A Montana Standard One (1) Year Lease Agreement is a simple and straightforward example of a long term lease agreement. Unlike a Month to Month Lease, this kind of lease will run for a full year, and cannot be altered or terminated unless the lease is violated or a provision in the lease allows for an alteration.
While this kind of lease lacks a degree of flexibility, it can also provide both parties with a sense of security, knowing that the other party will not exit or alter the lease suddenly. Despite this, both parties should be sure before signing. The process of eviction can be long and expensive, with no guarantee of financial remuneration, and if the tenant is forced to end the lease early, they could be financially responsible for the rent until the landlord finds a new tenant. This is one of the reasons that the Rental Applation Form is suggested before signing this kind of lease.
- A Montana landlord is required to disclose the name and address of the property owner, manager and any person or persons authorized to act on their behalf in regards to the property.
- Federal law requires that a landlord disclose the presence of any lead paint based hazards on or around the property.