When it comes to leasing a property, it`s important to ensure that both the landlord and tenant are on the same page regarding the terms and conditions of the lease agreement. This is where the recitals section of the lease agreement comes in handy.
Recitals are the introductory clauses of a legal document that provide context and background information. In a lease agreement, the recitals section typically includes details about the landlord, tenant, and property being leased. It may also include information about the purpose of the lease and any relevant laws or regulations.
When drafting a recitals section for a lease agreement, it`s important to consider the following:
1. Specify the parties involved: The recitals section should identify the landlord and tenant by name, as well as any other parties involved in the lease agreement, such as co-signers or guarantors.
2. Describe the property: The recitals should provide a description of the property being leased, including its address and any relevant details, such as the number of bedrooms, bathrooms, or square footage.
3. Outline the purpose of the lease: The recitals should explain why the property is being leased, such as for residential or commercial purposes.
4. Reference any applicable laws or regulations: If there are any relevant laws or regulations that apply to the lease, they should be referenced in the recitals section.
5. Clarify any other important details: The recitals section is also a good place to include any other important details about the lease agreement, such as the duration of the lease, the amount of rent, and any security deposits or fees required.
By including a clear and concise recitals section in a lease agreement, both the landlord and tenant can ensure that they are on the same page regarding the terms and conditions of the lease. This can help prevent misunderstandings or disputes down the road and ensure a successful leasing experience for all parties involved.
