What’s a residential lease agreement contract template?

A lease/rental agreement has a common use for rental properties (example: apartment lease agreements). Specific details that a lease agreement will outline can vary depending on the state or country in which the rental property is located, as well as the preferences of the landlord and tenant involved.

What’s in this free residential lease agreement form?

Payment details, inclusions, security deposit. Download now for free to get your free lease agreement form. Use Sign.Plus to fill out and sign your basic lease/rental agreement template online.

Where can I get a free rental agreement form?

Get your free rental (or lease) agreement form with Sign.Plus today. Simply download our DOC or PDF file from our page and customize the contract template from our web or mobile app.

Can a landlord change the terms of a lease agreement during the rental period?

A landlord generally cannot unilaterally change the terms of a lease agreement during the rental period. However, both the landlord and tenant may agree to make changes to the lease agreement by signing a written addendum or amendment.

Can a tenant sublet the rental property to someone else?

Whether or not a tenant can sublet the rental property to someone else depends on the terms of the lease agreement. Some lease agreements prohibit subletting, while others may allow it with the landlord's written consent.

What happens if a tenant breaks the terms of the lease agreement?

If a tenant breaks the terms of the lease agreement, the landlord may have the right to evict the tenant and seek damages for any losses incurred as a result of the breach. However, the landlord must follow the legal process for eviction and cannot take self-help measures such as changing the locks or removing the tenant's possessions.

When can a landlord keep a tenant's security deposit?

A landlord may keep a tenant's security deposit to cover unpaid rent, damage to the property beyond normal wear and tear, or other expenses outlined in the lease agreement. However, the landlord must provide an itemized list of deductions and return any remaining portion of the security deposit within a certain time frame after the tenant moves out, as specified by state or local law.

Payment Agreement Template

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Download our free payment agreement template now!

A payment agreement template is a legally binding contract that explains how and when payments will be made between two parties. It includes the amount owed, payment plan, due dates, and what happens if payments are missed. You can download a free, customizable template, learn about the key clauses to include, and sign everything securely using Sign.Plus.

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Residential Lease agreement free contract template online

What is a Payment Agreement?

A payment agreement is a written contract between two parties. One party agrees to pay a specific amount of money, and the other agrees to receive it. It clearly explains the terms of payment so everyone knows what to expect. Explore other free contract templates.

Why use one?

Verbal promises can lead to confusion. A written payment agreement protects both sides. It shows what was agreed upon and can help avoid misunderstandings or legal issues later.

Types of Payment Agreements

Loan repayment: When someone borrows money and agrees to pay it back.
Services rendered: When a customer pays for services over time.
Debt settlement: When someone agrees to pay off a debt in installments.

How to Download a Payment Agreement and use Sign.Plus to sign it online

Our payment agreement template makes it easy to download, edit, and sign your payment agreements. You can quickly add important details like the amount owed, when payments are due, and how they should be made. Once you've filled it out, use Sign.Plus to securely send your document for electronic signatures from any device.

With Sign.Plus, you can safely store your signed agreements online, and effortlessly track document activity, providing a secure and user-friendly solution for all your payment agreement needs.

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Key Clauses Every Payment Agreement Should Include

Parties & Property Description

Start by listing the full names, addresses, and contact details of everyone involved. This makes it clear who is responsible for what.

Payment Amount and Schedule

State the total amount due and when payments will be made. Will it be one lump sum? Monthly payments? Weekly? Example: “$2,400 to be paid in 6 monthly payments of $400, starting July 1.”

Payment Methods and Instructions

Mention how the payments will be made—bank transfer, check, online app—and any necessary account details.

Interest, Fees, and Penalties

If you’re charging interest or late fees, explain how much and when they apply. This encourages on-time payments. Example: A 5% late fee might apply if a payment is over 7 days late.

Default, Remedies, and Acceleration Clause

Explain what happens if someone stops paying. Can the full balance be demanded? Are legal steps involved?

Release, Indemnification, and Assignment

These sections protect both parties from unexpected legal problems and explain if the agreement can be transferred to someone else.

Modification and Waiver

This part says that changes to the agreement must be made in writing and signed by both parties.

Governing Law and Jurisdiction

State which state or country’s laws will apply if there’s a dispute.

Signatures and eSignatures

Every agreement must be signed. With Sign.Plus, you can easily add secure electronic signatures, even if you're miles apart.

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Frequently Asked Questions

What happens if a payment is missed?

If a payment is missed, the agreement’s terms will explain what happens next. This might include a late fee, legal action, or an acceleration clause where the full amount becomes due.

Can I charge interest or late fees?

Yes, but they must be clearly stated in the agreement. You should also check local laws to make sure the fees are legal.

How do I amend an existing agreement?

Changes must be made in writing and signed by both parties. You can edit the original document and re-sign it with Sign.Plus.

How do I sign the document?

Sign.Plus makes it easy to sign your document, you can easily add secure electronic signatures, even if you're miles apart.

Just a heads up – the content available on this site is intended for general information purposes only. At Sign.Plus, we are committed to offering valuable insights, yet it's important to acknowledge that we cannot guarantee the completeness, timeliness, or accuracy of all information presented.
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This information should not be perceived as legal advice, nor should it substitute for professional legal counsel. For specific legal inquiries or advice, we strongly recommend consulting with a licensed attorney who can address your particular legal needs.