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Maine Standard Residential Lease Agreement

A Maine-standard residential lease agreement articulates an arrangement between a landlord and tenant for renting property. A typical standard lease pertains to a one-year period.
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Rental Application – Used by a landlord to verify a tenant’s financial circumstances.

Required Disclosures (8)

  1. Bedbug Disclosure – If the property or an adjacent property is being treated for bedbugs, prospective tenants must be made aware.[1]
  2. Electricity in Common Areas – The tenant has a right to know that they cannot be billed for electricity in common areas unless they agree to be for some kind of compensation specified in writing.[2]
  3. Energy Efficiency Disclosure – A form disclosing the property’s energy usage and energy efficiency levels must be given to a new tenant.[3]
  4. Lead-Based Paint Disclosure & EPA Pamphlet – If the property was built before 1978, the landlord must disclose to the tenant that the walls could contain lead-based paint.
  5. Radon Disclosure Form – Tenants must be made aware of the results of 10-yearly radon inspections.[4]
  6. Rental Housing Rights Disclosure Form (Portland ONLY) – Disclosures about tenants’ rights must be provided to new tenants of properties located in Portland.
  7. Security Deposit Location – Landlords who collect a security deposit must disclose to tenants the name of the bank and account where the funds are being held.[5]
  8. Smoking Policy – Details of the property’s smoking policy must be provided in writing to tenants.[6]

Security Deposit Laws

Maximum Amount – Two months’ rent.[7]

Returning – If a lease agreement is for a fixed term, the landlord must return a security deposit within 30 days of the tenant moving out. If the agreement is month-to-month, the landlord has 21 days to return any unused portion of the deposit.[8]

Rent Payment Laws

Grace Period – Fifteen days.[9]

Maximum Late Fee – A landlord may not charge more than 4% of the monthly rent as a penalty for late rent.[10]

NSF Fee – A landlord can charge 12% of the rent amount as a penalty for a bounced check.[11]