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The small or independent landlord or property manager doesn’t have the luxary of a lawyer or paralegal they can call on to type up the required forms to make sure everything is in compliance and legal. Luckily for them, there are resources to obtain free lease agreements forms that are complete and will stand up in any court should the need arise.
Finding free lease agreements forms isn’t too hard these days with the internet and being able to download from web sites. If a property manager or landlord signs up for a free account with MyPropertyManager, they will have access to a plethora of free froms online, including free lease agreements forms. The best part of such forms is they have been written by experts in the field of property management, and can even be customized for each state to comply with specific landlord/ tenant law.
Even though free lease agreements forms can be used to execute the landlord/ tenant relation, the benefit for both parties cannot be overstated. At its most basic, the agreement spells out specifically the terms and conditions of the lease, such as rent amount, lease term, any penalties for breaking the lease, late fees for not paying on time, when eviction can take place, and such matters. So long as everything is spelled out, there is little chance for misunderstanding, and if things should end up in court, the matter can be resolved with relative ease.
Speaking of court, free lease agreements forms often form the basis for any answer to civil action that could arise. Many a landlord has had a discrimination claim made against them, and they were able to put the matter to bed by presenting a singed lease agreement and receipts for first month rent or a deposit. Air conditioner not working, but the tenant is willing to lease as is? The lease agreement is your protection should they sue for reimbursement for repairs, or contest an eviction by claiming they withheld rent due to the AC unit.
No matter what, always have an agreement in place with every tenant, no matter how much you may trust them. By taking advantage of free lease agreements forms, a great deal of time, expense, and potential frustration can be avoided.