Maine Standard Residential Lease Agreement

Maine`s rental application helps a property owner examine all tenants looking for commercial or residential space. The form allows the landlord to view the applicant`s financial references as well as all references related to their previous tenancy experience and current or previous employers. Depending on the rigor with which the landlord reviews their applicants, they may choose to conduct background checks, which can take up to three (3) days and usually cost a fee (the landlord/manager may . Leases in Maine are primarily used for owners and managers of commercial or residential real estate to enter into a contract between a person or entity that wishes to rent a space. Most contracts have a term of one (1) year, but the contract term and lease periods can be set at any value specified in the lease. For the agreement to be legally valid, it must contain the necessary disclosures (see below) and be signed by both parties. It is recommended that landlords and sub-owners review the background, creditworthiness and references of their potential tenants to ensure that the applicant is a good candidate to rent the property in question. The parties will review the contract and ensure that everyone adheres to the terms and that they accept the duties, rights and obligations to which they are related. This document covers, among other things, the amount of rent, the date of payment, the duration of the rental agreement, the amount of the deposit and return information, information about pets, services and utilities, as well as damages and liability. In Maine, for each lease where the tenant pays for utilities (directly or through the landlord), the landlord must provide an energy efficiency statement and disclosure of utility information or 12-month energy consumption history. BED BUGS. At the time of submitting this Agreement, the Landlord certifies: The Maine Residential Lease (“Lease”) may be used by landowners (“Landlords”) to agree with a tenant (“Tenant”) for the use of their property in exchange for rent payments.

Landlords often check a tenant`s loan to make sure they can pay the amount of rent. The Maine Standard Residential Lease Agreement is an official document that describes the conditions that the landlord and tenants adhere to with respect to renting an apartment, house, or room. Once the landlord and tenant(s) have signed the lease, the landlord requires a deposit from the tenant. This serves as a form of insurance for the duration of the lease that covers the cost of damage to the property, missed payments, and other expenses for which the tenant may be held liable. In Maine, according to § 6032, the landlord is limited to a maximum of two (2) months` rent. Example of a Landlord-Tenant Lease – This standard residential lease is provided by the Attorney General of Maine for reference and use. The second half of the document is a guide to entering into the residential lease for landlords and tenants. The Maine Commercial Lease can be used by landlords who wish to allow a commercial tenant to occupy their office, industrial space, or retail space. A commercial tenant can be an individual or a business unit, and the rental space is often equipped or prepared by the landlord to meet the operational needs of the business. There are three (3) main ways to structure this type of agreement: Gross – In the tenant`s agreement.

Applies to all rental agreements where the tenant is responsible for paying incidentals directly or through the landlord. Maine leases allow a landlord and tenant to agree on the use of residential or commercial space. The tenant can occupy the agreed space against a monthly payment to the owner. In Maine, when a document has been agreed, signed, and accepted to each party, the form becomes legally binding on both the landlord and tenant. A Maine standard residential lease is a lease entered into by a landlord and tenant to determine the terms of a residential tenancy. A lease is presented to a potential tenant after they have expressed an interest in renting the unit from the landlord. Return (§ 6033) – The landlord must return the money within thirty (30) days if it is a fixed lease and twenty-one (21) days if it is a monthly rent (unlimited rental). Return of deposits (§ 6033): It is very important that Maine owners have a clear understanding of their obligation to return deposits at the end of the lease.

If the Landlord does not return all (or part) of the deposit to which the Tenant is legally entitled within the time limit (30 days), the Tenant has the right to grant the Lessor a period of seven (7) days (at least) during which he declares that he will take legal action for the missing deposit. The owner has until the lawsuit to refund the deposit. If the deposit is not refunded and the owner is at fault, he must pay the double deposit that was originally due, as indicated in § 6034. Unfair Agreements Act (§ 6030): If an owner intends to modify the lease proposed on this website, he must ensure that any modification of the contract keeps the agreement fair to all parties. While some states don`t have rules that dictate how late or returned check fees can be assessed, Maine does so for late check fees. This means that you can dictate whether you charge these fees, however, the amount must be indicated in the rental agreement and the fees do not exceed the legal limits. In this case, the late fee cannot exceed 4% of the rent of one month and can only be charged with a rental period of at least 15 days. .