Free Real Estate Lease Agreement Template
Real Estate Lease Agreement
I. PARTIES
This Real Estate Lease Agreement (hereinafter referred to as the "Agreement") is entered into on this January 15, 2059, by and between:
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[YOUR NAME], having an address at [YOUR COMPANY ADDRESS] (hereinafter referred to as the "Landlord"), and
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Philip Mitchell, having an address at Indianapolis, IN 46201 (hereinafter referred to as the "Tenant").
II. PROPERTY
The Landlord agrees to lease to the Tenant, and the Tenant agrees to rent from the Landlord, the property located at Indianapolis, IN 46201, including any improvements, fixtures, and appliances located thereon (hereinafter referred to as the "Property").
III. TERM
The term of this lease shall begin on February 1, 2059 and shall:
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Continue on a month-to-month basis, OR
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Be for a fixed period ending on January 31, 2060.
IV. RENT
The Tenant agrees to pay the Landlord rent in the amount of $1,200 per month, payable in advance on the 1st of each month. Payments shall be made to the Landlord at [YOUR COMPANY ADDRESS] or at another location designated by the Landlord.
V. SECURITY DEPOSIT
The Tenant shall pay a security deposit of $1,200 to the Landlord upon signing this Agreement. The security deposit shall be held to cover damages beyond normal wear and tear and any unpaid rent at the end of the lease term.
VI. UTILITIES AND SERVICES
The following utilities and services shall be paid as follows:
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Electricity: Tenant
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Water/Sewer: Landlord
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Gas: Tenant
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Trash Collection: Landlord
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Internet/Cable: Tenant
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Other: N/A
VII. OCCUPANTS
The Property shall only be occupied by the Tenant and the following individuals:
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Jane Mitchell
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Sam Mitchell
VIII. USE OF PROPERTY
The Tenant shall use the Property solely for residential purposes and shall not engage in any illegal activities on the premises.
IX. MAINTENANCE AND REPAIRS
The Tenant agrees to maintain the Property in a clean and habitable condition and to promptly notify the Landlord of any damage or necessary repairs. The Landlord shall be responsible for major repairs not caused by the Tenant’s negligence.
X. ALTERATIONS
The Tenant shall not make any alterations, additions, or improvements to the Property without the prior written consent of the Landlord.
XI. ENTRY
The Landlord may enter the Property for inspection, repairs, or showings with 24 hours advance notice, except in cases of emergency.
XII. TERMINATION
Upon termination of this Agreement, the Tenant shall vacate the Property, return all keys, and leave the premises in good condition, excluding normal wear and tear.
XIII. GOVERNING LAW
This Agreement shall be governed by the laws of the State of Indiana.
XIV. SIGNATURES
IN WITNESS WHEREOF, the parties hereto have executed this Real Estate Lease Agreement as of the date first written above.
Landlord:
[YOUR NAME]
Tenant:
Philip Mitchell
Witness: (if applicable)
Maria Turner