Free Rental Lease Agreement Form – How to Find the Form You Want and What it Should Say

When looking for a rental lease form you will have a few choices on how to get them, you can go to the local office store and buy generic ones but this has several disadvantages, not only do you spend a lot of money for these forms but they rarely cover everything and you find that you have to continue to write in the specifics of your particular lease. You can also type and photo copy your own lease this too takes time and knowledge, you can have them custom made as well but this can be expensive, or final you can download a free rental lease agreement form off the Internet.

Each method has its advantages and disadvantages, but in the end they all come back to a few important points, you need your forms to be affordable, they also need to be accurate and they need to take up as little of your valuable time as possible. The easiest way to accomplish this is to find your templates online. There are a number of different sites that offer free templates that will work for your purposes perfectly and while you can find pay sites as well a lease form is quite unique to the person that is using it so you will need to edit it regardless, why pay for one when you do not have to.

A free form can offer a number of different benefits, the important points of the lease agreement will already present these points are pretty standard and are a part of just about any lease agreement form, this will save you a lot of time because you will not have to take the time to type all of this up and since this will represent the bulk of your agreement that can be a big time saver. You will be able to modify the agreement in any way you need, you can put anything that is state specific in the form as well as any special rules you may have for your rental.

Once you have the form exactly how you want it, then all that is left is to print it on your printer, this is far more economical than having someone custom design your template and it saves you a lot of time since you do not have to fill in the extras on a generic form every time you need to use one. You can download your free rental lease agreement form at many different websites online and each site should have instructions on how to edit their forms.

Can Free Lease Agreement Forms Serve Purpose?

Currently, most people prefer renting property for residential purposes. Prior to taking possession of such property, there is some vital documentation that has to be completed. One of these documents is the Lease Agreement Form, which should be signed by the tenant and his landlord. This contract form spells out all the terms that both parties are expected to follow once they have signed them.

The Lease Agreement Form should comprise of all regulations connected to how the property may be used, the amount of rent and the date that the rent should be paid. The form can be written down by a legal expert such as a legal representative or a true estate agent. However, you will have to make some expensive payments for the job. If you want to avoid this, you can download a Free Lease Contract Forms from the internet, which do not exclude the important terms that should be entailed in such forms.

The Free Lease Contract Forms normally enclose information on different clauses concerning how the property that is to be rented out should be used. For some regions, they have rules and regulations concerning rent and eviction already laid out by the government. For such cases, the forms are normally customized to go by the rules. They also have spaces where you can fill in the details of the two parties, the date and a place where the two parties will put down their signatures.

Other clauses that are included are payments of electricity bills as well as water bills. In addition to that, there are specifications on who should be held responsible for all necessary repairs that should be carried out regularly. The two parties should have it in their minds that once they have put down their signatures in the forms, then the form becomes legally abiding.

Finding Places to Rent an Apartment in Chicago With Bad Credit, a Broken Lease Or a Criminal Felony

Chicago is the third largest metropolitan in the United States and as such attracts thousands of people each day. The city is also a formidable financial center making it a magnet for people seeking economic and career opportunities. Chicago has many different apartments which are excellent for any purpose and for any family size. If you are shopping for an apartment rental in Chicago, it is best to be armed with the necessary information required. One of these is to know your credit score because Chicago apartments will conduct credit and rental history checks not to mention criminal background checks as well. So where can one rent an apartment in Chicago if they have a prior broken lease, less-than-adequate credit or a criminal record?

There are many different localities within Chi-town where this is possible. The following areas have different apartment leasing homes that cater to applicants with an unflattering rental history, tainted credit or criminal past:

  • Downtown Chicago
  • Southside
  • Center City
  • Southwest
  • Bridesburg

One challenge that many people who have a poor rental background or less-than-perfect credit is where to locate apartments that are willing to work with them. This is because many second-chance apartments in Chicago do not advertise that they work with people with imperfect credit. This leaves applicants to guess which can be a costly and frustrating exercise indeed.

Techniques of find bad credit apartments in Chicago

One way to find second chance apartments in Chicago is off course the Internet. This can also be tricky because not all websites are straightforward and apartments rental regulations are constantly being revised.

Another option is to contract an apartment locator. Usually if you tell them what the issue is they can look for an apartment for you which can cater for people with previous issues such as broken lease agreements, bad credit or criminal pasts.

Important information to bear in mind

It is essential that you understand that even if the apartments are willing to work with impaired credit and/or an imperfect record as far as renting, they will still request that you fulfill a few requirements:

  • Have a job for at least six months prior
  • Be earning at least 3 times the rental amount
  • Not be convicted of violent crime or crime against minors
  • If felony, it has to be at least 5 years old

Sometimes the apartments will also require a hefty deposit and may hike their rent. But again these requirements vary from apartment to apartment and locality to locality.

Are you looking for apartments in Chicago which will approve you despite a previous broken apartment lease agreement, sub-prime credit or a criminal record?

Eight Tips for Negotiating an Office Lease Renewal

So I’m meeting with our landlord tomorrow to discuss a lease extension, and I’m in the process of pulling together my thoughts on the renewal.

Our office building is owned by a small group of investors, so we have a personal relationship with the owners/landlord. I consulted with several colleagues of mine, and here are our top considerations for effectively negotiating a lease or extension:

1. Be a good tenant

It’s so basic to sound business practices, but it bears repeating, particularly when you’re dealing with individuals and other small business owners. Resolve issues along the way as amicably as possible -it all comes back to you in the end.

2. Start early and understand your options

Particularly in a very tight commercial real estate market, you’ve got to allow at least 9-12 months for the process to play out. It can take several months to research your alternatives, open up negotiations with prospective landlords (especially concerning tenant improvements), and then come back to your current landlord. And you’ll want to allow 2-4 months if you have to plan a move (assuming you’re an SMBE like us).

3. Understand your market, and particularly concessions that new tenants can extract.

While market rental rates are important to understand, there are a number of other considerations new tenants may enjoy, including tenant improvements, rent holidays, and other benefits.

Understanding these will not only give you a sense for what you might expect if you go elsewhere, but it can also help you negotiate your current renewal. Why shouldn’t you enjoy at least part of those benefits on the renewal?

4. Consult with (if not retain) a broker.

I’m a big believer in at least talking to experts in a field, and I generally recommend using them to represent you in a lease negotiation. Depending on the size of your business, this can represent anywhere from a $350k to a multi-million obligation over a 3-5 year period.

Brokers can give you a sense for the market, current conditions, and offer other valuable input. Face it -while you may know your business better than anyone, you’re probably not an expert in commercial real estate.

If you are going to use a commercial real estate broker, I suggest using a tenant only representative, as they are less likely to be conflicted than brokers who may represent either side.

That being said, they are a lot like realtors in that they only get paid when a deal gets done. The good news is they are frequently paid for by the lessor, but that may affect the terms of the deal.

5. Depending on how much leverage you have, work to ‘share the savings’.

Just as you may want to avoid the headaches and costs associated with moving, your landlord may have the same interest. If you’ve been a good tenant and are paying near market rents, the last thing your landlord wants to deal with is several months of vacancy, showing the space, negotiating and paying tenant improvements, and then having to deal with an unknown. So work to value how much benefit each side is getting out of the renewal and see if you can’t find some common ground.

6. Think outside the box and understand your landlord’s situation.

Your landlord is interested in three things – the underlying value of the property, current income/cash flow from the property, and avoiding headaches. Understanding the relative importance of each can be very helpful in your negotiations.

For example, commercial property is essentially valued at a multiple of cash flow (it’s a cap rate if you want to be specific) over a period of time, with an emphasis on future cash flows. If the landlord is thinking about re-financing or selling the property in 2-3 years, she will want to boost the cash flow in that later period. This can provide you with a path to reducing your near term rental outlays in return for increasing the rent at a time when it particularly matters to the landlord.

7. Put together a spreadsheet balancing overall costs for your various rental options

Feel free to let your landlord know you’re doing this, and make sure that you’re getting all the information you need to make a balanced and informed decision.

8. Get your hands on a bunch of actual lease agreements and extensions.

This can help give you ideas for different terms that you might want to incorporate into the lease that you may not have thought of. Of course, if you have representation, you should encourage them to do this -you’d be surprised how often this is overlooked.

There are lots of resources out there for looking at sample and (even more helpful) actual, negotiated lease agreements