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Allow me to share with you these 17 Free Loan Agreement Templates in MS Word and PDF format to help draft your own Free Loan Agreement Templates quickly. You can also download our Commission Agreement Templates and Room Rental Agreement Templates.

 

Rental Agreement templates are the best option for those who don’t have the time to create a legal contract. The rental agreement is essentially a legal document. One can use it to record the permanent occupying of real estate, building, commercial or residential property. It outlines the legally binding agreement between tenant and landlord (both parties of the agreement).

 

Why we need a Rental Agreement?

The rent amount is another area where an experienced landlord will want to be careful about. Landlords have many choices as to how they calculate the amount of rent. You can multiply the monthly gross income by 12 to get the monthly total cost. However, in practice, it is advisable for landlords to review their calculations and make adjustments. It is necessary to ensure that they are legally compliant with their rental agreement.

 

A free rental agreement template is likely to include a section on assigning responsibility for repairing damage to the premises. One can place a tradesperson or property manager who would then make all repairs within a reasonable time period. Alternatively, responsibility could be placed with a common landlord who would make repairs within a certain period of time. In practice, most leases will specify a minimum period of repair time. If damage to the premises occurs after this time, the tenant is responsible to cover the cost of repair.

 

It is necessary to include a provision for the inclusion of damage deposit. This would be legally binding on both the owner of the room and the tenant. It is necessary to report the damages to the relevant authority. Failure to do so can result in serious action being taken by the landlord.

 

How to design a Rental Agreement?

In the absence of a rental agreement tenants and homeowners will end up on an endless negotiating table. This is because most of these agreements contain poor wording. They lack clear direction and definitions and end up with numerous minor exceptions. Add to this the common tenant evasions and illegal practices. It is not surprising that rental agreements end up with little more than a grain of salt. Tenants and homeowners should be well familiar with the basic terms and procedures of creating a rental agreement.

 

To remedy this situation a rental agreement template is a quick and easy solution. Rental agreement templates are available on the internet in various file formats. These file formats allow one to quickly create a complete and comprehensive agreement. It prevents us to go through the process of creating the document from scratch.

 

Rental agreements should be highly customizable. It should contain specific provisions, which are obviously available to protect the rights of the property owner. This is important for investors to know exactly what their tenants expect. It is necessary to know how much they should be compensated for damages. It is necessary to include it in the agreements. You can easily solve these issues by using an appropriate template.

 

Rental agreements will also contain a provision. It requires both parties to pay a one-month notice before paying the final amount. It prevents either party from taking advantage of the other. If a provision requiring notice appears in the agreement, then this may only enforce the extent of the contract or lease.

18 Free Rental Agreement Templates:

01. This is a long rental agreement to get a property on rent. Meanwhile, you can use this template to give property on rent. It schedules some points between the landlord and the tenant. This template defines the responsibilities for both parties. It forms trust between two parties. This template secures both parties.

 

Rental Agreement Template 01

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Lease Contract

02. It is a lease contract. In short, this template records the personal details, details of the property, payments, and payment method. It schedules everything in a well-managed way for a good understanding. You can use this template to give a residential property on lease. You can download this template very easily from here.

 

Rental Agreement Template 02

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Residential Lease Contract

03. This is another residential lease agreement. Meanwhile, it is a comprehensive agreement to get a residential property on lease for a specific period of time. This template does not allow the tenant to sublease the property. It allows both parties to take legal action in the case of a breach. You can modify this template according to your need.

 

 

Rental Agreement Template 03

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Resedential Lease Agreement

04. It is a month-to-month tenancy agreement. In short, You can use this template to give property on rent. This agreement states that both parties will provide a written termination notice before 30 days. According to this template, the tenant will provide a security deposit to the landlord. This template secures both ends very efficiently.

 

Rental Agreement Template 04

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Strict Rental Agreement

05. It is a strict rental agreement. Meanwhile, this template schedules the terms between the landlord and the tenant. It reduces the risk of conflicts. This template allows the landlord to charge a fine in the case of late submission of rent. It is very necessary for both parties to read the terms and conditions of this agreement. You can make changes to this template according to your wish.

 

Rental Agreement Template 05

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Room Rental Agreement

06. There are a lot of templates but this one is for a room. In short, you can use this template to give a room from your property on lease. This template schedules everything between both parties in an efficient way. It defines the rules and responsibilities of both parties. This template allows taking legal action in the case of a breach.

 

 

Rental Agreement Template 06

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Small Rental Agreement

07. This is a small rental agreement template. Meanwhile, this template defines a set of rules to give a room or area of the home on lease. It defines the rules and regulations for living in the leased area. This template records everything in a simple way for a good understanding.     It binds two parties in a legal way upon certain terms and conditions.

Rental Agreement Template 07

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Lease Agreement

08. It is a lease agreement for a furnished apartment. In short, you can use this template to give a furnished apartment on rent for a specific period of time. This template schedules all the necessary terms between the landlord and the tenant. It defines the responsibilities of both parties in a well-managed way. This is necessary for two parties to be agreed upon the terms and conditions before signing this agreement.

Rental Agreement Template 08

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Small and Efficient Rental Agreement

09. This is a small and efficient rental agreement template. Meanwhile, this template defines records the details of both parties, details of the property, duration of the lease, payment, and payment method. It also records the utilities given to the tenant and their condition. This template defines that the tenant will be responsible for any kind of damages.

 

 

Rental Agreement Template 09

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Detailed Rental Agreement

10. It is a detailed rental agreement. In short, you can use this template to give property on lease upon certain terms and conditions. This template records the condition of each thing. It states that the tenant will return the property in the same condition. This template defines the responsibilities of both parties. You can modify this template according to your need.

 

Rental Agreement Template 10

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Basic Rental Agreement

11. There are a lot of templates but this one is a basic rental agreement. Meanwhile, this template schedules a lease between the landlord and the tenant in an efficient way. It defines everything very deeply. This template secures both ends. It allows both parties to take legal action in the case of a penalty.

 

Rental Agreement Template 11

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Month to Month Rental Agreement

12. Here this template is for another month-to-month agreement. In short, you can use this template to give property on rent for a small period of time. It clarifies all the important aspects between both parties. This template defines the responsibilities and the duties of both parties. It is very easy to understand this template. This is very necessary for both parties to read the terms and conditions of this template. However, you can make changes to this template according to your requirement.

 

Rental Agreement Template 12

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Rental Agreement Template 13

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Rental Agreement Template 14

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Rental Agreement Template 15

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Rental Agreement Template 16

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Rental Agreement Template 17

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Rental Agreement Template 18

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