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The Rhode Island Standard Lease Agreement specifies in a written account the particular definitions relating to the releasing of property to an alternate individual for rental purposes. When entering into a long-term contractual obligation, it is highly recommended to designate a written instrument to record the commitments therein. The contract establishes the granted permissions and the required responsibilities that each of the parties are to be held for the agreement’s duration. Included in the paperwork are details listing the participating individuals’ names such as the lessor, lessee, and managing representatives if applicable. The document further institutes the mandatory rental payment amounts, due dates, security deposits, and late payment fees. The paragraphs of the form also serve to cover the rules of the residence and protocols for tenant/landlord relations for the duration of the leasing arrangement.

Rental Application – When renting out a property, it is common for a landlord to screen a potential tenant to ensure they can make the payments. The provided form allows the applicant to answer questions concerning identity and income and grants permissions required to run a background evaluation. The background check allows the owner to view the individual’s history regarding their credit score and past rental record.