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In a perfect world every situation would be “win – w in”. Leasing a property should be beneficial to both the landlord and the tenant. What a residential agreement does is it clearly defines the terms, guidelines, and rights to renters.
A property lease agreement is a legal binding contract which should be signed by both the landlord and the tenant. The agreement should cover several of the following criteria plus much more:
- Define the lease property
- Define the time frame of the lease
- Define the renewal terms
- Define the terms for the occupancy and usage of the lease property
- Define the terms ruling security deposits and rent payments
This is a merely a brief list of what the property rental agreement should include. It is important to read through the agreement carefully and thoroughly. Gather a complete understanding of the document before signing, as the application for rental will be held up in a court of law.
Tenants who would like to become familiar and learn what to expect from a lease agreement can browse online and look at a number of different lease samples.
Landlords can look at lease forms for free and determine which one would best suit their company and property.
Landlord tenant forms are essentially the most important elements of the leasing process because they lay out the entire future of the lease and are the go to source for information if any discrepancies were to arise.
#1 Choice for Commercial lease property
RDS Real Estate is the premier choice for commercial lease property and we will help guide you through the leasing process.
For over 10 years now RDS Real Estate has helped aspiring, and already established, entrepreneurs acquire just the right property to enable success for their business.
RDS Real Estate leases property in DFW ideal for:
- Office space
- Manufacturing and distribution space
- Storage space
- Retail space
- Warehouse space
Our purchase lease agreement does allow for a commercial sublease to happen. A commercial sublease is an agreement in which a tenant chooses to lease their space to a third party under terms specified in a written contract.
Loan companies will always take a look at the “Four C’s” are in order. It is important to have a good stronghold on the following:
- Capacity – the adequacy of the borrower’s income to pay the interest and principal due on the loan, plus property taxes and homeowners insurance.
- Character – the borrower’s track record of paying debts as evidenced by his or her credit history and credit score.
- Capital – the borrower’s down payment as a percentage of the current value of the property.
- Collateral – the safety and soundness of the property and the value of the property as determined by an appraisal relative to the agreed-upon purchase price.
Whether is residential agreement or commercial agreement, it always important to be prepared and to understand the leasing process and your renter’s rights as much as you can.