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What is a Key Release Form?

A key release form is a document used when someone (the principal) wants to allow another person to access a certain space or property. This document is used in a variety of situations, from rental properties to real estate transactions and more. The document outlines the details of the agreement and the responsibilities of both parties.

When is a Key Release Form Used?

A key release form is used when someone wants to grant someone else access to a property, such as a rental property, a home they own, or a business that they own. The document is used to ensure both parties are clear on the details of the agreement and that each understands their rights and responsibilities.

What Should be Included in a Key Release Form?

A key release form should include the name of the principal (the person granting access to the property) and the name of the person receiving the key. The document should also include the address of the property, the date the key was released, and the terms of the agreement. Additionally, the document should specify the length of time the key will be held by the other person and any other restrictions that may apply.

Benefits of a Key Release Form

A key release form can be beneficial for both parties involved. The principal can rest assured that the person receiving the key will only have access to the property for a certain period of time and that the key will be returned in a timely manner. Additionally, the person receiving the key can be sure that they will not be held responsible for any damage to the property.

Risks of Not Using a Key Release Form

If a key release form is not used, there may be a number of risks involved. For example, the principal may not be able to guarantee that the other person will only have access to the property for the agreed upon period of time. Additionally, the other person may not be held responsible for any damage to the property.

Sample Key Release Forms

Below are three sample key release forms that can be used to help create your own document.

Conclusion

A key release form is an important document to have when granting someone else access to a property. It outlines the details of the agreement and the responsibilities of both parties, and can help to protect both parties involved. If you need to create a key release form, sample forms can be used to help get started.