Types of Lease Agreements in California
If you have always thought that there is only one type of lease contract in California that fits all cases, you should know it is not true. While there is a simple one-page document that can be used in any rental case, still, many people prefer to fill out more complex templates and sign longer forms with all the conditions and terms.
So, here are the most popular lease agreement types in the state of California:
- Simple (One-page) Lease Agreement
This is the most straightforward version of the rental contract. It takes literally one page and has some mandatory details about the deal: parties’ names, lease type, payment terms, and signatures.
- Month-to-Month Rental Agreement
In this contract, you will not state the date when the contract will expire. It is signed for an unlimited term. If one of the parties wants to cancel the agreement, they have to notify another party one month (if the tenant has lived at the premises for less than one year) or two months (if the living period is over a year) before.
The parties choose this type of agreement if there is an option for a lessee to purchase the rented space. The contract also states a certain period when the lessee may buy the place.
The sublease contract is used by lessees who wish to rent a part of the premises to someone else. Such deals must occur only after the lessor confirms that they do not mind if the lessee subleases a room or two.
If the house or apartment in question has more than one room and every room is rented by different lessees, it is a smart move to use the room rental contract template. Such a document will contain all the necessary details about each tenant and will presume every tenant as a separate party of the deal.
- Commercial Lease Agreement
Besides residential premises, it is also possible to lease commercial spaces that fit an office or a shop, for example. For such cases, lessors and lessees use a special template for commercial leases.
Regardless of the lease contract type you choose for your deal, keep in mind that there are mandatory things you have to include in every lease agreement:
- Parties’ names and contact info
- The rented premises address
- Rent conditions
- The termination date (unless you use the month-to-month template)
- Parties’ signatures.