Month-to-Month Rental Agreement
Month-to-Month Rental Agreement
This Month-to-Month Rental Agreement (the “Agreement”) is made and entered into on this 4th day of November 2050, by and between [Your Company Name] (hereinafter referred to as the "Landlord") and DexTrium (hereinafter referred to as the "Tenant").
I. Property Details
The Landlord hereby rents to the Tenant, and the Tenant hereby rents from the Landlord, the premises located at [Your Company Address] (the "Property"). The Property includes the following:
-
Number of bedrooms: 3
-
Number of bathrooms: 2
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Amenities: Kitchen, living room, parking space, shared yard
II. Term of Lease
This Agreement is a month-to-month lease, beginning on the 4th day of November 2050, and continuing on a month-to-month basis until terminated by either party, as described in Section V.
III. Rent Payment
1. Monthly Rent
The monthly rent for the Property shall be $2,300.00, payable in advance on or before the 1st day of each month.
2. Payment Method
The Tenant shall remit payment to [Your Company Name] through one of the following methods:
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Bank transfer
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Direct deposit
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Check
Payments should be directed to:
[Your Company Name]
[Your Company Address]
[Your Company Number]
3. Late Fees
Rent not received by the 5th day of the month shall incur a late fee of $50.00.
IV. Security Deposit
The Tenant shall pay a security deposit of $2,300.00. This deposit will be held to cover damages beyond normal wear and tear and any unpaid rent. The deposit is refundable within 30 days after the termination of the lease, provided no damage beyond ordinary wear is noted.
V. Termination Notice
Either party may terminate this Agreement with a written notice delivered at least 30 days in advance. Notice must be sent to:
-
Landlord’s Contact Information:
[Your Company Name]
Email: [Your Company Email]
[Your Company Address] -
Tenant’s Contact Information:
DexTrium
Email: inquire@dextrium.mail
Address: Durham, NC 27701
VI. Responsibilities and Maintenance
1. Landlord Responsibilities
The Landlord agrees to maintain the Property in good repair and ensure that essential utilities (e.g., water, electricity) are in working order. Emergency repairs must be addressed promptly.
2. Tenant Responsibilities
The Tenant is responsible for:
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Regular upkeep and cleanliness of the Property.
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Reporting damages or necessary repairs to [Your Company Name] within 5 days of discovery.
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Keeping noise levels to a reasonable standard.
3. Maintenance Schedule
|
Item |
Frequency |
Responsible Party |
|---|---|---|
|
HVAC filter replacement |
Quarterly |
Landlord |
|
Lawn care |
Bi-weekly |
Tenant |
|
Pest control |
Annually |
Landlord |
VII. Occupancy Limits
The maximum number of residents allowed to occupy the Property shall be 5 persons. Unauthorized residents are prohibited and may lead to termination of the Agreement.
VIII. Utilities and Services
The following utilities are included in the monthly rent:
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Water
-
Trash collection
The Tenant shall be responsible for setting up and paying for:
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Electricity
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Internet
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Cable (optional)
IX. Entry and Inspection
The Landlord or authorized representative may enter the Property for inspections or repairs with at least 24 hours written notice, except in emergencies.
X. Dispute Resolution
Any disputes arising under this Agreement shall be resolved through mediation before resorting to formal legal action. The parties agree that mediation will be conducted in [Your Company Address], and each party will bear its own costs.
XI. Signatures
By signing below, both parties agree to the terms and conditions of this Month-to-Month Rental Agreement.
Landlord:
[Your Name]
[Your Company Name]
Date: 4th November 2050
Tenant:
DexTrium
Date: 4th November 2050
