This contract is to lease a building from property owner to Tenant. This contract includes lease terms that are compliant with state statutory law. Tenant must abide by terms of the lease and its conditions as agreed.
Alabama Residential Lease Agreement Form 401
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How to fill out Alabama Residential Lease Agreement Form 401?
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An Early Termination ClauseThe clause enables tenants to break their lease early in exchange for a penalty fee. The fee is usually equal to the rent of 2 months. You may also require a tenant to provide you notice prior to breaking their lease, such as 30 days.
The tenancy agreement is a contract between you and your landlord. It may be written or verbal. The tenancy agreement gives certain rights to both you and your landlord.
No, lease agreements do not need to be notarized in Alabama. The landlord and tenant can agree to have the lease notarized if they prefer, but it does not affect the legality of the lease.
In Alabama, the maximum duration of a standard residential lease agreement is one (1) year. However, a lease can be longer if the exact duration of the tenancy is specified in the lease and agreed upon by both landlord and tenant.
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The Alabama Rental Lease is a legal document binding a landlord and a tenant. Download an official Alabama residential lease agreement template.FORM 401 – Re si dent ia l Lease – Long Ver si on. Last Updated: 12-11-2006. 1.