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Form #572

General Rental Agreement

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General Rental Agreement - free form to use
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GENERAL RENTAL AGREEMENT

 

 

THIS AGREEMENT is made on ___________________________ (Date) between _________________________________________________________________, hereinafter called Owner, and _________________­­­__________________, hereinafter called Renter.

 

PROPERTY DESCRIPTION

______________________________________________________________________

______________________________________________________________________

 

The Owner warrants that to the best of his/her knowledge and belief the aforesaid property is free of faults or deficiencies which would affect its safe and dependable operation under normal and prudent usage.

 

RENTAL PERIOD

The Owner agrees to rent the above-described property to the Renter for a period of _______________________ (Time Period), beginning _______________________ (Date) and ending _____________________ (Date).

 

USE OF PROPERTY

______________________________________________________________________

______________________________________________________________________

 

The Renter further agrees that the rented property shall [1] not be used beyond any rated capacity; [2] shall not be used for any  illegal purpose; [3] shall not be used in any manner for which it was not designed, built, or designated by the manufacturer; [4] will not be used in a negligent manner;  and [5] will not be operated by any other person without the written permission of the Owner.

 

 

INSURANCE

The Renter hereby agrees that he/she shall fully indemnify the Owner for any and all damage to or loss of the rented property and any accessories or related equipment during the term of this Agreement whether caused by fire, theft, flood, vandalism, or any other cause, except that which shall be determined to have been caused by a fault or deficiency of the rented property, accessories, or equipment.

 

RENTAL RATE

The Renter hereby agrees to pay the Owner at the rate of $ ________________ per _______________ (Daily/Weekly/Monthly) for the use of said property and any accessories/equipment.  Any fuel used shall be paid for by the Renter. 

 

DEPOSIT

The Renter further agrees to make a deposit of $ _________________ (Amount) with the Owner.  Said deposit to be used, in the event of loss of or damage to the rented property and any accessories/equipment during the term of this Agreement, to defray fully or partially the cost of necessary repairs or replacement.  In the absence of any damage or loss, said deposit shall be credited toward payment of the rental fee and any excess shall be returned to the Renter.

 

RETURN OF PROPERTY TO OWNER

The Renter hereby agrees to return the rented property and any accessories/equipment to the Owner at __________________ (Location) no later than __________________ (Date).

 

TERMINATION OF AGREEMENT

It is mutually agreed that the Renter shall have the right to terminate this Agreement at any time by payment of one full days rental for each 24-hour period or any part thereof, during which the Renter has retained possession of the property and any accessories/ equipment during the term of this Agreement.

 

IN WITNESS WHEREOF, the parties hereto hereby execute this Agreement.

 

 

 

___________________________________                       ________________

Renter’s Signature                                                                 Date

 

 

 

___________________________________                       ________________

Owner’s Signature                                                                 Date

 

 

 


Page 1 Page 2 Page 3
 
Contributed by
FastDue.com		  
Name of Firm FastDue.com
Location Fairfield, Iowa, United States
Total Forms Contributed 74
Phone 641-209-1761
Website http://fastdue.com
Email
 Free online business forms for all your invoicing and collection needs. 100% FREE, no login required, easy and secure.

See All FastDue.com's Forms
 

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Submissions to this site, including any legal or business forms, posts, responses to questions or other communications by contributors are not intended as and should not be construed as legal advice. You are strongly encouraged to consult competent legal council before engaging in any action based upon content contained on this site.

These downloadable forms are only for personal use. Retransmission, redistribution, or any other commercial use is prohibited. This includes reposting forms from this site to another site offering free legal or other document forms for download.

Please note that the donator may have included different usage terms regarding this form, and you agree to abide by these terms. It is highly recommended that you have a licensed attorney review any legal documents for which you are searching in order to make sure that your needs are being properly and completely satisfied.

Your use of this site constitutes your acceptance of our terms of use and your agreement to hold this site, its officers, employees and any contributors to this site harmless for any damage you might incur from your use of any submissions contained on this site. If you do not agree to the above terms, please do not proceed.

These forms are provided to assist business owners and others in understanding important points to consider in different transactions. They are offered with the understanding that no legal advice, accounting, or other professional service is being offered by these documents or on this website. Laws vary in the different states. Agreements acceptable in one state may not be enforced the same way under the laws of another state. Also, agreements should relate specifically to the particular facts of each situation. Therefore, it is important to consult legal counsel whenever utilizing these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com is not engaged in recommending or referring members on the site or making claims about the competence, character or qualifications of its participating members.
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Comments
submitted 10/2/2008
by DavidMarshall  
"With something as important as a rental agreement, you always need to make sure you have covered al the issues. The first and most important is to define exactly what the rental unit is and how it can be used during the term. So you should combine a brief description in the agreement itself with a schedule describing the state of the unit's repair, and a list of all the contents let for use. Setting the mutual duties for maintenance and repair is also useful to avoid future disputes. And linking the state of the property on termination to the return of the security deposit is necessary. One other thing worth thinking about is whether to build in the right to claim a lien if the rent is unpaid. That gives the landlord the right to seize and, if necessary, sell the renter’s property to recover unpaid rent. If in doubt, get expert help to customize the agreement."
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submitted 9/25/2008
by OliverJ 
"My dad died a while back and I decided to rent out our old family home rather than leave it standing empty. I needed a rental agreement. Free is a bonus. Except that I was worried when I read it and ended up paying for it to be customized by the contributor. It didn’t cost a whole lot but it was more hassle than I expected. A couple of examples. I love our old home and wanted to make sure it was properly insured by the renter. That meant a right to see the policy and the right to terminate the agreement if I found out the policy lapsed. And the security deposit. If the renter insured, the renter would pay for the repairs out of the policy. I wanted to keep the deposit in case the renter left the home in a poor state and I had work to do to make it good again. The final agreement I ended up with doesn’t look much like this which is a good thing because I got what I wanted and it probably cost me less than going to an attorney picked from Yellow Pages. "
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Keywords: Rental Agreement, legal forms, rental, rent
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