We’ve created a simple one page lease agreement template to save you time and headaches while still crossing your T’s and dotting your I’s.
We’ve created a simple one page lease agreement template to save you time and headaches while still crossing your T’s and dotting your I’s.
What’s in this template?The process of finding tenants for a property can be managed directly by a landlord, or the landlord may choose to hire a licensed property manager to act as a middleman between the lessee and the lessor.
DISCLAIMER: We are not lawyers or a law firm and we do not provide legal, business or tax advice. We recommend you consult a lawyer or other appropriate professional before using any templates or agreements from this website.
Now that you know the benefits of using a simple rental agreement let’s save you some time with our free one page template.
Get your free lease agreement today. You’ll receive files both a Word doc and a PDF to use in your property dealings.While it’s sometimes necessary to have an extensive document, for example, commercial lease agreements, a simple one page document is mostly all that’s required.
A one page rental agreement forces landlords and tenants to prioritize the critical terms of a contract. Having the conditions on one page also makes the information easier to digest and refer back to during the lease—limiting confusion.
Lastly, a one page lease agreement makes it more approachable for a tenant to sign the contract, giving you a higher chance of securing a deal over competing properties.
There are three phases when it comes to drawing up squeaky clean rental agreements, including the inspection, the application, and the contract.
It’s always a good idea to get prospective tenants to inspect a property before signing a contract. This ensures the tenant has reasonable expectations of the property before making a short or long-term commitment.
If the tenant is unavailable to inspect the property, see if they can organize for someone they know to look at the property on their behalf. You can also do a virtual tour through a video call with the tenant.
Worst case scenario, you can let the tenant proceed to the next phase of the process without inspecting the property. However, you must make it clear that they are doing so at their own risk.
After the tenant is satisfied with the inspection, they should complete a rental application either online or printed. On the lease application, prospective tenants list their rental history, references, income status, and identification. This is to make sure that the tenant can pay the lease and will care for your property respectfully.
If you’re happy with the tenants’ application, it’s time to send them your one page lease agreement, which includes the essential terms and conditions of your rental contract. It’s also an opportunity for the tenant to negotiate terms to ensure both parties have exercised consideration before signing on the dotted line.
Now that you know the benefits of using a simple rental agreement let’s save you some time with our free one page template.
Get your free lease agreement today. You’ll receive files both a Word doc and a PDF to use in your property dealings. Frequently Asked QuestionsHaving a signed rental agreement is one of the most important steps to a successful outcome for tenants and landlords when leasing a property.
While an email can form the basis of an agreement, a signed contract is legally binding, thus holding all parties accountable to what they agreed upon.
Also, having a lease agreement template ensures parties don’t miss any relevant terms and conditions when making a deal.
Not having a lease agreement opens up the risk of tenants and landlords acting negligently towards each other, triggering nasty disputes and potential loss of income and assets.
Yes, you can write up your own lease agreement; however, it’s advisable you consult with a licensed real estate agent or lawyer to make sure you haven’t missed any essential terms.
Alternatively, you can use our free one page lease template, which has been reviewed by legal experts and proofreaders.