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The North Dakota Standard Lease Agreement complies with sufficient legal measures to record the terms and commitments associated with real property rental. This type of form is needed to verify the established promises granted by the involved parties and demonstrate the procedure of the understanding. When an individual shows the desire to enter into a contract to lease the property, negotiation of the lease provisions can begin. The resulting agreements can be denoted in the leasing arrangement’s blank spaces to be signed when all parties have reached an accord. Included in the document are specified clauses pertaining to:

Lessor’s Name(s)
Lessee’s Name(s)
Security Deposit
Rent
Lease Term
Late Rent Fees

Regulation and other permissions are further discussed in the verbiage of the paperwork, and allocated areas are provided to insert alternate provisions not included in the form.

Rental Application – Due diligence requires a renting owner to first evaluate a potential tenant’s history before signing a valid lease. The application provides space for the applicant to divulge their information for submission to gain tenancy. The data is used to run a background check to ensure the tenant can pay rent and does not show any past evictions or criminal charges.