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Insurance: Whether the lessee is required to ensure the property – this is most often used in commercial rental agreements. Utilities: Which utilities are included in the rent, and which utilities the tenant is responsible for. Terms of Use: The purpose for which the property is to be used and terms and conditions regarding use of the property. Rent: The consideration or payment made by the lessee to the lessor in exchange for the property leased out.ĭeposits: The amount of deposit required (if any), the purpose of each deposit, and conditions for return or adjustment of deposit at the end of the lease period. Terms commonly included in a lease agreementĭuration: Period for which the lease agreement will be in effect. How tenant repair requests are handled and procedures for emergency requests.

Identification of parking available, including designated parking spaces, if provided.

Rules and regulations such as pet rules, noise rules and penalty for violation.

Amenities and facilities on the premises which the lessee is entitled to use such as swimming pool, laundry or security systems.

Utilities furnished by the lessor and, if the lesser charges for such utilities, how the charge will be determined.Amount of security deposit and the account where it is held.Methods to terminate the agreement prior to the expiration date and charges if any.Amount of rent and due dates, grace period, late charges.Names of the lessor and lessee or their agents.

Common contents of a lease agreement include:

Lease agreement template word free download