If you`re a landlord or tenant in California, you may have heard of the California Association of Realtors Residential Lease Agreement 12/19. This lease agreement is widely used because it provides both parties with clear and concise terms for the rental of a residential property.
One of the most notable aspects of this lease agreement is that it is updated regularly to ensure that it complies with the latest California laws and regulations. The current version, 12/19, was released in December 2019 and is the most up-to-date version available.
Some important features of the California Association of Realtors Residential Lease Agreement 12/19 include:
– Clear and detailed terms for rent amount, due date, and late fees
– Guidelines for security deposits and their return
– Restrictions on tenants` use of the property (e.g. no smoking or pets allowed)
– Responsibility for maintenance and repairs
– Details on how to terminate the lease agreement
One benefit of using this lease agreement is that it is standardized and widely recognized in California. This means that both landlords and tenants can feel confident that they are using a legally sound contract that is widely accepted and understood.
Additionally, the California Association of Realtors Residential Lease Agreement 12/19 is designed to be flexible enough to accommodate a wide range of rental situations. For example, it can be used for unfurnished or furnished properties, and it includes provisions for both month-to-month and fixed-term leases.
Another advantage of this lease agreement is that it is available in both English and Spanish. This helps to ensure that all parties involved in the rental process can fully understand the terms of the agreement.
In conclusion, the California Association of Realtors Residential Lease Agreement 12/19 is a useful tool for landlords and tenants in California. It provides clear and concise terms for the rental of a residential property and is regularly updated to comply with the latest laws and regulations. By using this standardized lease agreement, both parties can have confidence that they are entering into a legally sound contract that is widely recognized and understood.
