Room Lease Agreement
I. Parties to the Agreement
This Room Lease Agreement ("Agreement") is entered into on this 1st day of February, 2050, by and between [Your Name], hereinafter referred to as "Landlord," and Beverly Haley, hereinafter referred to as "Tenant." Both parties agree to the terms and conditions outlined herein.
II. Property Description
The room subject to this lease is located within the property at Greensboro, NC 27401 (hereinafter referred to as the "Premises"). The Tenant is granted exclusive rights to the use of the designated room and shared access to common areas, including the kitchen, bathroom, and living spaces, as described in this Agreement.
III. Term of Lease
1. Duration
The term of this lease begins on February 1, 2050, and shall continue on a month-to-month basis unless terminated earlier by either party in accordance with the terms set forth in this Agreement.
2. Notice to Terminate
Either party may terminate this lease with a 30-day written notice delivered via email to the other party. Notices to the Landlord must be sent to [Your Email], and notices to the Tenant must be sent to beverly@you.mail.
IV. Rent Payment
1. Rent Amount
The Tenant agrees to pay the Landlord a monthly rent of $800.00, payable in advance on the 1st day of each month.
2. Payment Method
Payments must be made electronically via transfer to the account details provided by the Landlord or as otherwise agreed in writing.
3. Late Payment
A late fee of $50.00 will be assessed if rent is not received within five (5) days of the due date.
V. Security Deposit
The Tenant shall provide a refundable security deposit of $800.00 to the Landlord upon signing this Agreement. This deposit will be held to cover damages, unpaid rent, or other charges incurred under this Agreement. The deposit shall be returned within 30 days after the termination of this lease, less any deductions, with an itemized list of charges if applicable.
VI. Tenant Responsibilities
1. Maintenance
The Tenant shall maintain the room in a clean and habitable condition and promptly report any damages or required repairs to the Landlord.
2. Prohibited Activities
The Tenant shall not engage in illegal activities, excessive noise, or any behavior that disrupts the peaceful enjoyment of other residents.
VII. Landlord Responsibilities
The Landlord shall ensure the Premises are in a habitable condition and promptly address maintenance requests. The Landlord shall also ensure that utilities, such as water, electricity, and internet, remain operational unless otherwise agreed.
VIII. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of North Carolina.
IX. Additional Terms
1. Modifications
Any modifications to this Agreement must be made in writing and signed by both parties.
2. Entire Agreement
This document constitutes the entire agreement between the Landlord and Tenant and supersedes any prior discussions or understandings.
X. Signatures
By signing below, the parties acknowledge that they have read, understood, and agree to be bound by the terms of this Room Lease Agreement.
Landlord:
[Your Name]
Date: January 9, 2050
Tenant:
Beverly Haley
Date: January 9, 2050
Contact Information:
For any inquiries, contact the Landlord at [Your Email].
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