When entering into a landlord-tenant relationship, it is essential to have a written contract agreement in place. This document outlines the terms and conditions of the lease and sets expectations for both parties involved.
Below is a sample contract agreement that landlords and tenants can use as a starting point when drafting their own lease agreement.
THE LEASE AGREEMENT
This lease agreement (“Agreement”) is made and entered into on [date] between [landlord name] (“Landlord”) and [tenant name] (“Tenant”).
The Landlord agrees to lease the property located at [property address] to the Tenant for residential purposes only.
The lease term will begin on [start date] and end on [end date]. The Tenant agrees to vacate the property on the termination date and to turn over the keys to the Landlord.
The Tenant agrees to pay rent in the amount of [rent amount] per month. Rent is due on the [due date] of each month. The Tenant will be charged a late fee of [late fee] if rent is not paid by the due date.
The Tenant will be responsible for the payment of all utilities associated with the leased property.
5. SECURITY DEPOSIT
The Tenant will be required to pay a security deposit of [security deposit amount] at the time of signing this Agreement. The security deposit will be returned to the Tenant at the end of the lease term, provided there is no damage to the property beyond normal wear and tear.
The Tenant will be responsible for the upkeep and maintenance of the property during the lease term. The Tenant agrees to promptly notify the Landlord of any repairs needed to the property.
[Include a clause allowing or disallowing pets on the property, along with any associated fees.]
This lease agreement may be terminated by either party upon [number of days] days written notice.
9. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of [state].
10. ENTIRE AGREEMENT
This Agreement constitutes the entire agreement between the parties, and supersedes all prior or contemporaneous agreements and understandings, whether written or oral.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written.
In conclusion, a well-written contract agreement is essential in any landlord-tenant relationship. It not only protects the rights of both parties but also ensures a fair and amicable lease period. By using this sample contract agreement as a starting point, landlords and tenants can create a comprehensive and effective lease agreement.