“4 Websites Offering Free Rental Agreement Forms”
Property managers will have to deal with writing and drafting a lease agreement before starting a tenancy.
Luckily, there are free rental agreement forms available online.
But the thing is, every state has its own rules when it comes to rental agreement forms. Lease agreements must be able to meet all the state’s criteria.
If you need a quick solution to this, then you’ve come to the right place. Today, I’ll talk about 4 websites that offer free rental agreement forms.
A Quick Understanding of Rental Agreements
A property manager must be able to run a property in a legal and lawful manner. To be an effective property manager, you need to customize a basic rental agreement. You have to cover all aspects of your property.
Aside from including certain aspects of your property, it’s also important to meet both tenant and property management needs. Before using free rental agreement forms, you must first understand what a basic rental agreement is and its types.
2 Forms of Rental Agreements
A rental agreement serves as a contract between the property manager and the tenant. Every property manager should know what it is. This should be the first thing that should come to mind when renting out a property.
Rental agreements are meant to protect both the property manager and the tenant by specifying the legal duties of both sides. Agreements include specific property terms for tenants and property managers that have been rented to the tenant.
There are two commonly used forms of basic rental agreements:
- A written agreement, and
- Verbal agreement.
What’s a Verbal Agreement?
Not all agreements or contracts are in written form. In fact, there is a kind of agreement between the tenant and property manager on spoken words. This is known as an oral or verbal agreement.
A verbal agreement is just as valid as a written agreement. This agreement is enforceable and legally-binding plus it’s simpler and easier to understand. However, the problem is on proving its existence. It can be very difficult to prove that an agreement has been made without a paper copy to prove it.
A verbal agreement is not highly recommended because there is no paper trail or legal documentation. If disputes occur, it’s normally your word against the tenant’s word which is not a great legal resolve.
What’s a Written Agreement?
In contrast with a verbal agreement, a written agreement is actually documented. This agreement contains all the clauses and specifics in renting out a property.
With this type of agreement, terms are easily enforceable. That is, terms must be agreed to by both the tenant and property manager.
Whenever disputes occur, resolving it won’t be difficult since written agreements serve as a reference. Also, this agreement is formal and legally binding.
How to Get Free Rental Agreement Forms
Now that you know the difference between a verbal and written agreement, it’s time to know how to get free rental agreement forms.
Normally, you will need to find a basic rental agreement form. Of course, you’re going to customize it according to your property.
Creating one from scratch isn’t easy unless you use a real estate lawyer. However, this could be costly.
Also, you need to take into account state-specific legal laws. You may want to compare the agreement to other rental contracts in your area. You can also have it reviewed by a lawyer before using it to rent a property.
Luckily, there are websites that offer free and customizable agreement forms. You can either have it printed or have it digitally signed.
Where to Get Free Rental Agreement Forms Online
How do you know which websites offer free rental agreement forms? You can simply search for it online.
You can choose between pre-made agreement forms or create your own. In any case, what’s important is to make sure it is customized. It has to meet all the needs and requirements to resolve all issues that could arise when renting out your property.
These are the best websites to start with if you’re looking for a basic or customizable rental contract.
Legaltemplates offers hundreds of pre-made contracts you can choose from. Forms that are offered here are crafted and updated regularly by licensed attorneys. You can complete your free legal documents in just a few minutes.
In legaltemplates, you can electronically sign the template and use it online or print it. Their templates cover rules and give specific terms regarding the following:
- Renters insurance, and
- Exhibit purposes.
Lawdepot offers state-specific forms available for a variety of legal issues. You have to first choose what type of property is being rented out. After that, there will be step-by-step instructions with an interview-style format.
In addition to basic rental tenant needs, this site has contracts that cover options for unit improvements and purchasing properties. It also includes an option to give tenant incentives.
Forms can be downloaded for free. This site also has a premium option that allows you to customize forms more easily.
Ezlandforms.com is one of the sites that offer free rental agreement forms. You can search for a template or create your own form. Depending on your choice, templates can be editable.
Keep in mind that some templates on this website are state-specific.
You can also put your e-signature on their forms or templates. The site covers basic and specific terms for rentals. Some examples include security deposits and renters insurance.
The site is very useful because there are a wide number of rules and regulations you can add to your form. You also have an option to add your company logo. Needless to say, you will end up finding more than you had bargained for in using their forms.
Aside from the free rental agreement forms already mentioned, you may also want to check formswift.com.
Formswift offers two options for you. You can either search for a template or create a new one. If you are looking for something more specific, you can choose from a general lease agreement to more specific rental applications.
Aside from that, they also offer templates for month-to-month agreement, sublease, and triple net lease. This site covers basic and specific terms for rentals. This may include terms on the security deposit, auto-renewal, and pets.
Final Thoughts on Free Rental Agreement Forms
Drafting a rental agreement may seem to be a difficult task. Some property managers pay for the services of a legal official just for a rental agreement form. Others opt to use agreement forms online.
Rental agreement forms should be customized according to your needs. That is, it should be able to resolve issues when they arise.
You can choose from the different free rental agreement forms I have mentioned above. Again, those websites offer pre-made or create-your-own agreement forms. Explore the one that gives you the maximum benefit and that’ll suit your needs.
If you have questions about free rental agreement forms, leave them in the comment section below.
Disclaimer: This commentary is a matter of opinion provided for general information purposes only and is not intended to be taken as investment or trading advice under any circumstances. Information and analysis above are derived from sources and utilizing methods believed to be reliable, but we cannot accept responsibility for any losses any person may incur as a result of this analysis. Individuals should consult with their personal financial advisers. By using this web site or any information contained in it, the user specifically and expressly agrees that no advisor-client relationship is created between said user and any author, owner, executive, or principal of this web site by either use of this web site, or by any information, product, or service offered by or on this web site. No express or implied guarantees or warranties as to investment or trading results are made, and any perceived insinuations of such are hereby expressly disclaimed.