How to Record a Statement of Agreement in a Rental Agreement & What Does it Mean
In real estate transactions, a statement of agreement between two parties, like a tenant and the landlord, becomes recorded and ratified once they sign the contract. The agreement of terms is the items both parties agree to abide by during the lease term. In other words, it's the statement of what they have both agreed to on each side of the transaction for the duration of the lease. Items in leases cover everything from monthly rent to late payment fees to repair information and other miscellaneous items. Recording a statement of agreement is a remarkably easy task.
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Instructions
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Review the lease agreement presented by the landlord. You can opt to have your contract reviewed by a real estate agent or attorney if you wish before signing. In the agreement, you will see items regarding rental payment, late fees, move-out notices and condition of the premises. Make sure you are in agreement with the terms as they stand. If not, you will need to take another step.
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Mark any items you disagree with. For example, if the landlord states he/she requires a 60-day move-out notice, but the state of residence only requires that you provide a 30-day move-out notice, cross out the 60-day term; change it to 30 days and initial by that term. This is also known as countering the assertion. At this point, the landlord will sign off on the statement or draft a new document with the appropriate changes.
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Initial, sign and date the entire contract once you and your landlord have agreed on terms. It may take several times verbally discussing terms before you reach an agreement. Remember, however, that the lease agreement is not a valid agreement unless both parties sign it. At the time both signatures are on the document, it is a ratified and a complete statement of agreement.
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References
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