Flat Rent Contract
Flat Rent Contract
This contract, which has been formally entered into on the date of April 5, 2050, acts to establish a comprehensive and formal arrangement or agreement between [Your Name] and [Tenant's Name].
_____________________________________________________________________________________
Landlord Details:
Landlord: [Your Name]
Address: [Your Company Address]
Contact Number: [Your Company Number]
Email: [Your Company Email]
_____________________________________________________________________________________
Tenant Details:
Tenant: [Tenant's Name]
Address: [Tenant's Address]
Contact Number: [Tenant's Contact Number]
Email: [Tenant's Email]
_____________________________________________________________________________________
Property Details:
Property Address: [Property Address]
Type of Property: [Residential/Commercial]
Unit/Flat Number: [Unit/Flat Number]
Square Footage: [Square Footage, if applicable]
_____________________________________________________________________________________
1. Rental Term
The rental term shall commence on April 15, 2050, and terminate on April 15, 2051. This agreement is for a fixed term and shall not be subject to early termination unless mutually agreed upon by both parties.
2. Rent Amount
The Tenant agrees to pay a fixed monthly rent of $1000 for the duration of the lease term. The first month's rent shall be due and payable on April 15, 2050, and subsequent rent payments shall be due on the 15th of each month thereafter.
3. Payment Method
Rent payments shall be made by bank transfer to the Landlord's designated bank account.
4. Late Payment
In the event of late payment, the Tenant agrees to pay a late fee of $50 for each day the rent remains unpaid beyond the due date.
5. Utilities and Maintenance
Utilities are excluded from the rent. The Tenant shall be responsible for all utilities and minor maintenance.
6. Security Deposit
Upon signing this agreement, the Tenant shall provide a security deposit of $1500 to be held by the Landlord as security for any damages beyond normal wear and tear or unpaid rent.
7. Inspection and Inventory
Before occupancy, the Landlord and Tenant shall conduct a joint inspection of the premises to document any existing damages or issues. An inventory checklist shall be completed and signed by both parties.
8. Alterations and Modifications
The Tenant shall not make any alterations or modifications to the premises without the written consent of the Landlord.
9. Termination of Agreement
This agreement shall terminate automatically upon expiration of the rental term unless renewed in writing by both parties. Either party may terminate this agreement with 30 days written notice to the other party.
10. Governing Law
This agreement shall be governed by the laws of the State of [State], and any disputes arising under this agreement shall be resolved through arbitration by the rules of the Arbitration Association, located in Cityville, State.
IN WITNESS WHEREOF, the parties hereto have executed this Flat Rent Contract as of the date first above written.
_____________________________________________________________________________________
[Your Name]
[DATE SIGNED]
[Tenant Name]
[DATE SIGNED]
