Lease Application Format

By | June 15, 2011

A lease application format is one which serves as a guide to the formulation of a lease application. A lease application outlines the details governing a lease deal and it is a legal document of value. Thus a lease application must be written carefully. A lease application format can help deponents avoid mistakes while framing a lease application.

Sample Lease Application Format

This lease application is based on the presupposition that all involved with the lease deal have clearly read and understood the terms and conditions contained therein. Any breach of contract is liable to be penalized under the penal code of the state. The following particulars of the lease application must be noted:

First Paragraph: The first paragraph of a lease application must detail the names and other particulars of both the lessor and the lessee. It should be verified with attested photocopies of identity and residence proof. The nature of the lease application and the item/ property being leased must also be mentioned. The condition of the item or property at the time of leasing must also be described so its condition on return can be subject to stringent scrutiny.

Second Paragraph: The second paragraph of a lease application must outline the conditions that will constitute a breach of contract. This is an important section of the lease application and must be read to understand the legal fine print. No loopholes must be left here and it should be as unambiguous as possible.

Third Paragraph: The third paragraph must form a suitable conclusion to the lease application. It must include the names, and signatures of the witnesses as well as that of the lessor and lessee.

Signature of lessor: ___________________

Signature of lessee: ___________________

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