![]() Not having this information included in the lease agreement could become a major issue down the road. You may not have room to discuss relevant rules such as pet rules or subletting. Missing Important Rules. With one page there is only so much space.Instead of getting dragged down in multiple drafts of a long and complicated lease agreement, the parties can narrow their focus on the essential items. More Efficient. A 1-Page Lease Agreement forces both parties to prioritize the important items of the lease agreement.If the tenant does have any questions, a landlord should have no problem providing clarification on these essential items. Easier to Read and Understand. Having everything on one page means that a tenant will not struggle to read through and understand any long complicated clauses.If you find yourself with a qualified yet hesitant tenant, a 1-Page Lease Agreement may be a more approachable option. Attracting a Hesitant Tenant. A standard lease agreement can be long with several complex clauses included.Benefits of a 1-Page Lease Agreementīenefits of using a 1-Page Lease Agreement include: Clauses dealing with pets, subletting, and common areas may be too much when all you really need is those items essential to the agreement. While a standard residential lease agreement may cover every possible aspect of renting a property it may not be necessary. There are many reasons to use a Simple 1-Page Lease Agreement. It contains only the most necessary terms, such as the lease length and rent owed, to ensure both parties understand their basic contractual obligations of the tenancy. A Simple 1-Page Lease Agreement is a legally binding rental contract between a landlord (lessor) and a tenant (lessee).
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