Format Lease

Recommendations for a format lease residential lease agreement is a very important legal document that is nowadays necessary to defend your property or use rights over a property. Every lease contract must contain certain information for the protection of the parties involved, especially for the owner of the property that is who runs the greatest risk. There are many formats of lease available on the Internet, but we want to make general recommendations about leases formats so you verify that you decide to use. What should be the format contract of lease? Make sure you format lease that you use to include at least the following information: name and general data of the individual owner or with the legal powers for renting the property (lessor). General data of the (s) and name (s) person (s) who will inhabit the property (lessee). Location and description of the property to lease. The object or purpose contract (at lease give the property) the amount the lessee will be turned off by the lessor as income.

If there is an additional maintenance fee is recommended to put it in the contract. It is advisable to also determine the penalty where the lessee fails to pay on time. Term of the contract (six months, one year, five years, etc.). The details of the deposit, the amount and conditions so that return you to the lessee to terminate the contract. The responsibilities of the landlord and tenant regarding the maintenance of the property. Causes for termination of the contract, i.e.

in that case a party would be in breach of contract to grade to terminate (example: do not pay rent in two months, introduce people, animals or objects not permitted in the building, give an inappropriate use, death, etc.). It is also important to include the terms of the termination of the contract, define if there is any penalty or legal implications. The conditions and the procedure of renewal of the contract. Rights of use the lessor during the term of the contract (you will be able to enter the property or won’t be able to use it in any situation, etc.). The way to resolve a legal dispute between the lessor and the lessee, i.e., who is going to pay legal costs, in that jurisdiction (place) is going to carry out the dispute and lower than civil code. It is advisable to use attachments in the format contract of lease? As a general recommendation Yes, we suggest that you use annexes to validate the contract information. You can include attachments as copies of the identifications of the parties involved, annex to the deed of the property that this as collateral in case of applying or any other additional document to the contract that can serve to validate the same information. Does the lease format suggested in all cases? Each case is different and something that is very important to include in a lease may not be so important to include it in another, but the 12 General recommendations which do and which are included in the contract format of Abaj lease can help you better protect your rights as lessor or lessee. It is important that the format of lease include all of these variables, if not we recommend to include them. Remember that these are merely recommendations to give you a general guide, is consulting a lawyer to help you formulate a contract to suit you.