A rental agreement is a written agreement between a Landlord and a Tenant establishing the rights and responsibilities of each party. The Landlord is the owner of real estate (also known as "premises") who rents that property to a Tenant for the Tenant's use. A "home" rental agreement applies to real estate used as a residence, while a "commercial" rental agreement applies to business property. This Standard Home Rental Agreement contains a comprehensive set of provisions and options. A Simple Rental Agreement automatically includes many of the standard Home Rental Agreement provisions that most users would select if given the choice, and therefore is designed for easier use. A written rental agreement should be prepared and signed whenever property is rented to reduce the likelihood of misunderstandings between the Tenant and the Landlord regarding the rental arrangement. |