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Read on to learn more about residential Lease Agreement or start building the Lease Agreement that’s right for you.ĭid the Tenant watch the Tenant Move-In Video? Before you do that, you need a comprehensive rental Lease Agreement in place that’s been signed by both parties.
When you give a Tenant keys to your property, you’re handing over legal possession. The Lease Agreement not only provides legal protection should any problems arise, but it also lays the foundation for the Landlord Tenant relationship. It’s an essential document for Landlords because it’s legally binding and outlines the roles and responsibilities of both parties.
Pro Tip: Before signing a Residential Lease Agreement, always complete a thorough Tenant Screening and Rental Application to ensure the Applicant is qualified and to reduce the risk of a bad outcome.Ī Lease is a contract between a Landlord and Tenant that outlines the terms under which a Tenant rents property owned by the Landlord.