Our free real estate contract forms and lease or rental agreements
can assist you in the selling, renting or management of your property.
Maybe you own an apartment or two, or you have a flat or house or business premises that you wish to rent.
Letting / rental agents can charge up to 15% (more than a months rent) to secure a tenant for a year and an additional 5% to "manage" the property - collect the rent, visit the premises, authorize repairs etc. In the case of a holiday apartment - geographically too far from your home - it might make sense, but if the rental property is close enough you can keep an eye on it yourself.
Although an oral agreement may be enforceable (especially for short-term agreements) it all too often happens that disputes arise over:
Even if you were to enter into an agreement with a trusted friend, neighbor or colleague, it is always advisable to do so in writing. You can easily copy any of the free real estate contract forms into your word program and edit it to suit your requirements.
Follow our easy instructions to print or edit on this page: free legal forms online.
Free Real Estate Contract Forms and Rental Agreement Templates:
Please refer to this page: Become a Landlord for additional information on:
For more detailed examples on what may not be included in a rental agreement format, please refer to the information on Renter's Rights.
Our free real estate contract forms are not intended to replace the valuable input that a real estate attorney can offer, especially when it comes to specific housing laws in your area. You should ideally use them as templates to create your own custom documents and then have them reviewed by a lawyer.
Real estate offers many advantages when it forms part of a retirement investment plan.
Apart from the capital growth, there are many tax benefits to be gained from rental properties - more than most other investments.
The interest on mortgage loans, costs associated with repairs, running a home office to manage the properties, travel costs to your rental units and insurance premiums are just a few examples of tax deductible expenses.Here's a good tip for landlords to consider:
If you find a really great tenant (who passed your screening with flying colors), offer them the twelfth month free on a year-long agreement provided all monies are paid on time and the property is in the same condition as when the rental started.
If you think about it - that is the same amount you would have paid the letting agent, (if in your country this money is payable by the landlord) but in exchange you give a great incentive to the tenant to sign and stay for a year, pay on time and to take care of the property to qualify for the free month.
The free rental agreement forms are provided as sample documents and are general and generic in nature.
When using them you can modify them to suit your circumstances but you must ensure that they comply with the legal requirements in your state or country, e.g. anti-discrimination or fair housing laws, privacy rights of a tenant, health and safety codes, rent control etc.
If you are not using the services of a real estate attorney, you must investigate your local laws to the best of your ability and then when using our free real estate contract forms to compile your agreements, it is advisable to add the following clause:
If any clause, or part of a clause, is found to be invalid or unenforceable by an appropriate court of law, all the remaining clauses of this agreement will remain in full force and effect and binding on both parties, as if such invalid or unenforceable clause had never been included.
Agents assist landlords in renting their properties, do tenant screening, do regular inspections etc. and they also offer lease agreements as part of their service.
However, we prefer to use our own legal documents. We have a number of properties and if each one used a different lease agreement, it will become quite complicated trying to keep track of a myriad of clauses and deadlines etc.
We actually make it our business to also meet with a prospective tenant and review and confirm references, employment etc. before giving the OK to a property agent to sign a lease with the tenant.
Why not rely on a broker to screen the tenant, you may ask?
The reason is simple: Our real estate properties are a valuable part of our retirement investment portfolio. Some rental agents don't really care any further than getting their rental commission and would gladly place a marginal tenant.
We also make it our business to inspect the property regularly. It's much easier to do maintenance on an ongoing basis than to find a myriad of things to fix (doors almost falling off their hinges, sinks leaking into the cabinets below etc.) at the end of a tenancy.
Incidentally, if you are presented with an agreement such as a mandate to rent your property, you need not accept the contract in its entirety. Negotiate clauses such as the period of the initial mandate and for how long thereafter commissions will still be payable on agent referrals.
When entering into an agreement with a real estate broker to lease your property, you must reserve your right to rent the property yourself with no commission due to the broker.
Landlord Tenant Law - Portal for direct links to country-specific pages.
All the free real estate contracts available here are accompanied with guidelines for their use, to assist the property owner in compiling his own documents or to do preparation before consulting with a real estate attorney.
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