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Rental Lease Agreement Template
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Washington D.C.
West Virginia
Wisconsin
Wyoming
By Type (15 )
Standard Lease
1-Page
Commercial
Condominium
Equipment
Family Member
Hunting (Land)
Month-to-Month
Parking Space
Rent-to-Own
Roommate
Storage Space
Sublease
Vacation (short-term)
Weekly
The Leasing Process (8 actions)
Housing Statistics
- 33.6% of U.S. homes are occupants (44 million). [1] [2]- 68.2% of leases are fixed-term. [3]- 31.8% of leases are month-to-month.
- 30% of a tenant's earnings (on average) is invested on rent. [4]
1. Tenant Views the Space
The tenant's primary step in the leasing process is viewing the space. This is typically after seeing images of the residential or commercial property on a site where it was listed.
Renting Trends (2023 )
91% of tenants use a website or mobile app when searching, and 19% use for housing without needing an in-person trip. [5]
2. Obtain a Rental Application
Before a deal is accepted, the proprietor generally demands a tenant to complete a rental application and pay a small charge (view optimum costs by state). The most typical charge was $50 in 2023. [6]
Applicant Details
- Applicant's name & address - Employment information
- Income verification
- Previous proprietors
- Consent (to run a credit check)
3. Screen the Applicant
Use the rental application to run a consumer report. This includes running a credit report and searching public records (eviction search, background check, etc).
Recommended Services
- Limited ($ 21) - RentPrep.com - Detailed ($ 40) - MySmartMove.com
4. Verify References
The candidate's employer and previous property owners should be contacted. This offers insight into the applicant's character and if they pay their lease on time.
Questions to Ask a Previous Landlord
- Was rent paid on time during the tenancy? - Did the renter breach the lease?
- What was the factor for leaving the residential or commercial property?
- Existed damage made on the residential or commercial property?
- Would you re-rent to the occupant again?
5. Negotiate the Lease
Once an occupant is approved, the parties will start negotiating the rental terms. If the renter is a creditworthy individual, they might be able to get a better offer due to their financial status.
Negotiation Items
lease ($). - Security deposit.
- Utilities.
- Fees (e.g., parking, animals, garbage, etc)
6. Lease Signing
When both celebrations sign the lease it ends up being lawfully binding till the end of its term. The most typical methods to sign are in-person or electronically.
Required at Lease Signing
- First month's lease. - Down payment.
- Identification
7. Taking Occupancy
After signing the lease and making initial payments, the renter must be given access to the residential or commercial property at the start of the lease term. Generally, a renter can not move into the residential or commercial property unless they have actually made an extra payment.
Inspecting the Residential or commercial property
To secure the security deposit, it is suggested that the tenant finish a move-in examination type and note any existing residential or commercial property damage. In 2023, just 42% of occupants stated they got completely reimbursed on their down payment. [7]
8. End of Tenancy
The landlord will notify the occupant of their objective to renew or terminate the lease between 30 and 90 days before the end of the tenancy. If the proprietor terminates the lease, the renter's down payment will be returned after move-out.
Landlord's Options
Renew the Lease - By sending out a Lease Extension. Terminate the Lease - By sending out a Non-Renewal Lease Letter. Landlord-Tenant Laws
Security Deposit Laws. Expand Collapse. State Maximum ($). Returning. Statute. Alabama 1 month's rent 60 days after the termination date and delivery of possession § 35-9A-201( a), 35-9A-201( b). Alaska 2 months' rent, except for systems leasing for more than $2,000 2 week if the tenant leaves on-time, 30 days if not § 34.03.070( a), § 34.03.070( g). Arizona 1.5 months' lease 2 week from move-out inspection (excl. weekends and holidays) § 33-1321. Arkansas 2 months' lease 60 days from termination of occupancy § 18-16-304, § 18-16-305. California 1 month's rent 21 days from the move-out date 1950.5. Colorado 2 months' rent (excluding pet deposits) 1 month if mentioned in the lease, 2 months if not C.R.S. § 38-12-102.5
§ 38-12-103. Connecticut 1 month's rent is 62 years or older, 2 months' rent if more youthful 21 days from the move-out date or 15 days from getting the renter's new address § 47a-21. Delaware 1 month's rent for leases of one year or more. No limit on all others types 20 days from the termination date Title 25 § 5514. Florida No limit 1 month if deductions, 15 days if no deductions § 83.49( 3 )( a). Georgia 2 months' lease one month from the termination date § 44-7-30.1
§ 44-7-34. Hawaii 1 month's lease (leaving out family pet cost) 2 week from the termination date § 521-44. Idaho No limit 1 month if stated in the lease, 21 days if not § 6-321. Illinois No limitation thirty days if reductions, 45 days if no reductions 765 ILCS 710. Indiana No limitation 45 days from the termination date § 32-31-3-12. Iowa 2 months' rent thirty days after the occupant has actually vacated § 562A.12. Kansas 1 month's rent (unfurnished), 1.5 months' rent (furnished) 14 days after making deductions or one month from the termination date § 58-2550. Kentucky No limitation 60 days from the lease termination date § 383.580( 6 ). Louisiana No limit 1 month from the termination date Revised Statute 9:3251. Maine 2 months' lease 1 month if the lease is fixed-period, 21 days if tenancy-at-will § 6032, § 6033. Maryland 1 month's rent 45 days from the termination date § 8-203. Massachusetts 1 month's rent 1 month after the renter has left Chapter 186, Section 15B. Michigan 1.5 months' rent 30 days from the end of occupancy § 554.602, § 554.609. Minnesota No limit 3 weeks from the termination date § 504B.178. Mississippi No limitation 45 days from the end of occupancy § 89-8-21. Missouri 2 months' rent one month from the termination of occupancy § 535.300. Montana No limit 30 days if deductions, 10 days if no reductions § 70-25-202. Nebraska 1 month's lease (excluding family pet charge) 14 days of move-out § 76-1416. Nevada 3 months' lease thirty days from completion of occupancy NRS 118A.242. New Hampshire 1 month's lease or $100, whichever is greater thirty days, 20 days if the residential or commercial property is shown the proprietor RSA 540-A:6, RSA 540-A:7. New Jersey 1.5 months' lease 1 month from the termination date § 46:8 -21.2, § 46:8 -21.1. New Mexico 1 month's rent for leases under one year. No limit for domestic leases of one year or more 1 month from the termination date § 47-8-18. New York 1 month's lease unless the deposit or advance is for a seasonal usage home unit 2 week after the occupant has vacated Emergency Tenant Protection Act 576/74( f), § 7-108 (e). North Carolina 2 months' rent for tenancies of more than 2 months
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