Tenant's Intent to Accept Lifetime Lease
Overview of this form
The Tenant's Intent to Accept Lifetime Lease form is a legal document that certifies a tenant's intention to accept a lifetime lease for a specific rental unit. This form is used primarily by individuals aged 62 or older who wish to enter into a life lease, which allows them to live in the property for their lifetime or a specified term, while contributing to maintenance costs through monthly rent. Unlike traditional rental agreements, a life lease provides a sense of ownership and community living without the responsibilities associated with homeownership.
Common use cases
This form should be used when a qualifying tenant wishes to secure a lifetime lease for a rental unit in a life lease community. Ideal scenarios include elderly individuals seeking a stable living arrangement with community amenities, or residents looking to formally accept and document their rights under a life lease agreement as part of a condominium conversion. It is essential to file this form when applying for or transitioning to a life lease to ensure legal recognition of the tenant's rights.
Who this form is for
This form is intended for:
- Older adults aged 62 years or older seeking a lifetime lease.
- Individuals moving into a life lease community.
- Residents of condominiums undergoing conversion to life lease arrangements.
How to complete this form
- Identify yourself as the tenant, including your name and unit number.
- Specify the full name of the condominium and the complete address.
- Confirm your age as 62 years or older at the time of filing.
- Review the relevant section of the Subdivision Code printed on the reverse side of the form.
- Sign and date the form, and ensure it is witnessed as required by your jurisdiction.
Is notarization required?
This form must be notarized to be legally valid. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to verify age eligibility before completing the form.
- Not reviewing the relevant Subdivision Code section thoroughly.
- Omitting necessary signatures or dates.
- Using outdated version of the form that does not comply with current laws.
Advantages of online completion
- Convenience of completing the form from home, eliminating the need for in-person visits.
- Editable templates allow for easy customization to fit individual circumstances.
- Access to reliable, attorney-drafted forms ensures legal accuracy and compliance.
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FAQ
A life lease can be for the life of the tenant, for a specific term (e.g. 50 years), and some have no specified termination date. Under a life lease, a tenant pays an entrance fee for a rental unit. The tenant also pays rent each month to cover maintenance and other expenses.
Dear (Name of landlord or manager), This letter constitutes my written (number of days' notice that you need to give based on your lease agreement)-day notice that I will be moving out of my apartment on (date), the end of my current lease. I am leaving because (new job, rent increase, etc.)
Today's Date. Landlord's Name. Property Address and Unit Number. State Your Desire to Move Out of the Apartment. Include Desired Move-Out Date. That You Expect the Return of Your Security Deposit Under State Law. A Forwarding Address Where Your Security Deposit Can Be Sent.
Yes. All owners do not need to sign. One owner can represent all the owners, just as a property manager represents the owner of the apartment complex or the property owners. The only time all owners would need to sign is if they were selling the property.
Your name and address. Your Landlord's name and address. The date your notice period ends. A forwarding address. A request for tenancy documentation such as the tenancy agreement or deposit details. A reason for a request to terminate the tenancy early (if applicable)
Yes, someone can live with the tenant without being on the lease.
Your tenancy is your home, so you're allowed to have other people live with you. You should let your landlord know if someone is going to be moving into your home, but you don't need permission.If you want to add a person to your tenancy, you need your landlord's permission.
Dear (Name of landlord or property manager), My name is (Your name) and I have a keen interest in renting the apartment you have available at (Property name or address). I currently live at (Your current address) and have lived there for (XX) years.
Step 1: Obtain a Written Request. Invite the tenant to submit in writing the request to add another person to the lease. Step 2: Check the Property's Occupancy Limit. Step 3: Acquire a Completed Rental Application. Step 4: Make a Decision. Step 5: Review the Details With the Tenants.
