Simple (1 Page) Rental Agreement
A simple (1 page) rental agreement is a type of residential rental contract 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:
- Name(s) of the tenant(s)
- Property address
- Length of the lease
- Rent amount ($)
- Rent due date
- Security Deposit
- Notice requirements
- Total amounts due
- Signatures of all parties
How to Write
Step 1 – Tenant Name(s) & Property Address
In the first field, enter the name(s) of the individuals that will be residing in the property. Everyone named will be responsible for ensuring the full rent amount is paid. Then, write the full address (including unit number) of the rental.
Step 2 – Term
Enter the day, month, and year in which the lease will officially begin. After the lease begins, it will exist on a month-to-month basis until it is terminated by either the landlord or tenant (by providing the required notice). Then, enter the amount of rent that will be due per month. This is the total amount the tenant(s) are required to pay as a whole. Each tenant may pay a portion depending on what they agree-to amongst themselves. On the last line, enter the day of the month in which the rent will be due.
Step 3 – Late Fees
A late fee is a penalty that the tenant(s) must pay if they have not paid the rent in full by the due date. The landlord will need to enter:
- The number of days that can pass before a late fee is issued (ex: “5th” day); and
- The total fee ($) owed by the tenants.
Step 4 – Appliances
Place a checkmark next to any of the appliances that will be included in the rental. If there are any additional appliances the landlord would like to include, this should be specified on the lower line.
Step 5 – 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.
Step 6 – Notices
Write the number of days’ notice the tenant(s) must provide the landlord should they wish to terminate the rental agreement. In the next space, write the amount of notice required if the landlord would like to end the lease. See the state-by-state notice requirements prior to entering.
Step 7 – Amounts ($)
On the eight (8) lines provided, enter the amounts that were received and/or are owed by the tenant(s).
Step 8 – Signatures
Each party will need to:
- Sign their name on the line provided;
- Enter the date in which they’re signing; and
- Print their name legibly beneath their signature.
The agreement is now complete. A copy should be digitally sent or printed and delivered to each tenant.