When it comes to renting a property, it`s important to have a rental agreement in place. This legal document outlines the terms and conditions of the rental agreement and helps protect both the landlord and the tenant. In this article, we`ll provide an example of a rental agreement for landlords to use as a guide.
This Rental Agreement (the “Agreement”) is made on [Date] by and between [Landlord`s Name], (the “Landlord”), and [Tenant`s Name], (the “Tenant”).
The Landlord agrees to rent to the Tenant the property located at [Address of the Property] (the “Property”). The Tenant agrees to use the Property for residential purposes only.
The term of this Agreement will begin on [Start Date] and will end on [End Date]. This Agreement may be renewed or extended if both the Landlord and the Tenant agree.
The Tenant agrees to pay the Landlord [Rent Amount] per month, due on the [Due Date] of each month, in full. If rent is not received by the due date, the Tenant may be charged a late fee of [Late Fee Amount] per day until the rent is paid in full.
The Tenant agrees to pay the Landlord a security deposit of [Security Deposit Amount] before moving into the Property. The security deposit will be returned to the Tenant within [Number of Days] of move-out, provided there is no damage to the Property beyond ordinary wear and tear.
The Tenant will be responsible for paying all utilities associated with the Property, including but not limited to electricity, gas, and water.
Maintenance and Repairs
The Landlord agrees to maintain the Property in good condition and make any necessary repairs. The Tenant agrees to promptly notify the Landlord of any repairs needed and to allow the Landlord or their representatives access to the Property to make repairs.
Pets are not allowed on the Property without the Landlord`s prior written consent. If the Landlord consents to pets on the Property, the Tenant may be required to pay an additional pet deposit.
Either the Landlord or the Tenant may terminate this Agreement with written notice to the other party, given at least [Notice Period] days in advance.
This rental agreement example provides a framework for landlords to create their own rental agreement, tailored to their specific needs. It`s important to note that rental agreements may vary based on state and local laws, so landlords should consult with a legal professional to ensure their agreement is compliant. By having a well-written rental agreement in place, both the landlord and tenant can have peace of mind knowing their agreement is legally binding and protects their rights.