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Rental agreement forms are constructed and subsequently filed when a company or organization wants to rent a facility or room for a specific purpose the rental agreement form acts as a legally binding contract between the owner or management company of the property and the entity who is renting the property additionally rental agreement forms are typically authorized by a landlord or management company of a rental housing unit such as an apartment or condo in this instance the individual renting the space must fill out and sign the rental agreement form to legally establish the renting of the property the first section of a rental agreement form will list the parties involved in the transaction typically the landlord and the tenants who wish to rent the space this section will also list the address of the property following the satisfaction of this basic information the rental agreement form will establish the monthly amount charged for rent in this section the renting party must agree to the amount by signing in the designated area along with listing the date of the agreement this section will affirm the rental agreement by elucidating upon the process required to initiate and collect future payments the next section of a rental agreement form will list information regarding a security deposit if no security deposit is required this information will be left off the rental agreement form however it contained in the form the security deposit must be honored by the delivery of the renter signature all obligations listed on a rental agreement form are legally binding as a result the renter must carefully read all sections of the rental agreement form to ensure proper delivery and treatment the following sections of the rental agreement form will document information concerning the agreements made regarding utilities parking subletting and the conditions of the premises as well as any and all alterations that have been made to the building the next portion of the rental agreement form will list information concerning late payments or the delivery of bad checks in most cases the final portion of the rental agreement will list information concerning the landlord's right of entry as well as a list of all repairs made to the property furthermore this section will also contain information concerning abandonment liabilities and the termination of lease agreement to watch more videos please make sure to visit laws calm