Condominium Lease Contract Template
When you have got a condo to lease out and you have discovered the right tenant, build a Condominium Lease to outline the terms in the lease agreement. It’ll assist you start around the ideal foot and establish a healthy landlord and tenant relationship.And if you are a tenant about to lease a condo, do not be afraid to ask your landlord to provide a written contract.
A Condominium Lease is actually a lease agreement between the owner of a condominium in addition to a tenant. The Lease defines the terms of rental of your condominium. The rental term, month-to-month rent, safety deposit, maintenance and repair obligations are all terms outlined within the Lease. The Condominium Lease is equivalent to a Residential Lease but in addition addresses challenges one of a kind to the rental of a condominium, such as the landlord’s obligation to pay the condominium fees, and making certain tenants adhere to rules set out by the condo’s HOA. The objective of a Condominium Lease is usually to make clear the terms of the lease agreement on the condominium. It also prevents misunderstandings and lays the foundation for any healthier landlord-tenant relationship.