A simple rental lease refers to a legal document whereby the owner of a particular object, car, house or building leases it to another individual who gets the rights to use it by paying a rent for a particular duration. A simple rental lease has the most basic points explained in a simple manner without any jargon and can be used by one accordingly. It contains the name of the lessor and the lessee, details of the leased property or things, the rent amount, the security deposit amount, the lease term and all the conditions that must be followed by the lessee and the lessor in order to honour the contract.
Sample Simple Rental Lease:
This rental lease contract has been entered on February 21, 2012 by the lessee Will Plano and lessor Ryan’s Automatic, whereby the lessor agrees to lease a TV and music system to the lessee for a period of 6 months.
- Leased item details: Samsung HDTV plus Surround Sound MP3 Player
- Rent p.m. : $50
Terms and Conditions:
- The lessee must pay a security deposit of $500 to be returned by the lessor at the end of the lease term
- The items will be checked by the lessor before leasing it and inspections will be done when it is returned and the lessee will be charged for any damages or it will deducted from the security deposit
- A one-week advance notice must be given by both parties to terminate the contract
The undersigned agree to the terms and conditions.
Signature (Lessor) Date
Signature (Lessee) Date