “the satisfaction of both parties” must be recorded in the apartment lease agreement.
But how to write an apartment lease agreement? Today we can find many templates that make it easier for us to make a written apartment lease agreement. There are many variations but at the end, there is usually an option to renew the lease. Most agreements will not miss the following points:
Property Description:
It is very important to define the property, otherwise, it may give rise to legal violations related to rented area claims.
Term of Agreement:
Of course, renting means not owning. The lessee only has temporary rights to the property being rented. The term of the agreement defines how long the right to occupy an apartment unit lasts.
Rent Price: That’s obvious.
Consequences for Non-Payment: Some agreements especially those involving lease extension options do not require payment in advance and there are often problems when the lessee does not pay when due. There needs to be legally binding consequences to protect the rights of apartment unit owners.
Depending on the real situation in the field, written apartment lease agreements may vary. But the four points above are what can represent how an agreement looks for the most part.
