Rhode Island lease agreements allow a landlord to enter into a legally binding contract with a tenant for the use of property in exchange for rent. The tenant will also have to follow the property’s rules and pay for any responsibilities outlined in the agreement. After signing, the tenant will be obligated to pay 1st month’s rent, a security deposit (if required), and any other fees (pets, parking, etc.).
Laws – R.I. Gen. Laws § 34-18 (Residential Landlord and Tenant Act)
A Rhode Island standard residential lease agreement allows a landlord to legally collect payment for renting their property to someone else (a “tenant”). It is a binding contract that sets up an ongoing arrangement where the tenant will pay rent to the lessor in exchange for the everyday use of the livable property. The form’s fields must be completed by both parties and, once signed,…
A Rhode Island month-to-month rental agreement, otherwise known as a “tenancy at will” agreement, permits a tenant to live in a residential unit based on a real estate contract with no end date (perpetual), but rent is due on a specific day every month. Upon acceptance by the landlord of said payment, the agreement continues for another thirty (30) day term. If the landlord or…
A Rhode Island rental application is used by landlords to screen and verify that a potential tenant is qualified to rent a property. Every landlord has exposure when authorizing a lease in regards to having the possibility of a future eviction for nonpayment of rent. Therefore, a landlord will carefully view a tenant’s rental history with other owners/managers, background, credit, and employment information to ensure…
A Rhode Island sublease agreement is a real estate contract that is meant for a tenant, referred to as the ‘sublessor,’ who is under a fixed-term lease agreement and would like to lease the same property to someone else (the “sublessee”). Most standard lease agreements prohibit the use of subletting, so written permission from the landlord or property manager may be needed. When drafting an…
A Rhode Island roommate agreement becomes a documented commitment between individuals living together in a shared rental property, once it is filled out and signed. This action solidifies an individual’s acknowledgment of terms with the binding power of a signature and should, thus, be taken seriously. That being said, it is important to keep in mind that all the signature parties will have to provide…
A Rhode Island commercial lease agreement is a contract between a property owner/manager and a tenant for the use of space intended for business purposes. The rental property may be used as an office, retail, or industrial space by the tenant, and the landlord will usually have the interior renovated to suit the tenant’s needs. Because the landlord is often making an initial investment in…
