When can a lease be terminated?

Lapse of time – When the prescribed time of the lease expires, the lease is terminated. Specified event – When there is a condition on time of lease depending upon a happening of an event. Interest – Lessor’s interest to lease the property may cease, hence resulting in the termination of the lease.

What are the terms of a rental agreement?

Residential Lease Agreement Terms. Some of the basic terms you should be aware of that are used in rental agreements are the following: Lease Term – This is the length of the lease. Most long term lease arrangements are at least 1 year but some terms can be month to month.

Can you make a rental agreement in word?

Our Rental Agreement Forms on this article are all in Word format, which makes them easy to edit. You may make any changes to suit the needs and nature of your rental agreement. Using pre-made forms will help you make sure that no information is going to be left out. We have various types available depending on what property you are renting out.

Can a tenant sign a sublease agreement with a landlord?

The original lease will still be under his name so he can still resume the lease when he returns. A Rental Agreement can be used by a landlord to decide upfront if he would allow this or not. If he would allow it, the tenant would need to draft a Sublease Agreement to be signed by the second tenant.

Can a tenant occupy a space in exchange for rent?

A lease agreement allows a tenant to occupy space in exchange for the payment of rent to the landlord.

Is there a rental agreement in Word document?

If you are looking for a basic, standard or simple rental agreement in a Word document, there are many to choose from. Most states vary by rental law but all of them abide by the fair housing act. Below are a variety of basic rental agreements in Word you can use and update on your own.

How are lease agreements written in New York?

The New York lease agreements are written after a lessor (landlord) and lessee (tenant) verbally agree to all the terms of a rental contract including the monthly payment amount and whether the tenant will be responsible for paying the utilities.

Will rent to for-profit jeopardize exempt status?

Will rent to for-profit jeopardize exempt status? If a community center, owned by a 501 (c) (3) public charity, rents space to a for-profit entity and that for-profit uses the space to generate income for itself, is the nonprofit’s tax-exempt status at risk?

A lease agreement allows a tenant to occupy space in exchange for the payment of rent to the landlord.