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For example, the original tenant might have put holes in the wall to make a new passageway or undertaken other major work on the property. At the end of the lease, the new tenant must fix those issues and return the property to the condition that it was in at the start of the lease.
Microsoft Word has a variety of tools for creating and customizing contract templates. Contract templates provide consistency by promoting a consistent format and structure, making it easier for you to discover relevant aspects within a contract quickly.
Yes, Microsoft Word has a free lease agreement template that you can customize to create your own contract and minimize any potential problems between tenant and landlord.
This letter is to inform you that Company Name will not be renewing that lease and we will be moving to a new location. Over the past two years, our business has grown to the point where it made sense to invest in buying our own building.
Here is an example of a rent amount clause in a lease: "The Tenant agrees to pay $12,000 as rent, to be paid as follows: $1,000 per month, due on the 1st day of each month. Payment of the first month's rent and any security deposit is due upon the signing of this Lease by the Tenant.