Washington Lease Agreement Without Termination Clause

State:
Washington
Control #:
WA-P033-PKG
Format:
Word; 
Rich Text
Instant download

Description

This package contains the forms that are necessary for sellers and purchasers to enter into a legally binding obligation to sell and purchase real property at the expiration of or during a lease term. In a lease purchase agreement, a party agrees to purchase a particular piece of real property within a certain timeframe, usually at a price determined beforehand. With this package, you will find the essential forms to assist you in successfully entering into and executing a commitment to purchase or sell real property. The documents in this package include the following:


1) Contract for Lease and Mandatory Purchase of Real Estate-Specific Performance Clause;


2) Contract for Lease and Purchase of Real Estate- Purchase by Date or Leave;


3) Personal Guaranty of Contract for the Lease and Purchase of Real Estate; and


4) Residential Real Estate Sales Disclosure Statement.

Purchase this package and save up to 30% over purchasing the forms separately!


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FAQ

Termination clauses set the terms and conditions surrounding a contract cancellation that doesn't result in penalties. These rules typically address who may cancel the contract and for what reasons. Negotiate these terms carefully with an attorney to ensure that they are enforceable and fair.

Yes, some residential lease agreements do need to be notarized in Washington. Leases for a duration exceeding one (1) year must be notarized in order to be valid for the entire duration of the lease (WA Rev Code § 59.18. 210). Leases for less than one year are not required to be notarized.

If a tenant wishes to dispose of its interest in a commercial property, it will need to assign its lease. If the lease contains no provisions dealing with alienation, the tenant will be free to deal with it as it wishes.

Lease Termination Clause In general words, the landlord releases the tenants from any future obligations, and the tenants surrender the premises. Keep in mind that the landlord may still be able to charge an extra rent amount or fee for early termination.

Twenty days' notice is typically required to end a month-to-month lease. In most cases, either party in a month-to-month lease in Washington must give notice to end the agreement at least 20 days before the last day of the rental payment period. The notice must be in writing and include the lease end date.

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Washington Lease Agreement Without Termination Clause