Real Estate Month-to-Month Rental Agreement
Real Estate Month-to-Month
Rental Agreement
This Real Estate Month-to-Month Rental Agreement (hereinafter referred to as "Agreement") is entered into on [Date] by and between [Your Company Name] (hereinafter referred to as the "Landlord"), with a mailing address of [Your Company Address], and [Tenant Name] (hereinafter referred to as the "Tenant"), with a mailing address of [Tenant Address].
WHEREAS, the Landlord is the lawful owner of, and has the right to lease the property located at [Property Address], including all amenities and appurtenances thereto (hereinafter referred to as the "Property");
AND WHEREAS, the Tenant desires to rent the Property from the Landlord on a month-to-month basis, commencing on [Start Date], and the Landlord desires to rent the Property to the Tenant on these terms;
NOW, THEREFORE, in consideration of the mutual promises herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
I. Rental Term
A. Commencement and Duration: This Agreement shall commence on [Start Date], and continue on a month-to-month basis. This Agreement will automatically renew each month unless either party provides written notice of termination at least 30 days prior to the desired end date.
B. Termination Notice: Either the Landlord or the Tenant may terminate this Agreement by providing at least 30 days written notice to the other party.
II. Rent Details
A. Monthly Rent: The Tenant agrees to pay the Landlord a monthly rent of $1,500. Rent is due on the first day of each month, starting from [Start Date].
B. Late Payment Penalty: Rent payments received after the fifth day of the month will incur a late fee of $50. Continuous delay in rent payment beyond 10 days provides the Landlord the right to initiate eviction proceedings in accordance with local laws.
C. Method of Payment: Rent payments shall be made by the Tenant to the Landlord via check, direct deposit, or another agreed-upon payment method.
III. Security Deposit
A. Amount and Payment: The Tenant shall pay the Landlord a security deposit of $2,250 upon signing this Agreement. This amount is held as security for the performance of all Tenant's obligations under this Agreement.
B. Conditions for Use: The security deposit may be used by the Landlord to cover damages caused by the Tenant beyond normal wear and tear, unpaid rent, and costs associated with cleaning the Property if left in an unacceptable condition at the time of move-out.
C. Refund: Upon termination of this Agreement, the Landlord will inspect the Property within 14 days and refund the security deposit minus any deductions for damages or unpaid rent. The refund will be made to the Tenant no later than 30 days after the termination of this Agreement.
D. Written Statement: If any portion of the security deposit is used during or at the end of the tenancy, the Landlord will provide the Tenant with a written statement listing the exact reasons for and the amount of any deductions made from the security deposit.
IV. Utilities and Services
A. Tenant Responsibilities: The Tenant is responsible for the payment of utilities and services including electricity, gas, water, sewer, trash collection, cable television, and internet service. These payments are to be made directly to the respective service providers by the Tenant.
B. Landlord Responsibilities: The Landlord is responsible for the payment of property taxes and insurance on the Property. The Landlord shall also maintain any homeowner's association (HOA) fees associated with the Property.
V. Maintenance and Repairs
A. Tenant’s Duties: The Tenant agrees to keep the Property clean, sanitary, and in good condition, and to notify the Landlord promptly of any damage, need for repairs, or pest infestation. The Tenant shall be responsible for repairs required due to their negligence or misuse by them, their family, or guests.
B. Landlord’s Duties: The Landlord agrees to maintain the Property in a habitable condition, complying with all applicable building, housing, and health codes. The Landlord shall promptly address and repair any issues that affect the Property's structural integrity, plumbing, heating, and electrical systems.
C. Emergency Repairs: In the event of an emergency that poses an immediate threat to the safety or health of the Tenant, the Tenant may contact emergency services or undertake necessary repairs and shall be reimbursed by the Landlord, provided the Tenant supplies receipts and the Landlord is notified within 24 hours of the emergency.
VI. House Rules
A. Noise: The Tenant agrees to respect the quiet enjoyment of their neighbors and not to cause or allow excessive noise on the Property, especially between the hours of 10:00 PM and 8:00 AM.
B. Pets: No pets are allowed on the Property without the Landlord’s prior written consent. If consent is given, a non-refundable pet deposit of $300 will be required, in addition to the security deposit.
C. Smoking: Smoking is not permitted inside the Property or in common areas. Smoking is only allowed in designated outdoor areas, if applicable.
D. Alterations: The Tenant shall not make any alterations, additions, or improvements to the Property without the Landlord’s prior written consent. This includes painting, installing nails or screws in the walls, or changing locks.
E. Guests: Guests may stay for a maximum of 14 consecutive days without the Landlord’s written consent. The Tenant is responsible for the conduct of all guests and ensuring they comply with the terms of this Agreement.
VII. Termination and Notice Requirements
A. Notice to Terminate: Either the Landlord or the Tenant may terminate this Agreement by providing at least 30 days written notice to the other party. The notice must specify the termination date and be delivered in accordance with the notice requirements outlined below.
B. Delivery of Notice: All notices under this Agreement shall be delivered either in person, via postal mail with proof of mailing, or via email with a read receipt. Notices shall be deemed received on the date of personal delivery, three days after mailing, or upon confirmation of email receipt.
VIII. Legal Clauses
A. Compliance with Laws: The Tenant agrees to comply with all applicable local, state, and federal laws and regulations while occupying the Property. This includes, but is not limited to, laws regarding drugs, illegal activities, and use of the Property.
B. Liability: The Landlord shall not be liable for any damage or injury to the Tenant, or any other person, or to any property, occurring on the Property, unless such damage is due to the negligence or willful act of the Landlord. The Tenant agrees to hold the Landlord harmless from any claims for damages, except as provided by law.
C. Dispute Resolution: Any disputes arising out of or related to this Agreement shall first be addressed through direct negotiation between the parties. If the dispute cannot be resolved through negotiation, the parties agree to seek mediation before pursuing any legal action.
D. Entire Agreement: This Agreement constitutes the entire agreement between the Landlord and the Tenant regarding the Property and supersedes all prior agreements and understandings, both written and oral. Any amendments to this Agreement must be made in writing and signed by both parties.
Signatures
By signing below, the Landlord and the Tenant agree to all terms and conditions outlined in this Real Estate Month-to-Month Rental Agreement.
Landlord
[Name]
[Date]
Tenant
[Name]
[Date]
