The garage rental agreement is a lease agreement that is formed between the owner of the garage and the tenant. This type of document is created after the garage owner has agreed upon renting his space to the potential tenant. Similarly, the tenant should also be satisfied with the garage space offered. The garage rental agreement is a commonly followed method in the United States where there are various types of garage to sublet for rent. This document highlights in detail the space to be rented in terms of it location, area covered and suitability. The lease term and payment are also stated after the mutual consensus of both the parties.
The garage rental document is subject to the varied jurisdiction of the different states in the U.S. Overall, the document is important as it highlights the terms and conditions of both the parties and also furnishes the legal clauses that must be followed to avoid any adverse legal consequences. This document, therefore, needs to be formatted with precision and meticulous attention to detail. This is a formal document and a certain amount of professionalism is required. The following points must be kept in mind while constructing the garage rental agreement:
[Also Read: Rental Agreement]
- The legal names of both the parties must be mentioned first and foremost in this document.
- The premise that is to be rented should be described in detail.
- The lease term, payment and late charges should also be stated in the document. The mode and method for each must be stated.
- The security deposit that is to be made should be mentioned in the garage rental agreement. The garage owner is liable to return this deposit at the end of the lease term.
- The terms and conditions of usage of the garage space should be furnished in the document. If a situation arises where the leaser fails to follow any of the terms, the owner will be forced to take certain legal steps.
- In case of property damage, the leaser is subject to pay for all the losses that was incurred by the garage owner.
- The document also emphasizes the legal limitations of the leaser where he cannot sublease the property to anyone else. The leaser also cannot use the premise for anything else other than the intent mentioned(1) at the beginning of the document.
- This will be used as a future record and hence must be formulated in an easy and understandable language.