Property Rental Contract
Property Rental Contract
THIS LEASE Contract (“Contract”) is made and entered into this day of, [DATE] by and between [Your Name], (hereinafter “Landlord”), legally doing business at [Your Company Address], and [Tenant Name] (hereinafter “Rental") having a permanent address at [TENANT ADDRESS]
1. DESCRIPTION OF LEASED PREMISES
The landlord rents to the Tenant and the Tenant rents from the Landlord to the premises located at [Your Company Address]. The premises will be used for residential purposes only.
2. TERM OF THE LEASE
The initial term of this Lease begins on [START DATE] and ends on [END DATE]. After this term, the Lease will continue on a month-to-month basis.
3. RENT PAYMENTS
Tenant agrees to pay Landlord as base rent the sum of $[RENT AMOUNT], payable on the first day of each calendar month.
4. SECURITY DEPOSIT
Upon the due execution of this Contract, Tenant will deposit with Landlord the sum of $[SECURITY DEPOSIT AMOUNT] as security for any damage caused to the Premises during the term hereof.
5. REPAIR AND MAINTENANCE
Tenant will keep the Premises in clean, sanitary, and good condition. If the Tenant damages the Premises or the Property, the Tenant will notify the Landlord immediately.
6. INSURANCE
Tenant will maintain a policy of liability insurance with a minimum limit of liability per occurrence of $[AMOUNT], and Landlord shall be named as an additional insured.
7. DEFAULT
If Tenant fails to comply with any of the material provisions of this Contract, or of any present rules and regulations governing the Premises, Landlord may terminate this Contract upon providing proper notice to Tenant.
8. GOVERNING LAW
The stipulations, interpretation, and management of this Contract shall be guided and determined following the prevailing legal frameworks and laws of [GOVERNING LAW].
IN WITNESS WHEREOF, the parties have executed this Lease contract the day and year first above written.
[Your Name]
[DATE SIGNED]
[Tenant Name]
[DATE SIGNED]
