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Making an Alabama Lease Agreement
Renting out property or leasing a new apartment is a serious investment, but it doesn't need to be complicated. Usually, the reason to make an Alabama Lease Agreement is to record the agreed-upon terms connected to a new tenancy. Signed by both the property owner or manager (the "lessor") and the tenant (the "lessee"), this document can help each party to set expectations and reduce the risk of disputes. You can tap or click on the "Make document" button to take a closer look at the Alabama Rental Contract sample. Suited for rentals of every kind of residential property, this rental agreement for Alabama can be used by landlords in Birmingham, Huntsville, Montgomery, and every other town located in the Yellowhammer State.
As with any legal agreement, Alabama Residential Lease Agreements are not legally binding until they are signed. Unlike many other websites you might stumble upon, Rocket Lawyer offers more than a blank Alabama Lease Agreement template or fillable PDF that you could obtain elsewhere. If the tenant refuses to pay or there's a different issue related to your Alabama Rental Contract, your Rocket Lawyer membership offers the optional benefit of Document Defense® protection.
Whether your property is new or many years old, it is important to keep track of each rental with a lease. Making this document will most likely be good for you because of the following list of benefits:
Without this document, you and/or the tenant might suffer these repercussions: unforeseen modifications of the agreement and any associated fees, challenges collecting rent on time, and limited legal recourse when disputes arise. In addition, if a lease will last more than one year, Alabama law requires the agreement to be in writing.
The specific details to cover are:
As usual, your contract will also include guidelines around short- or long-term guests, smoking and/or drug use, past due payments, animals/pets, and moving out before the rental period ends. While building your rental contract, you'll also be able to include more details related to maintenance procedures, insurance requirements, and furnishings. Further custom editing is allowed, as necessary.
Creating your own Alabama Lease Agreement is easy to do with Rocket Lawyer. When you're ready to begin, simply tap or click on the button labeled "Make document." After collecting your answers to a series of questions about your situation, Rocket Lawyer will produce your customized contract. You can also try asking an attorney in our nationwide network to review it prior to signing it. This solution, in many cases, would end up being notably more affordable than hiring and working with a conventional law firm, where your expenses could add up to a few hundred dollars or thousands, depending on the complexity of the matter.
Alongside your Alabama Lease Agreement, there's a list of tips on what you can do next. You also can try any or all of these actions with your contract: making edits, printing it, downloading it as a Word or PDF document, or signing it online with RocketSign®. Most importantly, everyone should always receive copies of your final agreement. You should also feel free to take a look at our full collection of legal documents for landlords and property managers.
Rental laws can change over time. If you have any questions related to Alabama rental laws, you can talk to a lawyer. The answer may depend on whom you contact, but often some lawyers won't even accept requests to review your rental contract if they were not the person who drafted it. A more favorable approach might be via the Rocket Lawyer On Call® attorney network. When you sign up for a Premium membership, you can request a contract review from an On Call attorney with real estate experience or pose additional questions related to your Alabama Lease Contract. We are here to support you.
The answer to this question is rather subjective, but there are a few items that you might want to consider as you decide whether or not renting out property is right for you. These include the following: restrictions on security deposits and pet rent, required disclosures, the scope of tenants' rights, how challenging an eviction might be, and, of course, the amount of property taxes. That said, Alabama is home to colleges like Auburn University, the University of Alabama, and Samford University in addition to tourist attractions like US Space and Rocket Center, Birmingham Civil Rights Institute, and the USS Alabama Battleship Memorial Park, so you shouldn't experience any shortage of short- or long-term visitors and tenants if you're close to them.