PARTIES OF Rental Agreement
The parties to this rental agreement, collectively referred to as the “Parties,” are ________________, with an address of _______________ (hereinafter referred to as the “Renter”), and ________________, with an address of _______________ (hereinafter referred to as the “Landlord”). This rental agreement, herein referred to as the “Agreement,” was signed on _______________ (the “Effective Date”
CONSIDERATION
– To lease the Landlord’s property, the Renter thus agrees to pay the Landlord the sum of money specified in this Agreement.
TERM
– (Option 1) The Effective Date of this Agreement (hereafter referred to as the “Effective Date”) and the Termination Date of this Agreement are both .
– (Option 2) This Agreement won’t be automatically renewed for another term when its current one expires.
PREMISES, USE AND OCCUPANCY
– The property that the landlord will be renting out is situated at (address)________________ .
Only the registered inhabitants are permitted to occupy the space, which is only to be utilized for residential purposes.
COSTS AND PAYMENT
– The tenant must pay the landlord _______________ in rent each month.
The renter must pay it before the first of each month, therefore the first rent payment is due on .
–Both parties favor using the following mode of payment:__________________________ .
–The Landlord is allowed to charge a late fee in the event that the Renter makes payments that are late__________________________________________.
–The Landlord shall receive payment from the Renter in the amount of _______________ as a security deposit before the Renter moves in to cover the cost of any damages to the property and cleaning.
If the property is left in the same condition as when the lease began, the security deposit will be returned to the renter.
TERMINATION
– Any of the following events may result in the termination of this Agreement:
In the event that one of the Parties violates this Agreement, it will happen right away.
At any time by giving the other party _______________ days’ written notice before ending the Agreement.
GOVERNING LAW
-The laws will govern this Agreement and how it is interpreted ________________.
AMENDMENTS
– The Parties acknowledge and agree that this Agreement may be amended only in a writing signed by both of the Parties hereto.
– Any modifications made by the Parties shall therefore be incorporated into this Agreement.
SIGNATURE AND DATE
– The following signatures from the Parties show that they have read and agree to the terms and conditions of this Agreement:
| RENTER
Name:____________________________ Signature:_________________________ Date:_____________________________ |
LANDLORD
Name:____________________________ Signature:_________________________ Date:_____________________________ |
