The Wisconsin Standard Lease Agreement customizes a real estate rental contract’s terms and conditions to the user’s specified need(s). The form allows the lessee and lessor to authenticate and organize the agreements’ facts to provide a legally binding commitment. When making plans to lease a residential dwelling, it is common practice to offer the arrangement to initiate negotiation to come to a mutual understanding. Once the landlord and tenant have agreed upon the exchange’s stipulated provisions, the form can be filled out to reflect the discussed accord. The filing testifies to the facts of the involved participants (lessee, lessor, managing agents), the rental rate, the lease period, and required deposits. Regulations covering protocol for both the owner and occupants are listed and any state-enforced legislation on landlord-tenant law.
Rental Application – Initial vetting of a prospective lessee is a critical aspect of the renting process for real estate. To protect the domicile owner, it is customary to run a background check on a possible renter to ensure a tenant with desirable credentials. The application will help assess the individual’s current income and rental history to move forward with the transaction with as much information as possible before commitment.