If you`re a daycare owner or manager, having a daycare lease agreement template can save you time and money. By having a standard lease agreement, you won`t need to hire an attorney to create a new contract every time you take on a new tenant. Plus, having a clear and concise agreement can help prevent misunderstandings and disputes with your tenants.

Here are some key elements to include in your daycare lease agreement template:

1. Parties involved: Start by including the names of the landlord and tenant(s), as well as their addresses.

2. Premises: Define the physical space being leased, including the address, square footage, and any common areas such as playgrounds or storage areas.

3. Term: Specify the lease term, including the start and end dates, and whether it will automatically renew.

4. Rent: Detail the amount of rent and when it`s due (e.g. weekly, monthly), as well as any late fees or penalties for non-payment.

5. Security deposit: State the amount of the security deposit, how it will be held (e.g. in an escrow account), and the conditions for its return.

6. Use of premises: Describe the permitted use of the leased space, including any restrictions on how it can be used and whether any modifications can be made to the property.

7. Maintenance and repairs: Include responsibilities for maintenance and repairs, such as who is responsible for repairs, what constitutes normal wear and tear, and how repairs will be carried out.

8. Termination: Outline the circumstances under which the landlord or tenant can terminate the lease, including notice periods and any penalties.

9. Insurance: State whether the tenant is required to carry liability insurance and if the landlord needs to be named as an additional insured.

10. Governing law: Lastly, include a section stating which state`s laws will govern the lease agreement.

By including these key elements in your daycare lease agreement template, you can help ensure a smooth and mutually beneficial tenant-landlord relationship. And, if you`re not confident in your ability to create a thorough agreement, don`t hesitate to consult with an attorney or experienced copy editor.