It is possible to draft your own lease agreement, but you are leaving yourself open to issues.
What to include in an apartment lease agreement. Tenant information. Include each tenant's full name and contact information. Rental property description. List the apartment's location, all common areas, parking spaces, and included facilities. Security deposit. Monthly rent amount. Utilities. Lease term. Policies. Late fees.
In Maryland, rental contracts do not have to be notarized. A lease is a legal contract as long as it has been signed and agreed upon by the tenant and landlord. If your tenant breaches the agreement, you could enlist the help of licensed attorneys.
Here's a list of standard fields that you should include in your lease agreement: Tenant information. Include each tenant's full name and contact information. Rental property description. Security deposit. Monthly rent amount. Utilities. Lease term. Policies. Late fees.
A residential lease is a contract between a landlord and a tenant - or a lessor and a lessee. It will outline and detail the terms under which the tenant can occupy the landlord's property.
If you're looking for a rent-to-own option, it's best to contact a landlord directly and ask if the arrangement is possible. Also, if real estate sales are sluggish in your area, it might be worth contacting a local real estate agent and asking if they know of any landlords who haven't been able to sell.