Free lease agreement template: the terms worked
- Due at signing (prorated month plus deposit)
- $3,060
- Prorated first month
- $1,260
- Security deposit
- $1,800
- Total lease value over the term
- $21,600
Every figure on this page is computed from the inputs entered, by the method stated below it. Termslane publishes no rent, no rate, no share and no state rule beyond the sources it cites: the deposit, the notice period, the capital and the fee are yours, and the defaults are a worked example to replace with your own figures.
The figures above start from a worked example ($3,060). Change any input and the answer updates as you type.
Download the Free lease agreement template: the terms worked worked example (CSV)
This is a free lease agreement template worksheet that works the figures a lease has to state before the clauses are filled in. The monthly rent times the days from the start date to the end of the month, over the days in the month, is the prorated first month; the rent times the deposit in months is the deposit; the two together are the money due at signing; the rent times the term is the total lease value; the late fee is the rent times the late percentage; and the notice date is the term in days less the notice period. Every figure is yours: the worksheet publishes no rent, no deposit rule and no state law. Free, on the page, no account; the paid plan keeps the lease against the tenant and generates the document from these terms.
Prorated: the first month, from the start date
$1,800 a month starting on the tenth of a thirty-day month is 21 days of occupancy, and 21 over 30 of $1,800 is $1,260 for the first month. Enter the day the tenancy starts and the days in that month; the worksheet works the proration by days, which is the method most leases state and the one a tenant can check on a calendar.
Due at signing: proration plus the deposit
One month's deposit on $1,800 is $1,800, and with the $1,260 prorated first month the tenant brings $3,060 to signing. The deposit in months is your figure, and some states cap it; the worksheet applies the number you enter and cites no cap, because the cap is the state's to state and the lease's to obey.
The term, the late fee and the notice date
Twelve months at $1,800 is a $21,600 lease. A 5% late fee is $90 after the grace days you set. Sixty days' notice before the end of a twelve-month term falls 305 days after the start, and that is the date the lease should name, because a notice clause without a date is a renewal by accident. Termslane Pro keeps the lease, the tenant and that date on one record.
Free lease agreement template: the terms worked: common questions
Is this a free lease agreement template?
It is the free worksheet that works the lease's figures: the prorated first month, the money due at signing, the total lease value, the late fee and the notice date, from your own rent, deposit, term and dates, with no account. Termslane Pro generates the lease document from those terms and keeps it against the tenant.
How is the prorated rent calculated?
Rent times the days from the start date to the end of the month, over the days in that month. On the worked example, 21 of 30 days of $1,800 is $1,260. Enter your own start day and the month's length and the worksheet does the same arithmetic.
Does the worksheet know my state's deposit limit or notice rule?
No, deliberately. It applies the deposit months, late fee and notice period you enter and publishes no state rule. Check your state's limits and write the lease to obey them; the worksheet makes the figures exact once you have.