Legal Rental Agreement

I. Agreement Overview

A. Introduction

1. This Rental Agreement ("Agreement") is made effective as of [Effective Date], by and between [Your Company Name], hereinafter referred to as the "Landlord," whose principal address is [Your Company Address], and [Tenant's Name], hereinafter referred to as the "Tenant," whose principal address is [Tenant's Address].

2. The Landlord and Tenant may collectively be referred to as the "Parties."

3. The purpose of this Agreement is to outline the terms and conditions under which the Landlord will lease the residential property located at [Rental Property Address] (the "Premises") to the Tenant.

B. Term of Lease

1. The term of this lease shall commence on [Start Date] and shall end on [End Date], unless terminated earlier in accordance with the provisions of this Agreement.

2. Upon expiration of the lease term, the Tenant shall vacate the Premises unless the Agreement is renewed or extended by mutual written consent of the Parties.

II. Rent and Payment Terms

A. Rent

1. The Tenant agrees to pay the Landlord a monthly rent of $5,500 for the Premises.

2. Rent payments shall be due on the [Due Date] of each month and shall be paid in advance.

B. Payment Method

1. Rent payments shall be made to the Landlord at [Your Company Address] or via bank transfer or online payment system.

2. If the Tenant fails to pay rent on time, a late fee of $150 will be charged for each day the rent remains unpaid after the due date.

III. Security Deposit

A. Amount

1. The Tenant agrees to pay a security deposit of $2,000 to the Landlord prior to occupancy of the Premises.

2. The security deposit shall be held by the Landlord as security for the performance of the Tenant's obligations under this Agreement.

B. Return of Deposit

1. The Landlord shall return the security deposit to the Tenant within 30 days after the termination of this Agreement and the Tenant's vacating of the Premises.

2. Deductions may be made from the security deposit for any damages to the Premises or unpaid rent.

IV. Responsibilities and Maintenance

A. Landlord’s Responsibilities

1. The Landlord agrees to maintain the Premises in a habitable condition and to make necessary repairs to ensure the Premises are safe and livable.

2. The Landlord shall comply with all applicable laws and regulations related to the condition and safety of the Premises.

B. Tenant’s Responsibilities

1. The Tenant agrees to keep the Premises in a clean and orderly condition and to notify the Landlord of any necessary repairs.

2. The Tenant shall be responsible for any damage caused by their negligence or misuse of the Premises.

V. Use of Premises

A. Permitted Use

1. The Premises shall be used exclusively as a residential dwelling by the Tenant and their immediate family members.

2. The Tenant shall not use the Premises for any illegal or commercial purposes.

B. Prohibition of Subleasing

1. The Tenant shall not sublease or assign the Premises to any other person or entity without the prior written consent of the Landlord.

VI. Termination

A. Termination by Landlord

1. The Landlord may terminate this Agreement with 30 days' written notice if the Tenant fails to comply with the terms and conditions of this Agreement.

2. In case of termination, the Tenant must vacate the Premises by the specified date and return all keys and access devices to the Landlord.

B. Termination by Tenant

1. The Tenant may terminate this Agreement with 30 days' written notice to the Landlord.

2. Upon termination, the Tenant must vacate the Premises by the specified date and return all keys and access devices to the Landlord.

VII. Governing Law

A. Jurisdiction

1. This Agreement shall be governed by and construed in accordance with the laws of the state of [State], without regard to its conflict of law principles.

2. Any disputes arising under this Agreement shall be resolved in the courts located in [County, State].

VIII. Miscellaneous

A. Entire Agreement

1. This Agreement constitutes the entire agreement between the Landlord and Tenant and supersedes any prior agreements or understandings.

2. No modifications to this Agreement shall be valid unless made in writing and signed by both Parties.

B. Severability

1. If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.

2. The invalid or unenforceable provision shall be reformed to reflect the original intent of the Parties as closely as possible.

C. Notices

1. Any notices required or permitted under this Agreement shall be in writing and delivered to the addresses specified above.

2. Notices may be delivered in person, by mail, or by electronic means, with proof of receipt.

[Your Company Name Representative]
[Date]

[Tenant Name]

[Date]

Legal Templates @ Template.net