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Lease Agreement

A Lease Agreement is a contract between two parties (a lessor and a lessee) that outlines the terms of renting property. When it comes to a residential rental, the lessor is the property owner or... Read More

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Making a Lease Agreement

  • What is a Lease Agreement?

    A Lease Agreement is a contract between two parties (a lessor and a lessee) that outlines the terms of renting property. When it comes to a residential rental, the lessor is the property owner or landlord, and the lessee is the tenant.

    A signed Lease Agreement can help you avoid a lot of problems as a landlord. Without a lease or rental agreement in place, there may be confusion over common topics, such as late fee amounts, if smoking is permitted, and if pets are allowed. A Lease Agreement lets tenants know exactly what is expected of them while they live in your property. It defines what you will be responsible for as a landlord and what actions you'll take if the lease is not followed.

  • How do I make a Lease Agreement?

    Making a free Lease Agreement online is simple. Just answer a few questions, and Rocket Lawyer will build your document for you. The whole process can take less than 10 minutes.

    You'll need the following information:

    Lease term details

    • How long will the lease last?
    • What will happen when the lease term ends?
    • Will the lease be renewable?
    • What happens if the tenant needs to break the lease?
    • Are roommates allowed?
    • Is subletting allowed?

    Rent guidelines

    • What amount of rent will be charged?
    • How much is the security deposit?
    • When is rent due and when is it considered late?
    • How can rent payments be made?
    • What payment methods are accepted?
    • What happens if the rent is late or a check bounces?
    • Who pays for utilities?

    House rules

    • What are the tenant's maintenance responsibilities?
    • How long can guests stay?
    • Are pets allowed?
    • Is smoking permitted?

    Other information

    • Is there parking or storage available?
    • Who is responsible for property damage?
    • What is the process for requesting maintenance?

    If you don't have all of the details that you need, you can skip questions, and save your document for later.

  • What is the difference between a lease and a rental agreement?

    When it comes to renting out residential property the terms "lease" and "rental agreement" can be used interchangeably. Regardless of what the document is called, this contract should outline every aspect of the rental arrangement that you want your tenants to agree to, and it should clearly outline your responsibilities and expectations as the landlord or property manager.

  • Is a lease legally binding?

    A signed Lease Agreement is a legally-binding contract. Using Rocket Lawyer, you can make and sign your lease form online. While not all documents are legally valid with electronic signatures, most residential Lease Agreements are.

    Always be sure to provide a copy of the signed Rental Agreement form to each tenant, so they can refer to it if any questions arise. The signed rental contract can also serve as a reminder of agreements that the tenant(s) made, if there ever comes a time when you need to enforce it. Getting everyone on the same page at the beginning of a landlord-tenant relationship can help prevent issues in the future.

  • How much does it cost for a lawyer to draw up a lease?

    A landlord-tenant lawyer might typically cost anywhere between $200 and $500 per hour depending on what state you operate in. With Rocket Lawyer, you can make a lease for free.

    You can access your Lease Agreement anytime, anywhere, on any device. As a Rocket Lawyer Premium member, you can copy your rental contract, edit it, or send it out to your tenants for an online signature. You can also download it in PDF or Word format, and print it anytime. You can also use your Rocket Lawyer membership to have your Lease Agreement reviewed by an On Call attorney.

    If you have questions before getting started, ask a lawyer or check out more legal documents for landlords.

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