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US Lease Agreement Service for Non-Resident

Let us draft and negotiate lease agreements on your behalf, which will put you in a much more favorable position when you take occupancy of your commercial space.

What is a Lease Agreement, and Why is it important?

A lease agreement is a contract between a landlord and a tenant in which the tenant agrees to rent a property from the landlord for a specified period of time.

The agreement typically contains provisions regarding the payment of rent, the length of the lease, and the rights and responsibilities of both parties. Lease agreements are important because they provide certainty and stability for both landlords and tenants.

These agreements are crucial as they safeguard all parties involved throughout the duration of the lease. All parties can make modifications to the agreement before signing it.

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Favorable Terms and Conditions

The lease agreement must ensure that the names and signatures of everyone who lives on the property are mentioned. If so, everyone will be responsible for the lease agreement.

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How Lease Agreement Works?

A lease is a legal document that sets out the terms of an agreement between a property owner and someone who will be occupying it for business or residential purposes. A typical lease includes certain clauses which are standardized, including:

  • The length of the leasing agreement
  • Monthly or yearly rental payments
  • Procedures for collecting these payments
  • Penalties for late or missed rent payment deadlines; although this will depend on state regulations based on where the lessee resides.

As well, lessees must adhere to their obligations while renting the property from lessors, such as not using it commercially without permission nor damaging any part of said property during their stay (for example – by painting over walls). For every incident like this, there are penalties set in place to ensure consistency and fairness when dealing with people's money.

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Important Elements to Include in a Lease Agreement

Contact information

Provide information on the landlord and all adults who will live on the property.

Lease specifics

Mention the type of lease and different lease specifics, such as the length of the leasing agreement.

Property details

Mention property details as many as you can. They work like unique identifiers.

Rental payments

Describe all the details about the payment. For instance, when the lessee will make payment, penalties for late or payments, etc.

Terms of use

List all the terms that any party shouldn't violate. For example, the liability of both parties if any illegal acts are committed.

Utilities and Maintenance

Mention who will pay the utility bills and who will be responsible for repairs and maintenance.

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Lease Agreement

A Lease Agreement is a contract used when renting property to or from another individual or company.

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Frequently Asked Question

A lease agreement is a deal between a landlord and a tenant. It permits the tenant to rent the property. Keeping this in mind, writing your own lease agreement is possible if your landlord is trustworthy. But there are many rules to adhere to. You have to ensure that the lease does not hold any illegal clauses. The agreement must also state that the rest is still in effect if any condition is illegal. Once you have written your lease, it is advised to get it checked by an expert. They will be able to find any illegal or unenforceable condition stated that could lead to legal issues.

Yes, you can have a verbal lease agreement. These are legal in states like California and Florida, but there should be a way to prove that there is an oral agreement. Only then is it valid. In some situations, a verbal agreement would be invalid; one party has mental incapacity, is under eighteen, or is the offer illegal. But in terms of safety, it is less safe than a written one. Having a written agreement is the only way you can avoid disputes.

A lease agreement must be kept for a minimum of six to seven years after one has vacated the property. The reason is that disputes with tenants or the IRS can occur many years after a lease ends. It is always best to be prepared. If the IRS suspects you have not correctly reported your income, they can challenge your tax returns. Also, a tenant from the past could file a lawsuit for violating the lease. In these cases, having proof of the lease agreement will be essential in court. When discarding old agreements, always shred them so no one can access your financial information.

Termination of a lease can occur through its conditions, expiry, or non-performance, often following a legal procedure. If your lease doesn't mention early termination, it's still possible for you and your landlord to mutually agree to cancel the agreement at any time, regardless of the reason. .

Generally, it costs $400 to $650. It varies from state to state. .

A rent agreement indicates a short-term agreement on the property between the owner and tenant. In accordance with this agreement, the tenant makes a payment to use the property, which is owned by the owner. As opposed, a lease agreement is an agreement between two people or parties where one of them allows the other to use the immovable asset or property for a period. Sometimes leasing and renting may seem the same, but these are different contractual agreements. .

In a lease agreement, the following should be included:
  • Tenant names
  • Occupancy limits
  • Tenancy duration
  • Rent amount
  • Deposits and fees
  • Maintenance and repairs
  • Rental property access
  • Prohibitions on illegal activities by tenants
  • Pet Policy
  • Additional restrictions