Residential Rental Lease Application - Maine 2025

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A fixed-term lease is the most traditional lease. Theyre called fixed term because tenants and landlords are agreeing to abide by the lease for a fixed amount of time, normally six to 14 months.
Net leases A triple net lease, sometimes known as an NNN lease, is the most common type of commercial lease. A triple net lease is a lease whose monthly rent fee does not include operating expenses.
In a gross lease, the tenant pays a fixed price for rent, and the landlord is responsible for all operating expenses. This is the type of lease most common for residential properties and multifamily real estate because it is considered tenant-friendly.
The most common terms for a car lease are 2-3 years. A major benefit to 2-3 year leases is that the vehicle warranty is normally for 36k miles or 3 years, meaning that there is little risk for out-of-pocket repair during the lease.
The gross lease is MOST commonly used for residential leases. T/F Leases for space in a shopping mall are usually percentage leases.
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As of the new year, Maine law now said the landlord must provide disclosure of costs the tenant will be responsible for before signing a lease. They must disclose the total cost of rent, and mandatory and optional recurring fees, any utility service costs and any other costs that will fall onto the tenant.
The Maine standard residential lease agreement is the standard, one (1) year rental agreement between a landlord and tenant. Once the contract has been signed by both parties (along with all required disclosures) it becomes legally binding to both landlord and tenant for the term stated.
Except as provided in this section, a landlord may not require an applicant to pay a fee to submit an application to enter into an agreement for rental of a dwelling unit or require an applicant to pay a fee for the landlord to review or approve an application to enter into an agreement for rental of a dwelling unit.

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