Short and simple rental agreementSimple Rental Agreement • June 8th, 2023
Contract Type FiledJune 8th, 2023This is often done to protect landlords from tenants that leave mid-tenancy or without notice. Late Rent. You should also include any details on what will occur for late rent payments. Just be aware of your state’s laws as it applies to the amount of late fee you can charge and whether or not there is a required grace period. Click here for more information on handling issues with past due rent. Security Deposit. A security deposit is a reimbursable deposit used to protect the landlord in case a tenant violates the lease or causes damage beyond normal wear and tear to the property. Include the amount required for the security deposit (usually equal to one month’s rent) as well as what items can be deducted from the security deposit. Click here for specific information on your state’s security deposit laws. Condition. It is a good idea to make sure you have a short clause that requires the tenant to acknowledge that they received the property in good condition.