As more and more people look for living spaces to rent, it`s important to have a clear and concise rental agreement in place to protect both the tenant and the landlord. A basic 1-page rental agreement is a straightforward way to outline the terms and conditions of the rental agreement without overwhelming the parties involved.

Here are some key elements to include in a basic 1-page rental agreement:

1. Names of the Parties Involved

Make sure to include the full name and address of both the tenant and the landlord. This ensures that both parties know exactly who they are entering into an agreement with.

2. Rental Property Information

Include the address of the rental property, as well as a brief description of the property, such as the number of bedrooms and bathrooms. This information is crucial for both parties to confirm that they are agreeing to the same rental property.

3. Rental Term

Specify the length of the lease. This can be a month-to-month agreement or a fixed-term lease for a certain number of months or years. Make sure to include the start and end date of the lease.

4. Rent and Security Deposit

Specify the amount of rent due and when it is due. Also, include the amount of the security deposit required and when it is due. This helps to ensure that both parties are clear on their financial obligations throughout the rental period.

5. Late Payment and Fees

Include any late payment fees and procedures for late rent payments. This ensures that the tenant understands the consequences of late payments and the landlord has a clear process for collecting rent as well as any associated fees.

6. Maintenance and Repairs

Specify who is responsible for maintenance and repairs. This can include details about which party is responsible for minor repairs versus major repairs, as well as a process for submitting and approving repair requests.

7. Termination and Renewal

Include the terms and conditions for terminating the lease, as well as any renewal options. This ensures that both parties understand the requirements for ending the lease and if there are options for extending the agreement.

Overall, a basic 1-page rental agreement should be written in clear language and provide all necessary details to protect both the tenant and landlord. It`s important to make sure that both parties sign and date the agreement, indicating their agreement to the terms outlined.