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[Music] hello landlords welcome to our quick and easy explanation of what a lease agreement is and why you need one lets get to it did you know that without a lease agreement you may risk losing thousands of dollars without a contract you could be liable for property damage have a hard time collecting unpaid rent and more the good news is its easy to create a lease agreement and once you understand the basics youll be a landlord pro in no time first lets start by defining what a residential lease agreement is a residential lease agreement is a legally binding contract that explains the obligations and rights of both the tenant and landlord having a lease agreement helps you avoid disputes with your tenants and fix problems when they arise in the case where you have to take action to protect your property police agreement is your first line of defense next lets go over what should be included in a lease agreement basic terms should include the property to be rented names and conta

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Can I use for lease agreement?

You can sign your lease online with a legally binding electronic signature. Sign your lease document from your computer or mobile device for free with eSignature: the worlds #1 way to sign electronically.

What documents must be given to a tenant?

Documents you need to give your tenants An Energy Performance Certificate. Deposit protection information. A current gas safety certificate. A copy of the property licence. How to Rent Guide (External PDF)

What are the main clauses of a lease agreement?

5 clauses you must have in your rent agreement Amount of rent, security deposit, other payments. Duration of agreement and renewal criteria. List of fittings, fixtures. Registration of agreement. Restrictions.

What is required in a lease agreement in Chicago?

In Chicago, standard lease agreements include the following attached documents: Chicago Residential Landlord Tenant Ordinance Summary; Security Deposit Interest Rate Summary; Heating Cost Disclosure Statement; Lead-Based Paint Disclosure and Pamphlet; Radon Hazard Disclosure; and a Move-in/Move-out Checklist.

Does Google Docs have a lease agreement template?

Does Google Docs have a lease agreement template? With our website, you can have an effective rental agreement and easily hand it out to your new tenants confidently simply by downloading our Rental Agreement Template in Google Docs.

What are landlords responsible for in Chicago?

A Chicago landlords obligations fall into a few major categories: the landlord must maintain the premises; the landlord must stay out of the premises, except in certain circumstances; the landlord must safeguard and return the security deposit, the landlord may not engage in illegal housing discrimination; the

What are the requirements for a lease agreement?

A written lease agreement must contain: The names and addresses of both parties; The description of the property; The rental amount and reasonable escalation; The frequency of rental payments, i.e. monthly; The amount of the deposit; The lease period; The notice period for termination of contract;

Can I create my own tenancy agreement?

You can make your own tenancy agreement but you need to make sure that it is up-to-date with the law and in particular does not contain illegal clauses. The Tenant Fees Act 2019 made certain tenancy payments illegal such as cleaning fees.

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