A free rental lease refers to the process of leasing an article or property in return for a one-time or periodic rent for a particular period of time. A free rental lease sample can be available on the net which can be used as a basis to create one’s own lease agreement or contract. The rental lease should give the names of the persons involved in the contract, details and description of the item to be leased, the duration of the lease period, the amount of rent to be paid by the lessee to the lessor and any other necessary terms and conditions. If the lessee doesn’t honour the terms, the rental lease may be terminated.
Sample Free Rental Lease:
Name of lessee: Matt Grayson
Address: Apt 34, Pecan Grove, Ohio
Name of lessor: Darla Wesson
Address: 1321 Austin Lane, Ohio
The rental lease agreement has been entered on February 21, 2012 by the two parties mentioned above. The lessor agrees to lease the garage space owned by the lessor to the lessee in exchange for a rent amount of $100 per month for one year.
Terms and Conditions:
- The lessee shall be responsible for keeping the garage clean and in working condition
- If any major repair must be made, the lessor must be informed about it immediately
- The lessee must pay a security deposit of $200 which will be given back to him once the lease period ends
Both parties agree to the terms and conditions mentioned above.
Signature (lessor) Date
Signature (lessee) Date