Rental Lease Agreement Template

Washington D.C.
West Virginia
Wisconsin
Wyoming


By Type (15 )


Standard Lease


1-Page


Commercial


Condominium


Equipment


Member of the family


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. families 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 (typically) is invested in rent. [4]

1. Tenant Views the Space


The renter's primary step in the leasing procedure is seeing the space. This is typically after viewing photos of the residential or commercial property on a website where it was listed.


Renting Trends (2023 )


91% of occupants utilize a website or mobile app when searching, and 19% use for housing without requiring an in-person trip. [5]

2. Obtain a Rental Application


Before a deal is accepted, the landlord normally demands an occupant to finish a rental application and pay a little cost (view maximum fees by state). The most typical fee was $50 in 2023. [6]

Applicant Details


- Applicant's name & address
- Employment information
- Income verification
- Previous property owners
- Consent (to run a credit check)


3. Screen the Applicant


Use the rental application to run a customer report. This consists of running a credit report and browsing public records (expulsion search, background check, etc).


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4. Verify References


The applicant's company and previous proprietors should be called. This offers insight into the applicant's character and if they pay their rent on time.


Questions to Ask a Previous Landlord


- Was rent paid on time during the occupancy?
- Did the renter violate 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 once again?


5. Negotiate the Lease


Once an occupant is authorized, the celebrations will begin working out the rental terms. If the occupant is a creditworthy person, they may have the ability to get a better offer due to their financial status.


Negotiation Items


lease ($).
- Down payment.
- Utilities.
- Fees (e.g., parking, pets, garbage, etc)


6. Lease Signing


When both parties sign the lease it ends up being legally binding until the end of its term. The most typical ways to sign are in-person or digitally.


Required at Lease Signing


- First month's rent.
- Down payment.
- Identification


7. Taking Occupancy


After signing the lease and making initial payments, the renter must be offered access to the residential or commercial property at the start of the lease term. Generally, an occupant can stagnate into the residential or commercial property unless they have actually made an additional payment.


Inspecting the Residential or commercial property


To safeguard the down payment, it is suggested that the renter complete a move-in inspection kind and keep in mind any existing residential or commercial property damage. In 2023, only 42% of renters stated they got totally refunded on their security deposit. [7]

8. End of Tenancy


The property owner will inform the occupant of their objective to restore or terminate the lease between 30 and 90 days before completion of the tenancy. If the property owner ends the lease, the occupant's security deposit will be returned after move-out.


Landlord's Options


Renew the Lease - By sending a Lease Extension.
Terminate the Lease - By sending out a Non-Renewal Lease Letter.
Landlord-Tenant Laws


Down Payment 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' lease, 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' rent 2 week from move-out assessment (excl. weekends and holidays) § 33-1321.
Arkansas 2 months' lease 60 days from termination of tenancy § 18-16-304, § 18-16-305.
California 1 month's rent 21 days from the move-out date 1950.5.
Colorado 2 months' lease (leaving out pet deposits) 1 month if pointed out 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 younger 21 days from the move-out date or 15 days from receiving the tenant's brand-new address § 47a-21.
Delaware 1 month's lease for leases of one year or more. No limitation on all others types 20 days from the termination date Title 25 § 5514.
Florida No limitation one month if reductions, 15 days if no reductions § 83.49( 3 )( a).
Georgia 2 months' rent 1 month from the termination date § 44-7-30.1


§ 44-7-34.
Hawaii 1 month's lease (excluding family pet cost) 14 days from the termination date § 521-44.
Idaho No limitation thirty days if mentioned in the lease, 21 days if not § 6-321.
Illinois No limitation 30 days if reductions, 45 days if no deductions 765 ILCS 710.
Indiana No limitation 45 days from the termination date § 32-31-3-12.
Iowa 2 months' lease 1 month after the occupant has actually left § 562A.12.
Kansas 1 month's rent (unfurnished), 1.5 months' lease (supplied) 14 days after making reductions or thirty days from the termination date § 58-2550.
Kentucky No limit 60 days from the lease termination date § 383.580( 6 ).
Louisiana No limitation 1 month from the termination date Revised Statute 9:3251.
Maine 2 months' lease one 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 lease thirty days after the occupant has left Chapter 186, Section 15B.
Michigan 1.5 months' lease thirty days from the end of occupancy § 554.602, § 554.609.
Minnesota No limitation 3 weeks from the termination date § 504B.178.
Mississippi No limit 45 days from completion of tenancy § 89-8-21.
Missouri 2 months' rent 1 month from the termination of tenancy § 535.300.
Montana No limitation 30 days if deductions, 10 days if no reductions § 70-25-202.
Nebraska 1 month's lease (omitting family pet fee) 14 days of move-out § 76-1416.
Nevada 3 months' rent 30 days from completion of occupancy NRS 118A.242.
New Hampshire 1 month's rent or $100, whichever is higher 30 days, 20 days if the residential or commercial property is shown the property owner RSA 540-A:6, RSA 540-A:7.
New Jersey 1.5 months' rent thirty days from the termination date § 46:8 -21.2, § 46:8 -21.1.
New Mexico 1 month's rent for leases under one year. No limitation for domestic leases of one year or more thirty days from the termination date § 47-8-18.
New York 1 month's lease unless the deposit or advance is for a seasonal use residence unit 14 days after the occupant has abandoned Emergency Tenant Protection Act 576/74( f), § 7-108 (e).
North Carolina 2 months' rent for tenancies of more than 2 months; 1.5 months' lease for month-to-month occupancies 1 month if no reductions, if reductions then an additional 1 month § 42-51, § 42-52.
North Dakota 1 month's rent (omitting pet deposits) thirty days from the termination date § 47-16-07.1.
Ohio No limitation 30 days from the termination date § 5321.16.
Oklahoma No limitation 45 days from the termination date § 41-115( B).
Oregon No limitation 31 days from the termination date § 90.300.
Pennsylvania 2 months' lease 1 month from the termination date § 250.511 a, § 250.512.
Rhode Island 1 month's rent 20 days from the termination date § 34-18-19.
South Carolina No limit one month from the termination date § 27-40-410.
South Dakota 1 month's lease 14 days if no reductions, 45 days if reductions § 43-32-6.1, § 43-32-24.
Tennessee No limit 30 days from the termination date § 66-28-301.
Texas No limitation 1 month after the renter has actually vacated § 92.103.
Utah No limitation thirty days from the termination date § 57-17-3.
Vermont No limit 2 week, 60 days if a seasonal residential or commercial property § 4461.
Virginia 2 months' rent 45 days from the termination date or the date the tenant vacates the home unit, whichever occurs last § 55.1-1226( A).
Washington No limit 30 days from occupant's move-out date § 59.18.280.
West Virginia No limitation 60 days after tenancy ends or 45 days after another occupant moves in, whichever much shorter § 37-6A-2.
Wisconsin No limitation 21 days from tenant's job date § 134.06.
Wyoming No limitation thirty days from lease termination or 15 days from getting the tenant's forwarding address, whichever is lesser § 1-21-1208( A)


Landlord's Access.
Expand Collapse.
State Required Notice Statute.
Alabama 2 days § 35-9A-303.
Alaska 24 hr § 34.03.140.
Arizona two days § 33-1343.
Arkansas N/A N/A.
California 24 for non-emergency, 2 days for the move-out evaluation § 1954.
Colorado * N/A * N/A.
Connecticut Reasonable notice § 47a-16.
Delaware 2 days Title 25 § 5509.
Florida 24 hr § 83.53.
Georgia * N/A * N/A.
Hawaii 2 days § 521-53.
Idaho * N/A * N/A.
Illinois * N/A * N/A.
Indiana Reasonable notification § 32-31-5-6.
Iowa 24 hours § 562A.19.
Kansas Reasonable notification § 58-2557.
Kentucky 2 days § 383.615.
Louisiana * N/A * N/A.
Maine 24 hr § 6025.
Maryland * N/A * N/A.
Massachusetts Reasonable notice Sanitary Code (410.810 ).
Michigan * N/A * N/A.
Minnesota "Reasonable notification" of no less than 24 hr § 504B.211.
Mississippi * N/A * N/A.
Missouri * N/A * N/A.
Montana 24 hours § 70-24-312.
Nebraska 24 hr § 76-1423.
Nevada 24 hr NRS 118A.330.
New Hampshire Reasonable notification RSA 540-A:3.
New Jersey 1 day § 5:10 -5. 1
New Mexico 24 hours § 47-8-24
New York City * N/A * N/A.
North Carolina * N/A * N/A.
North Dakota Reasonable notification § 47-16-07.3.
Ohio 24 hr § 5321.04.
Oklahoma 1 day § 41-128.
Oregon 24 hr § 90.322.
Pennsylvania * N/A * N/A.
Rhode Island 2 days § 34-18-26.
South Carolina 24 hr § 27-40-530.
South Dakota 24 hr § 43-32-32.
Tennessee 24 hours § 66-28-403.
Texas * N/A * N/A.
Utah 24 hr § 57-22-4.
Vermont 48 hours § 4460.
Virginia 24 hr § 55.1-1229( A).
Washington 2 days for repairs, 1 day for showings § 59.18.150.
West Virginia * N/A * N/A.
Wisconsin Advance Notice § 704.05( 2 ).
Wyoming * N/A * N/A


Collapse


When is Rent Due? (grace periods).
Expand Collapse.
State When is Rent Due? Laws.
Alabama On the due date (no grace period) § 35-9A-161( c).
Alaska On the due date (no grace duration) AS 34.03.020( c).
Arizona On the due date (no grace period) ARS 33-1314( c).
Arkansas On the due date in the lease, however there is a 5-day grace period before a late fee might be enforced § 18-17-401( b)( 1 ), § 18-17-701( b).
California On the due date (no grace duration) CIV Code 1947.
Colorado Not specified, but there is a 7-day grace duration before a late fee might be enforced C.R.S. § 38-12-105.
Connecticut 9-day grace period. § 47a-3a( a), § 47a-15a.
Delaware On the due date in the lease, but there is a 5-day grace period before a late cost might be imposed Title 25, § 5501( b), Title 25, § 5501( d).
Florida On the due date (no grace period) § 83.46( 1 ).
Georgia Not defined No statute.
Hawaii On the due date (no grace duration) § 521-21( b).
Idaho Not defined No statute.
Illinois Not specified No statute.
Indiana Not specified No statute.
Iowa On the due date (no grace period) 562A.9( 3 ).
Kansas On the due date (no grace duration) § 58-2545( c).
Kentucky On the due date (no grace period) § 383.565( 2 ).
Louisiana On the due date (no grace duration) La. Civ. Code art. 2703( 1 ).
Maine 15-day grace duration Chapter 710, § 6028( 1 ).
Maryland On the due date (no grace duration) § 8-401( a).
Massachusetts 30-day grace period. Chapter 186, Section 15B( 1 )( c).
Michigan On the due date (no grace period) § 554.131.
Minnesota Not specified No statute.
Mississippi Not specified No statute.
Missouri On the due date (no grace period) Rev. § 535.060.
Montana On the due date (no grace period) § 70-24-201( 2 )( c).
Nebraska On the due date (no grace duration) § 76-1414( 3 ).
Nevada On the due date (no grace duration) NRS 118A.210( 1 ).
New Hampshire Not specified No statute.
New Jersey 5 organization day grace period § 2A:42 -6.1( 1 ).
New Mexico On the due date (no grace period) § 47-8-15( B).
New york city 5-day grace period Housing Stability and Tenant Protection act of 2019.
North Carolina 4-day grace duration § 42-46( a).
North Dakota Not specified No statute.
Ohio Not defined No statute.
Oklahoma On the due date (no grace period) § 41-109( B).
Oregon On the due date in the lease, however there is a 4-day grace period before a late fee may be enforced § ORS 90.220( 7 )( a), ORS 90.260( 1 )( a)


Ga. Code § 44-7-16


Chicago only - $10.00 per month for the first $500.00 in monthly rent plus 5 percent each month for any amount in excess of $500.00 in month-to-month lease for the late payment of lease. No statute


5-12-140( h).
Indiana Not defined No statute.
Iowa If the rent does not exceed $700/month, the late cost can not exceed more than $12/day each day or $60/month.


If the lease is greater than $700/month, the late can not go beyond more than $20/day or $100/month. 562A.9( 4 ).
Kansas Not defined No statute.
Kentucky Not specified No statute.
Louisiana Not defined No statute.
Maine 4% of the regular monthly rent amount Chapter 710, § 6028( 2 ).
Maryland 5% of the monthly rent quantity Md.

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