The Louisiana Standard Lease Agreement dedicates a written account to document the specifics of a pledge to rent a residential unit. A typical lease of a home is most commonly for a year, and with a commitment on a long-term basis such as this, all obligations and promises must be accounted for in a valid contract. Incorporating finalized paperwork to the established responsibilities is beneficial to both the lessor and lessee to protect each party and hold them accountable to the sworn guarantees. The filing purveys information to solidify the specifics on the name of the owner(s) and tenants(s) and identify the particulars on the rental payment schedule, the term of the lease, and security deposit amounts. Execution of the document by all involved participants will create a legally binding accord upheld by the state of Louisiana.
Rental Application – The first step in the leasing process is to first run a background examination on any potential lessees. Screening an applicant helps to assure that tenant is in good standing concerning historical rental commitments and provides the landlord with a record of the individual’s qualification to lease the property.