ContractsCounsel Logo

Residential Lease Agreement Cost

Clients Rate Lawyers on our Platform 4.9/5 Stars
based on 7,494 reviews
Home Blog Residential Lease Agreement Cost

Jump to Section

Need help with a Residential Real Estate Lease?

Create a free project posting

What does a residential lease agreement cost? Landlords who own and rent residential properties like houses or apartments often ask this question. So let’s explore this question and review some general information about residential lease agreements and how they work.

How Much Does a Residential Lease Agreement Cost?

A residential lease agreement is a legally binding contract between a landlord who owns a residential property and a tenant who rents the property.

Unlike a commercial lease used to rent a property for business purposes, a residential lease is most commonly used for living spaces. Residential leases often cover rentals like:

  • Houses
  • Apartments
  • Condos
  • Single room within a house

A residential lease agreement is an important document for both the landlord and the tenant because it defines the rights and responsibilities of each party and protects them from liabilities.

A well-drafted lease agreement will help facilitate a successful relationship between the landlord and the tenant and avoid disputes or misunderstandings.

The landlord typically drafts lease agreements, and many landlords choose to hire an attorney to complete this task. Real estate lawyers will know what provisions should be included in the residential lease. In addition, they will ensure that the contract follows all state and local laws regarding residential lease agreements.

Based on ContractsCounsel’s marketplace data, the average cost of a project involving a residential lease agreement is $431.43.

What’s Included in a Residential Lease Agreement?

Residential lease agreements are often negotiated so that both the landlord’s and the tenant’s interests and needs are met. As a result, these contracts are highly customizable. They will vary based on property type and the parties executing the agreement.

At a minimum, residential lease agreements should always include the following basic provisions:

  • Party Information. The names and addresses of the landlord and the tenant and anyone who plans on living at the residence with the tenant.
  • Property description. The property description includes the property address, square footage, amenities, and features. Many residential leases will also include information about parking.
  • Rental price. The tenant must pay the landlord the monthly rate for the use of the property. The rental price is calculated by the property's square footage, geographic location, and available amenities.
  • Lease duration. Residential lease agreements must specify the lease length and whether there is an option to renew when the time expires. Residential leases are typical one-year leases but can also be six-month, seasonal, or month-to-month.
  • Deposits. Most landlords require tenants to sign a security deposit agreement. A security deposit can be returned at the end of the lease if no money is owed. Some landlords require the first and last month’s rent before a tenant can move in. All terms surrounding deposits should be included in the lease.
  • Utilities. Utilities often include electric, water, gas, cable, and internet. The lease agreement should clearly state who is responsible for paying these fees. Some landlords charge a higher base rate monthly rent and include utilities. In contrast, others expect the tenant to pay the bills independently.
  • Pet policy. Whether or not pets are allowed at the rental and, if so, how many and what kinds of breeds.
  • Guest policy. Many residential lease agreements will include a guest policy to ensure people aren’t living at the rental, which isn’t on the lease agreement. It is common for residential leases to allow the tenant to have guests stay over up to 7 or 14 days.

Additional terms and conditions can be added to any residential lease. An attorney with experience drafting leases will know what terms and conditions should be added for a particular rental property.

Meet some lawyers on our platform

Morgan S.

6 projects on CC
View Profile

Brian R.

1 project on CC
View Profile

Scott S.

41 projects on CC
View Profile

Emmanuel K.

1 project on CC
View Profile

Examples of Residential Lease Agreement Projects

Residential Lease Agreement Drafting Services

It is recommended that a landlord hires a real estate lawyer to draft their residential lease agreement. Hiring a lawyer to draft the agreement is the only way to avoid mistakes or missing clauses that could open a landlord to legal and financial liability.

An attorney with experience drafting residential lease agreements will know which clauses must be included to protect the landlord’s property and avoid disputes.

When drafting a lease agreement, a lawyer will consult with the landlord to learn about the property and what conditions the landlord wants to include in the lease. Then, the lawyer will draft a lease that the landlord can use with their tenant.

Residential Lease Agreement Review Services

When a tenant signs a residential lease agreement, they are bound to the terms of the contract. Therefore, they could face large financial penalties for breaking a lease without good cause. For this reason, a tenant may want to hire their attorney to review the lease agreement before they agree to sign.

A tenant’s lawyer will review the lease in the tenant’s best interests. The lawyer can negotiate on the tenant’s behalf to ensure that all terms and conditions are fair and legal.

Residential Lease Agreement Drafting Cost

Residential lease agreement drafting costs can vary based on the length, complexity, and how many custom terms need to be included in the agreement.

ContractsCounsel’s marketplace data shows that the average residential lease agreement drafting costs are $431.43 across all states.

Residential Lease Agreement Review Cost

When tenants hire an attorney to review a residential lease agreement, they will be responsible for their legal fees. In addition, the lawyer will charge for their time reviewing the contract, suggesting edits, negotiating, and meetings.

ContractsCounsel’s marketplace data shows that the average residential lease agreement review costs are $431.43 across all states and industries.

How Do Lawyers Charge for Residential Lease Agreements?

Hourly Rates for Residential Lease Agreements

Real estate lawyers often charge their clients an hourly rate for legal services. Under an hourly rate fee structure, the lawyer will provide a client with their hourly rate and then bill the client for the number of hours spent working on their project.

The marketplace data for ContractsCounsel shows that the average hourly rate for a real estate lawyer ranges from $150 - $300 per hour.

Flat Fee Rates for Residential Lease Agreements

A flat fee rate fee is a more straightforward way to bill clients. It is becoming more popular when a lawyer is hired for a single task like drafting a residential lease agreement. When using a flat rate fee, the lawyer quotes one price for all legal services associated with the case or project.

Clients should be sure they understand what services are included in the flat rate fee. Additional legal expenses may be incurred if the residential lease agreement requires revisions or negotiations.

ContractsCounsel's marketplace data shows that the average flat fee rate for a residential lease agreement is $431.43.

Get Help with a Residential Lease Agreement

Do you need help with a residential lease agreement project? If so, post a project in ContractsCounsel’s marketplace to receive flat fee bids from real estate lawyers to handle your project. All lawyers on the ContractsCounsel’s platform are vetted by our team to make sure you are provided with top tier service.

Need help with a
Residential Real Estate Lease?

Create a free project posting

Meet some of our Lawyers

Jeremiah C. on ContractsCounsel
View Jeremiah
5.0 (31)
Member Since:
March 5, 2021

Jeremiah C.

Partner/Attorney at Law
Free Consultation
15 Yrs Experience
Licensed in NV, TX
Thomas Jefferson

Creative, results driven business & technology executive with 24 years of experience (15+ as a business/corporate lawyer). A problem solver with a passion for business, technology, and law. I bring a thorough understanding of the intersection of the law and business needs to any endeavor, having founded multiple startups myself with successful exits. I provide professional business and legal consulting. Throughout my career I've represented a number large corporations (including some of the top Fortune 500 companies) but the vast majority of my clients these days are startups and small businesses. Having represented hundreds of successful crowdfunded startups, I'm one of the most well known attorneys for startups seeking CF funds. I hold a Juris Doctor degree with a focus on Business/Corporate Law, a Master of Business Administration degree in Entrepreneurship, A Master of Education degree and dual Bachelor of Science degrees. I look forward to working with any parties that have a need for my skill sets.

Ryenne S. on ContractsCounsel
View Ryenne
4.9 (253)
Member Since:
October 11, 2022

Ryenne S.

Principal Attorney
Free Consultation
Chicago, IL
13 Yrs Experience
Licensed in IL
DePaul University College of Law

My name is Ryenne Shaw and I help business owners build businesses that operate as assets instead of liabilities, increase in value over time and build wealth. My areas of expertise include corporate formation and business structure, contract law, employment/labor law, business risk and compliance and intellectual property. I also serve as outside general counsel to several businesses across various industries nationally. I spent most of my early legal career assisting C.E.O.s, General Counsel, and in-house legal counsel of both large and smaller corporations in minimizing liability, protecting business assets and maximizing profits. While working with many of these entities, I realized that smaller entities are often underserved. I saw that smaller business owners weren’t receiving the same level of legal support larger corporations relied upon to grow and sustain. I knew this was a major contributor to the ceiling that most small businesses hit before they’ve even scratched the surface of their potential. And I knew at that moment that all of this lack of knowledge and support was creating a huge wealth gap. After over ten years of legal experience, I started my law firm to provide the legal support small to mid-sized business owners and entrepreneurs need to grow and protect their brands, businesses, and assets. I have a passion for helping small to mid-sized businesses and startups grow into wealth-building assets by leveraging the same legal strategies large corporations have used for years to create real wealth. I enjoy connecting with my clients, learning about their visions and identifying ways to protect and maximize the reach, value and impact of their businesses. I am a strong legal writer with extensive litigation experience, including both federal and state (and administratively), which brings another element to every contract I prepare and the overall counsel and value I provide. Some of my recent projects include: - Negotiating & Drafting Commercial Lease Agreements - Drafting Trademark Licensing Agreements - Drafting Ambassador and Influencer Agreements - Drafting Collaboration Agreements - Drafting Service Agreements for service-providers, coaches and consultants - Drafting Master Service Agreements and SOWs - Drafting Terms of Service and Privacy Policies - Preparing policies and procedures for businesses in highly regulated industries - Drafting Employee Handbooks, Standard Operations and Procedures (SOPs) manuals, employment agreements - Creating Employer-employee infrastructure to ensure business compliance with employment and labor laws - Drafting Independent Contractor Agreements and Non-Disclosure/Non-Competition/Non-Solicitation Agreements - Conducting Federal Trademark Searches and filing trademark applications - Preparing Trademark Opinion Letters after conducting appropriate legal research - Drafting Letters of Opinion for Small Business Loans - Drafting and Responding to Cease and Desist Letters I service clients throughout the United States across a broad range of industries.

Jane C. on ContractsCounsel
View Jane
4.9 (72)
Member Since:
October 9, 2020

Jane C.

Free Consultation
New York
18 Yrs Experience
Licensed in CT, DC, NY
Pace University School of Law

Skilled in the details of complex corporate transactions, I have 15 years experience working with entrepreneurs and businesses to plan and grow for the future. Clients trust me because of the practical guided advice I provide. No deal is too small or complex for me to handle.

Chia-Fen Y. on ContractsCounsel
View Chia-Fen
4.9 (3)
Member Since:
November 16, 2021

Chia-Fen Y.

Free Consultation
Fullerton, CA
9 Yrs Experience
Licensed in CA
University of California, Davis

Attorney Yu represents clients in business and real estate transactions and has successfully handled more than 200 cases. She has experience in corporate law, including forming legal entities, employment law and workers’ compensation law matters pertaining to wage and hour violations, industrial injuries, misclassifications, and other employment-related torts and contracts. Attorney Yu works with employers to address employee relationship issues, develop effective policies and craft employment agreements. Attorney Yu regularly advises clients on the legal and business aspects of potential investments, ongoing business operations, debt collections, shareholders and partners disputes, business purchase agreements, risk assessment, intellectual property disputes, and potential contract disputes. She regularly handles real estate law matters such as landlord-tenant disputes, lease agreements, buy-sell disputes, title disputes, and construction disputes. She also has substantial experience settling debts, and she drafts, reviews and negotiates settlement agreements. Attorney Yu conducts extensive legal research and provides on-point legal advice to both corporate and individual clients.

Natalie A. on ContractsCounsel
View Natalie
Member Since:
November 13, 2021

Natalie A.

Commercial Counsel
Free Consultation
Montreal, Quebec, Canada
17 Yrs Experience
Licensed in AK
Université de Sherbrooke, Sherbrooke, Quebec - LLB Civil Law

I am an experienced in house counsel and have worked in the pharmaceutical, consumer goods and restaurant industry. I have experience with a variety of agreements, below is a non-exhaustive list of types of agreements I can help with: Supply Agreements Distribution Agreements Manufacture Agreements Service Agreements Employment Agreements Consulting Agreements Commercial and residential lease agreements Non-compete Agreements Confidentiality and Non-Disclosure Agreements Demand Letters Termination notice Notice of breach of contract My experience as in house counsel has exposed me to a wide variety of commercial matters for which I can provide consulting and assistance on. I have advised US, Canadian and International entities on cross-functional matters and have guided them when they are in different countries and jurisdictions as their counterparties. I can provide assistance early on in a business discussion to help guide you and make sure you ask the right questions even before the commercial agreement needs to be negotiated, but if you are ready to put a contract in place I can most definitely help with that too.

Jeff C. on ContractsCounsel
View Jeff
Member Since:
November 16, 2021

Jeff C.

Free Consultation
Denver, Colorado
37 Yrs Experience
Licensed in CO
Creighton University

Jeff Colerick has been practicing law for over 30 years and has devoted his professional career to providing clients with intelligent representation and personal care. His experience as a lawyer involving complex matters has resulted in a long history of success. Jeff has built a practice based on a deep understanding of real estate assets and corporate activities. He combines his industry knowledge with a practical and collaborative approach to problem solving. Jeff’s client relationships are strong because they are built on mutual respect. Jeff talks the language of real estate and understands that it is a vehicle to deliver your business strategy. Jeff provides practical, responsive, and strategic advice related to real estate acquisition, construction, leasing, and sale of a wide range of real property types, including office, retail, medical, industrial, industrial flex-space, mixed-use condominium, multifamily and hospitality. As leader of the Goodspeed Merrill real estate practice group, Jeff represents clients with commercial and residential transactions, purchases and sales, land acquisition and development, real estate investment and financing, financing liens and security interests, and commercial leasing and lease maintenance, including lease enforcement support and advice. The firm represents clients in matters concerning construction, lending, developers, contractors and subcontractors, cell site leasing, property and boundary disputes, common interest community law, and residential condominiums and planned communities.

Find the best lawyer for your project

Browse Lawyers Now
Learn About Contracts
See More Contracts
other helpful articles

Need help with a Residential Real Estate Lease?

Create a free project posting

Want to speak to someone?

Get in touch below and we will schedule a time to connect!

Request a call

Find lawyers and attorneys by city