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A Maine residential lease agreement is used for Landlords and Tenants in establishing a rental lease contract for the use of residential rental property. The Tenant has the right to occupy the rental unit in exchange for paying a monthly rent to the Landlord.
By Type
Most Recent US Home Facts
- Population (2023): 334,914,895
- Median Households (2022): 125,736,353
- Median Household Income (2022): $75,149
- Owner-occupied Households (2022): 64.8%
Source: U.S. Census Bureau
Maine Lease Agreement Form Must Include the Following
Required Disclosures (8)
- Bedbugs Infestation Disclosure
- Electricity to Common Areas
- Energy Efficiency Disclosure
- Lead-Based Paint Disclosure Form
- Radon Disclosure Form
- Rental Housing Rights Disclosure Form
- Security Deposit Location
- Smoking Policy
Security Deposit
Maximum Amount – maximum amount of two months’ rent at the onset of a tenancy.
Returning – Landlords must return the funds within a certain time-frame, depending on the type of lease agreement. For a fixed lease, the landlord must return the funds within 30 days and for a month-to-month lease the funds must be returned within a period of 21 days.
Paying Rent
Late Fee – According to the statutes of Maine, landlords are not permitted to impose a late fee or initiate eviction proceedings until the conclusion of the fifteen-day grace period, as stipulated under § 6028(1).
Notice to Quit – In the event that a tenant fails to make rent payment within the agreed grace period, it would be appropriate for the landlord to issue a formal notice to vacate the premises within a period of seven days, 7-day notice to quit.
Maximum – the maximum penalty for late rent payment is 4% of monthly rent and must be included in the lease agreement.
NSF Fee – Landlords have the right to charge a fee of 12% of the rent amount in the event of a bounced check.
Source: § 6028(1)