Simple (1 Page) Rental Lease Agreement
A simple (1 page) rental lease agreement is used for leasing out a unit or home to a tenant. The form contains the bare minimum amount of information to ensure the tenant understands their contractual obligation to the landlord.
Although the form is one (1) page in length, it covers several areas, which include:
- Names of the tenant(s) and landlord
- Property address
- Length of the lease
- Rent amount ($)
- Rent due date
- Late fees
- Security deposit
- Signatures of all parties
How to Write
Step 1 – Parties
In the first field, enter the date (mm/dd/yyyy) the form is being filled out (i.e., the current date). Then, enter the name(s) of all tenants, followed by the name and address of the landlord (person managing the property).
Step 2 – Property
Enter the full address of the property being rented. This should include the street address, unit/suite, city, state, and ZIP code. Then, select the type of property being rented out. If none of the options apply, check the “Other” box and manually input the type of rental.
Step 3 – Lease Term
The lease term is the span of time the tenant will be permitted to occupy the rental. Enter the date they are allowed to move in by, followed by the date the tenant they must leave.
Step 4 – Rent
Enter the following:
- The amount ($) of rent the tenant will be obligated to pay each month to the landlord
- The day of the month that rent will be due (typically the 1st)
- The method the tenant should use to pay the landlord (e.g., by mailing a check to the landlord’s address)
Step 5 – Late Fee
If the tenant will be required to pay a late fee if they are late on rent, check the “Will” box, and vice versa if late fees will not be required. If required, enter the amount ($) of the late fee followed by the number of days that must pass before a late fee can be issued.
Step 6 – Security Deposit
A security deposit is typically equal to one (1) months’ rent, and is used to cover the landlord should the tenant(s) damage the property or another wrongdoing that costs the landlord money. The security deposit cannot be applied towards rent. If a security deposit will be required, check “Will” and enter the amount of the deposit in the next field.
Step 7 – Acknowledgment (Signatures)
Each party will need to:
- Sign their name on the line provided;
- Enter the date they’re signing; and
- Print their name legibly beneath their signature.
Once all information has been entered, the agreement will be complete. A copy should be digitally sent or printed and delivered to each tenant.