Apartment Rental Agreement
APARTMENT RENTAL AGREEMENT
This Apartment Rental Agreement (hereinafter referred to as the "Agreement") is entered into by and between [Your Name], hereinafter referred to as the "Landlord," and [Tenant's Name], hereinafter referred to as the "Tenant," effective as of [Effective Date]. This Agreement establishes the terms and conditions under which the Tenant will lease the premises from the Landlord.
1. DESCRIPTION OF LEASED PREMISES
The premises that have been leased, positioned at the physical address of 123 Main Street in Anytown, USA, are made up of a residential property designed for one family. The important features of this property include but are not limited to, three bedrooms, two bathrooms, a functional kitchen, a dining area designed for food-related activities, a living room for general relaxation and leisure, and an open backyard. The individual or group serving as the Tenant has acknowledged receipt of an attached copy that constitutes the inventory and condition report of these leased premises. This crucial document provides a detailed report on the existing inventory within the premises and the general condition of the premises at the onset of the tenancy. This copy of the inventory and condition report has been appended hereto as Exhibit A for easy reference and record-keeping purposes.
2. TERM
The duration of this Agreement is set to begin on May 1, 2055, and it is predicted to carry on for a period that doesn't exceed one year unless it gets terminated prematurely under the conditions stipulated within this document. Once the initial agreed period comes to an end, there lies a possibility for this Agreement to be extended, but it is contingent on a written consensus agreed upon and signed by both parties involved.
3. RENT
The individual or entity acting as the Tenant for the property in question that has been leased is required to submit rent payments, in the specified amount of $1,500, at the start of each calendar month. This payment is to be made in advance, specifically by no later than the 1st day of each respective month. The preferred or rather the required method of payment for this regular rent amount is through an electronic bank transfer. The Tenant has also agreed to shoulder any additional expenses that may be associated with leasing the property. This can include but is not limited to: taxes that may be required by state, local, or federal authorities; any fees that may be charged for services related to the property; or any other charges that may be imposed as a result of occupying and utilizing the leased premises.
4. SECURITY DEPOSIT
The Tenant shall deposit with the Landlord a security deposit in the amount of [Security Deposit Amount] upon execution of this Agreement. The security deposit shall be held by the Landlord as security for the faithful performance by the Tenant of the terms of this Agreement. Upon termination of the tenancy, the security deposit shall be returned to the Tenant, less any deductions for damages, unpaid rent, or other charges as provided herein.
5. USE OF PREMISES
The premises shall be used solely for residential purposes and shall not be used for any unlawful or commercial activities. The Tenant shall not sublease, assign, or transfer the premises or any part thereof without the prior written consent of the Landlord. The Tenant shall comply with all applicable laws, rules, and regulations governing the use and occupancy of the premises.
6. REPAIR AND MAINTENANCE
The Landlord shall be responsible for maintaining the structural integrity of the premises, including but not limited to repairs to the roof, foundation, and exterior walls. The Tenant shall be responsible for maintaining the interior of the premises in a clean and sanitary condition and shall promptly report any maintenance issues or repairs needed to the Landlord. The Tenant shall be liable for any damage to the premises caused by their negligence or misuse.
7. Governing Law
This Agreement shall be governed by and construed following the laws of [Jurisdiction]. Any disputes arising out of or relating to this Agreement shall be resolved exclusively through arbitration under the rules of the American Arbitration Association. The prevailing party shall be entitled to recover reasonable attorney fees and costs incurred in enforcing this Agreement.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
[Your Name] (Landlord)
[Date Signed]
[Tenant's Name]
[Date Signed]
