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LEASE AGREEMENT THIS AGREEMENT OF LEASE is made and entered into this day of month×year. Between, individually and collectively referred to as Tenant and the , hereinafter referred to as Landlord.

How to fill out landlord tenant closing statement

How to fill out a landlord tenant closing statement:

1. Gather all necessary documents: Begin by collecting all relevant paperwork, including the lease agreement, any addendums or amendments, and any inspection reports. It is important to have all the necessary information before proceeding.
2. Review the lease agreement: Carefully go through the lease agreement to understand the terms and conditions agreed upon by both parties. This will help you identify any outstanding obligations or responsibilities that need to be addressed in the closing statement.
3. Document any issues: Inspect the property thoroughly and make note of any damages, repairs needed, or outstanding maintenance issues. Take photographs or videos to serve as evidence if necessary. It is crucial to document these issues to ensure a fair resolution during the closing statement process.
4. Calculate any outstanding balances: Determine if there are any unpaid rent, utility bills, or other charges that need to be settled. Review payment records and document any discrepancies or outstanding amounts.
5. Consider security deposits: If a security deposit was collected at the beginning of the tenancy, assess any deductions that may be applicable. Take into account any damages beyond normal wear and tear, unpaid rent, or outstanding bills that may be deducted from the security deposit.
6. Communicate with the tenant: Discuss the closing statement with the tenant and address any concerns or disagreements they may have. It is important to maintain open communication to reach a mutually satisfactory resolution.

Who needs a landlord tenant closing statement?

1. Landlords: Landlords use the closing statement as a means to settle financial matters with the tenant at the end of the lease agreement. It helps document any outstanding balances, damages, or deductions from the security deposit.
2. Tenants: Tenants also benefit from the closing statement as it provides transparency and ensures that both parties are held accountable for their respective obligations. It allows tenants to dispute any unfair charges or damages documented in the statement.

Overall, the landlord tenant closing statement serves as a final record of the financial and physical condition of the rental property. It is a crucial document that helps protect the rights and interests of both landlords and tenants.

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