Law protection For Landlord and Tenants through Legal Forms

State Landlord Tenant Law - Law protection For Landlord and Tenants through Legal Forms

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Lease ageement is a legal form made and executed by the lessor and the lessee. In establishment a ageement of lease it should clearly state the place where the ageement was executed and date when it was executed. It should also state the complete name of both the lessor and the lessee, age, status, the name of spouse if married, the citizenship and the abode address in isolate paragraph, and clearly indicating therein who is the lessor and the lessee between the contracting parties.

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State Landlord Tenant Law

On the succeeding paragraph, it should be stated therein the type of buildings and/or property being leased and its location, and also the terms and conditions both the lessor and lessee had agreed upon. Usually, landlord has proforma landlord forms ready and all they need to do is just filling in the blanks for the vital information. Terms and conditions that should be included in the business agreement is the purpose for which the premises is being leased, and thereby prohibiting lessee to use the property other that what is expressly agreed. Violation of said business agreement would mean automatic revocation and/or cancellation of the ageement without prejudice to its other rights under the law.

Initially, lease ageement is good for one year. Upon its expiration, if the lessee still desires to continue leasing the premises, a written consideration of intent to renew the lease ageement should be sent to the lessor prior to the expiration of the lease period agreed upon. The lessor will be the one to decree either to allow renewal of the lease ageement or eventually end upon its expiration. The lessor may agree to renew the lease contracts under same terms and conditions that had been mutually agreed upon. Monthly rate for the leased premises shall also be indicated in the lease contract. All rental payments in the form of check should be made payable to the lessor, who in return should issue a corresponding for all the payments made by the lessee may it be check or cash.

The lessor upon signing of the lease ageement would require the lessor to pay for the deposit as agreed upon. Most lessor requires three months deposit, wherein the 2 months deposit shall be applied as rent for the 11th and 12th months and the remaining one month deposit for other obligations for utilities such as water, electricity, telephone, relationship dues which should be paid by the lessee during the period of the lease and for the damages resulting from violations of any of the provision of the lease contract.

The lessee cannot be held liable for the whole or any part of the leased premises which had been destroyed or damaged by fortuitous event such as fire, flood, lightning, typhoon, earthquake, storm and other unforeseen event. In case the occurrence of the above mentioned event rendered the leased premises during the term substantially unfit for use and occupation, then the lease ageement may be concluded without payment by the lessor or by the lessee.

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