Home Rental Agreement
1. Introduction
This Home Rental Agreement ("Agreement") is entered into on [Date], by and between [Your Name], hereinafter referred to as the "Landlord," and [Tenant's Name], hereinafter referred to as the "Tenant." The parties agree as follows:
Property:
The rental property, located at [Your Company Address], is an apartment consisting of two bedrooms and one bathroom. The property includes a refrigerator, stove, dishwasher, and one designated parking space. This Agreement governs the rental of the aforementioned property for residential purposes.
2. Term of Lease
2.1 Start Date: The lease term shall commence on [Date].
2.2 End Date: The lease term shall conclude on [Date].
2.3 Renewal Option: The tenant shall have the option to renew the lease for an additional term upon mutual agreement between both parties. Any renewal shall be documented in writing.
3. Rent Payment
3.1 Amount:
The monthly rent for the premises shall be $1,200.
3.2 Payment Due Date:
Rent payments are due on the 1st day of each month.
3.3 Late Fee:
A late fee of $50 shall be charged if rent is not received by the due date.
3.4 Payment Method:
Rent payments shall be made by electronic transfer to the landlord's designated bank account.
4. Security Deposit
4.1 Amount:
The security deposit for the premises shall be $1,500.
4.2 Use of Deposit:
The security deposit is held as security against damages to the property, unpaid rent, or any breach of the lease agreement. It shall be returned to the tenant within 30 days of lease termination, less any deductions for damages or outstanding obligations.
5. Utilities and Maintenance
5.1 Responsibility:
The tenant shall be responsible for paying electricity and gas bills. The landlord shall cover water and trash removal costs. Both parties shall maintain the property in a clean and habitable condition.
5.2 Repairs:
The landlord shall address any necessary repairs to the property promptly. The tenant shall promptly notify the landlord of any maintenance issues requiring attention.
6. Occupancy and Use
6.1 Occupants:
Only the following individuals are permitted to reside in the rental property: [list names of approved occupants].
6.2 Use of Property:
The tenant shall use the premises solely for residential purposes and shall not sublet any portion of the property without prior written consent from the landlord.
7. Entry and Inspection
Notice:
The landlord shall provide 24 hours notice before entering the premises for inspection or repairs, except in cases of emergency.
8. Termination
8.1 Early Termination
Either party may terminate the lease agreement early with 30 days written notice. In the event of early termination by the tenant, they shall be responsible for payment of rent until the end of the notice period.
8.2 Notice
30-day written notice is required for lease termination by either party.
9. Legal Provisions
9.1 Governing Law
This lease agreement shall be governed by the laws of [State].
9.2 Severability
If any provision of this agreement is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
9.3 Entire Agreement
This lease agreement constitutes the entire agreement between the parties and supersedes any prior agreements or understandings.
10. Signatures
IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date.
[Your Name]
[DATE SIGNED]
[Tenant's Name]
[DATE SIGNED]
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