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If you're thinking of renting out your property, or you're a tenant, and the current owner doesn't already have an agreement drawn up, it's possible to create your own rental contract.
Collect each party's information. Include specifics about your property. Consider all of the property's utilities and services. Know the terms of your lease. Set the monthly rent amount and due date. Calculate any additional fees. Determine a payment method. Consider your rights and obligations.
Names of all tenants. Limits on occupancy. Term of the tenancy. Rent. Deposits and fees. Repairs and maintenance. Entry to rental property. Restrictions on tenant illegal activity.
Mississippi is another landlord-friendly state, there's no limit for how much a landlord can charge for a security deposit, and landlords have 45 days to return the security deposit at the end of a tenancy.
Terms. The lease should state the length of the agreement. Rent. The amount of rent and when it is due. Deposits and fees. The names of all tenants. Occupancy limits. Restrictions on disruptive activity. Pets. Maintenance and repairs.
The lease agreement or contract offered by the landlord once the application has been approved is a legally binding document. It becomes legally binding once it is signed by the applicants and landlord.It also explains what items the landlord is responsible for and what the tenants are responsible for.
As long as the contract spells out specific details and both parties have signed that they agree to the contract's terms, a handwritten contract is legally binding and enforceable in court.
The short answer is yes. Handwritten contracts are slightly impractical when you could just type them up, but they are completely legal if written properly. In fact, they're even preferable to verbal contracts in many ways.
1Name the parties. A simple rental agreement form needs to name the parties signing the lease and where they live.2Describe the premises.3Define the term of the lease.4Set how much rent is owed.5Assign a security deposit amount.6Finalize the lease.