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If you're leasing or borrowing personal property that isn't a home or car, a Personal Property Lease can help you document and formalize the exchange. Making this document can make it easier for both... Read more

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Making a Personal Property Lease

  • What is a Personal Property Lease?

    If you're leasing or borrowing personal property that isn't a home or car, a Personal Property Lease can help you document and formalize the exchange. Making this document can make it easier for both parties to avoid possible disputes down the road. When ready, you can tap or click the "Make document" button to check out the sample Personal Property Lease and preview the questions that you will need to answer to create your document.

  • Will this Personal Property Rental Agreement be legally binding under state law?

    As with any legal contract, a Personal Property Rental Agreement will not be legally binding until all parties to the agreement have signed. Different from a generic Personal Property Lease template that you might come across elsewhere, your rental contract comes with the option of Document Defense®, so an attorney in our network can review the situation and take action if you need to demand payment or have another issue.

  • Why do property owners make Personal Property Rental Agreements?

    Regardless of if you're lending furniture or a prized piece of fine jewelry for a wedding, you should be sure about what happens if it's stolen, broken, or lost. Working out all the issues before they become problems can save you a lot of time and frustration later. The following list of benefits may help you make the decision to use one:

    • Roles and responsibilities are understood by everyone
    • There is no confusion about rent or fees charged
    • There are no surprises about how long the rental will last

    Without a Personal Property Rental Agreement, you and the renter may have to manage any of the following repercussions: not being paid in a timely manner, unplanned damage to the property and associated expenses, and, not to mention, little to no legal recourse when disputes arise.

  • How should the information in a Personal Property Lease template be organized?

    In order to complete your Personal Property Lease with Rocket Lawyer, you will need to have the following details:

    • A description of your property
    • The full name of the lessee
    • How payments should be made
    • What the duration of the lease will be

    As expected, your Personal Property Lease will also contain legal language related to past due payments, liability, and governing law. Using the document tool, you are able to add more custom editing, as well.

  • On average, what would I traditionally need to pay for a Personal Property Lease?

    The cost of working with a conventional attorney might total anywhere from hundreds of dollars to thousands, if the matter is complex. As a property owner planning to draft your free document with Rocket Lawyer, you will need to take in the guidance that is given. If you'd like, you may also ask an On Call attorney to review it for you.

  • Would I have to take additional actions after my Personal Property Lease is made?

    When you are ready to finalize your document, it should be signed. Be sure to send a final copy of the fully signed contract to the lessee. When you use RocketSign®, you can handle the entire process online. With a membership, you also will be able to download it as a Word or PDF file, make copies, and print it as needed. You may also wish to check out more contracts in our library.

  • Will my Personal Property Rental Agreement be checked by an attorney before I sign?

    Hiring an attorney to review your contract might be relatively time-consuming. Sometimes a lawyer will not even accept requests to review a document if they did not write it. In the event that an attorney does offer to help you, they are still going to charge their standard rate for doing it. An easier and more cost-effective way to double-check your document would be through attorney services at Rocket Lawyer. When you become a Premium member, you can have your documents examined by an attorney. Whether you create another Personal Property Rental Agreement or other legal documents, Rocket Lawyer is here to support you.

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