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Rental/ Lease Agreement Template

Washington D.C.
West Virginia
Wisconsin
Wyoming

By Type (15 )

Standard Lease

1-Page

Commercial

Condominium

Equipment

Relative

Hunting (Land)

Month-to-Month

Parking Space

Rent-to-Own

Roommate

Storage Space

Sublease

Vacation (short-term)

Weekly

The Leasing Process (8 steps)

Housing Statistics

– 33.6% of U.S. households are renters (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 income (on average) is invested in lease. [4]

1. Tenant Views the Space

The renter’s initial step in the leasing procedure is seeing the space. This is typically after seeing images of the residential or commercial property on a website where it was noted.

Renting Trends (2023 )

91% of renters use a website or mobile app when searching, and 19% get housing without requiring an in-person tour. [5]

2. Obtain a Rental Application

Before an offer is accepted, the landlord usually requests a tenant to finish a rental application and pay a small charge (view optimum fees by state). The most typical cost 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 browsing public records (eviction search, background check, etc).

Recommended Services

– Limited ($ 21) – RentPrep.com
– Detailed ($ 40) – MySmartMove.com

4. Verify References

The candidate’s company and previous property managers ought to be called. This provides insight into the candidate’s character and if they pay their rent on time.

Questions to Ask a Previous Landlord

– Was lease paid on time during the occupancy?
– Did the renter break the lease?
– What was the reason for leaving the residential or commercial property?
– Was there damage made on the residential or commercial property?
– Would you re-rent to the renter again?

5. Negotiate the Lease

Once a tenant is authorized, the parties will begin working out the rental terms. If the occupant is a creditworthy individual, they may have the ability to get a much better deal due to their monetary status.

Negotiation Items

– Monthly rent ($).
– Down payment.
– Utilities.
– Fees (e.g., parking, pets, garbage, etc)

6. Lease Signing

When both celebrations sign the lease it becomes legally binding up until completion of its term. The most common methods to sign are in-person or electronically.

Required at Lease Signing

– First month’s rent.
– Security deposit.
– Identification

7. Taking Occupancy

After signing the lease and making preliminary payments, the occupant ought to be given access to the residential or commercial property at the start of the lease term. Generally, an occupant can not move into the residential or commercial property unless they have made an additional payment.

Inspecting the Residential or commercial property

To protect the security deposit, it is suggested that the renter complete a move-in evaluation form and note any existing residential or commercial property damage. In 2023, only 42% of tenants said they got fully refunded on their down payment. [7]

8. End of Tenancy

The proprietor will notify the occupant of their intention to restore or end the lease in between 30 and 90 days before completion of the occupancy. If the proprietor 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 ownership § 35-9A-201( a), 35-9A-201( b).
Alaska 2 months’ rent, other than for systems leasing for more than $2,000 2 week if the occupant leaves on-time, 30 days if not § 34.03.070( a), § 34.03.070( g).
Arizona 1.5 months’ lease 14 days from move-out evaluation (excl. weekends and vacations) § 33-1321.
Arkansas 2 months’ lease 60 days from termination of occupancy § 18-16-304, § 18-16-305.
California 1 month’s lease 21 days from the move-out date 1950.5.
Colorado 2 months’ lease (leaving out family pet deposits) 1 month if discussed 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’ lease if more youthful 21 days from the move-out date or 15 days from receiving the tenant’s brand-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 one month if deductions, 15 days if no deductions § 83.49( 3 )( a).
Georgia 2 months’ rent 30 days from the termination date § 44-7-30.1

§ 44-7-34.
Hawaii 1 month’s rent (excluding family pet charge) 14 days from the termination date § 521-44.
Idaho No limit one month if specified in the lease, 21 days if not § 6-321.
Illinois No limit one month if deductions, 45 days if no reductions 765 ILCS 710.
Indiana No limit 45 days from the termination date § 32-31-3-12.
Iowa 2 months’ rent 1 month after the renter has actually abandoned § 562A.12.
Kansas 1 month’s lease (unfurnished), 1.5 months’ lease (supplied) 2 week after making deductions or 30 days from the termination date § 58-2550.
Kentucky No limit 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 30 days 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 renter has abandoned Chapter 186, Section 15B.
Michigan 1.5 months’ rent thirty days from completion of occupancy § 554.602, § 554.609.
Minnesota No limit 3 weeks from the termination date § 504B.178.
Mississippi No limitation 45 days from completion of occupancy § 89-8-21.
Missouri 2 months’ lease 30 days from the termination of tenancy § 535.300.
Montana No limitation thirty days if reductions, 10 days if no deductions § 70-25-202.
Nebraska 1 month’s rent (excluding animal cost) 2 week of § 76-1416.
Nevada 3 months’ rent one month from the end of occupancy NRS 118A.242.
New Hampshire 1 month’s rent or $100, whichever is higher 1 month, 20 days if the residential or commercial property is shared with the property owner 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 lease 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 city 1 month’s rent unless the deposit or advance is for a seasonal usage residence unit 14 days after the occupant has left 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’ rent for month-to-month tenancies one month if no deductions, if reductions then an additional 30 days § 42-51, § 42-52.
North Dakota 1 month’s rent (excluding family pet deposits) thirty days from the termination date § 47-16-07.1.
Ohio No limitation 1 month from the termination date § 5321.16.
Oklahoma No limit 45 days from the termination date § 41-115( B).
Oregon No limit 31 days from the termination date § 90.300.
Pennsylvania 2 months’ rent 30 days from the termination date § 250.511 a, § 250.512.
Rhode Island 1 month’s lease 20 days from the termination date § 34-18-19.
South Carolina No limitation one month from the termination date § 27-40-410.
South Dakota 1 month’s rent 14 days if no reductions, 45 days if deductions § 43-32-6.1, § 43-32-24.
Tennessee No limitation one month from the termination date § 66-28-301.
Texas No limit one month after the occupant has actually left § 92.103.
Utah No limit thirty days from the termination date § 57-17-3.
Vermont No limitation 14 days, 60 days if a seasonal residential or commercial property § 4461.
Virginia 2 months’ rent 45 days from the termination date or the date the occupant abandons the home system, whichever takes place last § 55.1-1226( A).
Washington No limit one month from tenant’s move-out date § 59.18.280.
West Virginia No limitation 60 days after occupancy ends or 45 days after another occupant relocates, whichever much shorter § 37-6A-2.
Wisconsin No limit 21 days from tenant’s vacancy date § 134.06.
Wyoming No limitation one month from lease termination or 15 days from receiving 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 2 days § 33-1343.
Arkansas N/A N/A.
California 24 for non-emergency, 2 days for the move-out inspection § 1954.
Colorado * N/A * N/A.
Connecticut Reasonable notice § 47a-16.
Delaware 2 days Title 25 § 5509.
Florida 24 hours § 83.53.
Georgia * N/A * N/A.
Hawaii 2 days § 521-53.
Idaho * N/A * N/A.
Illinois * N/A * N/A.
Indiana Reasonable notice § 32-31-5-6.
Iowa 24 hours § 562A.19.
Kansas Reasonable notice § 58-2557.
Kentucky 2 days § 383.615.
Louisiana * N/A * N/A.
Maine 24 hours § 6025.
Maryland * N/A * N/A.
Massachusetts Reasonable notice Sanitary Code (410.810 ).
Michigan * N/A * N/A.
Minnesota “Reasonable notice” of no less than 24 hours § 504B.211.
Mississippi * N/A * N/A.
Missouri * N/A * N/A.
Montana 24 hr § 70-24-312.
Nebraska 24 hr § 76-1423.
Nevada 24 hours NRS 118A.330.
New Hampshire Reasonable notice RSA 540-A:3.
New Jersey 1 day § 5:10 -5. 1
New Mexico 24 hours § 47-8-24
New York * 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 hours § 90.322.
Pennsylvania * N/A * N/A.
Rhode Island 2 days § 34-18-26.
South Carolina 24 hours § 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 durations).
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 period) AS 34.03.020( c).
Arizona On the due date (no grace duration) ARS 33-1314( c).
Arkansas On the due date in the lease, however there is a 5-day grace period before a late cost might be enforced § 18-17-401( b)( 1 ), § 18-17-701( b).
California On the due date (no grace period) CIV Code 1947.
Colorado Not specified, but there is a 7-day grace period before a late charge may be imposed C.R.S. § 38-12-105.
Connecticut 9-day grace period. § 47a-3a( a), § 47a-15a.
Delaware On the due date in the lease, however there is a 5-day grace period before a late fee might be enforced Title 25, § 5501( b), Title 25, § 5501( d).
Florida On the due date (no grace duration) § 83.46( 1 ).
Georgia Not defined No statute.
Hawaii On the due date (no grace duration) § 521-21( b).
Idaho Not specified No statute.
Illinois Not defined No statute.
Indiana Not defined No statute.
Iowa On the due date (no grace period) 562A.9( 3 ).
Kansas On the due date (no grace period) § 58-2545( c).
Kentucky On the due date (no grace duration) § 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 period) § 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 defined 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 duration) § 70-24-201( 2 )( c).
Nebraska On the due date (no grace duration) § 76-1414( 3 ).
Nevada On the due date (no grace period) NRS 118A.210( 1 ).
New Hampshire Not specified No statute.
New Jersey 5 organization day grace duration § 2A:42 -6.1( 1 ).
New Mexico On the due date (no grace period) § 47-8-15( B).
New York 5-day grace duration Housing Stability and Tenant Protection act of 2019.
North Carolina 4-day grace duration § 42-46( a).
North Dakota Not defined 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 charge may be imposed § ORS 90.220( 7 )( a), ORS 90.260( 1 )( a)

Ga. Code § 44-7-16

Chicago only – $10.00 each month for the first $500.00 in regular monthly rent plus five percent per month for any quantity in excess of $500.00 in monthly rent for the late payment of rent. No statute

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

If the lease is higher 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 specified No statute.
Maine 4% of the monthly rent quantity Chapter 710, § 6028( 2 ).
Maryland 5% of the month-to-month lease amount Md.

Code, Real.