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Montana Rental Lease Agreements | Laws

A Montana lease agreement is a contract that binds the owner of commercial or residential real estate and the tenant that will be renting the space. It guarantees payment from the lessee in exchange for the use of the lessor’s property.

A lease agreement does not provide any form of ownership (unless it is a lease with an option to purchase) but is used strictly to grant a party the authority to reside on, or conduct business from, the landlord’s real estate. The terms and conditions of renting including cost, duration, and termination date, will all be included in the document.

Rental application – A rental application is used to allow a landlord to gain background information on the applying tenants in order to ensure that they would be a viable candidate to lease the property in question.

Contents


Agreements: By Type (6)

Commercial Lease Agreement – Used to rent out commercial real estate for office space, manufacturing, medical centers, retail stores, and other commercial and industrial purposes.

Download: PDF, Word (.docx), OpenDocument

 


Rent-to-Own Agreement (Lease Option) – This lease enables the lessee to rent residential property for a period of time before purchasing the property (if they so choose).

Download: PDF

 


Month-to-Month Lease Agreement – Month-to-month tenancies have no set termination date and allow either party to cancel at any time by providing at least thirty (30) days’ notice.

Download: PDF

 


Roommate Agreement – Roommates can detail the rules of the household and the division of costs and responsibilities by using this roommate agreement.

Download: PDF, Word (.docx), OpenDocument

 



Sublease Agreement – A sublease provides a tenant with the ability to rent out all or a portion of the rental space to a sublessee for a predetermined period of time.

Download: PDF, Word (.docx), OpenDocument

 


Disclosures (5)

  1. Lead-Based Paint
  2. Methamphetamine
  3. Mold
  4. Names & Addresses
  5. Statement of Condition

1) Lead-Based Paint Disclosure

It must be disclosed in writing by landlords to prospective tenants that exposure to lead-based paint may be present in buildings constructed prior to 1978.

  • Download: PDF

2) Methamphetamine Disclosure

A notice must be provided to potential tenants if the property was used for the production of methamphetamine.

3) Mold Disclosure

The landlord must provide a mold disclosure containing a statutorily prescribed written statement and the landlord’s knowledge of the existence (or lack thereof) of mold on the premises.

4) Names and Addresses

At the beginning or before the commencement of a tenancy, the landlord is required to provide the name and address of any property manager as well as that of the owner or representative thereof who has the authority to receive notice and demands.

5) Statement of Condition

If the tenant has provided a security deposit, the landlord must furnish each tenant with a list that details the state of the premises at the beginning of the tenancy.


Landlord-Tenant Laws


Landlord’s Access

General Access (§ 70-24-312(3)) – A landlord is not legally allowed to enter the rental property without first providing twenty-four (24) hours’ notice.

Emergency Access (§ 70-24-312(2)) – In the case of an emergency, a landlord may access the premises at any point without the tenant’s consent.


Rent

Grace Period (§ 70-24-201(2)) – There is no statute that accounts for a rent grace period; rent is payable on the first of the month unless stated otherwise in the lease.

Maximum Fees ($) – No statute.

Rent Increase Notice – No statute.


Security Deposits

Maximum Amount ($) – No statute.

Returning to Tenant (§ 70-25-202) – If there were deductions to the security deposit, the landlord must list the deductions and return the remaining balance to the tenant within thirty (30) days of the lease termination. If there were no deductions or unpaid rent, the landlord has ten (10) days from the inspection of the premises to deliver the security deposit.

Interest Required? – No statute.

Separate Bank Account? – No statute.