While it's possible to have a lease with a $0 rent amount, there are several factors that can affect the validity of a lease.
Templates for lease agreements are widely available online; however, it is important to know how to write a lease agreement and what information must be included. Even if you decide to draft your own lease agreement, it is good practice to have it reviewed by an experienced attorney before executing.
Can you write your own tenancy agreement? Certainly. Unless you're an attorney, or have an attorney review it, you probably shouldn't, But you certainly can. If you fail to follow your state/local laws to-the-letter, the agreement may be invalid.
9 Ways to Get Approved With No Rental History Increasing The Security Deposit. Show Proof of Income. Provide Proof of Employment. Consider Renting with a Roommate. Collect References. Get a Cosigner. Get a Guarantor. Show Proof of Regular Payments.
Here's a list of standard fields that you should include in your lease agreement: Tenant information. Include each tenant's full name and contact information. Rental property description. Security deposit. Monthly rent amount. Utilities. Lease term. Policies. Late fees.
Handwritten contracts are legally binding if they meet the necessary conditions that apply to all contracts: mutual agreement, capacity, consideration, and legal validity. There are no legal differences between typed and handwritten agreements when it comes to enforceability.
Yes, you can create your own lease agreement without the assistance of a lawyer or other professional.
You should be fine getting a lease even with a score in the 600's. You'll get lower payments with a score in the 700's.