Whatever your role might be – landlord or tenant – this hassle-free real estate contract can serve as an essential tool in managing a smooth leasing process.
Enjoy the simplicity of this editable template designed to cater all potential scenarios in any residential lease context.
RESIDENTIAL LEASE AGREEMENTTHIS LEASE AGREEMENT (“Lease”) made and entered into this [Date] by and between [Landlord’s Name], whose address is [Landlord’s Address] (hereinafter “Landlord”), and [Tenant’s Name], whose address is [Tenant’s Address] (hereinafter “Tenant”).
1. PREMISES:Landlord rents to Tenant and Tenant rents from Landlord, the premises located at [Property Address]. The premises will be used for residential purposes only.
2. TERM:The initial term of the Lease will start on [Start Date] and will terminate on [End Date]. Thereafter, the Lease shall continue on a month-to-month basis until either Landlord or Tenant terminate this Lease with written notice.
3. RENT:Tenant agrees to pay $[Rent Amount] per month, due on the 1st day of each calendar month.
4. SECURITY DEPOSIT:Upon execution of this Lease, Tenant will deposit with Landlord the sum of $[Security Deposit Amount] as security for any damage caused to the Premises during the term hereof.
5. REPAIR AND MAINTENANCE:Tenant will keep the Premises in clean, sanitary, and good condition.
6. INSURANCE:Tenant is responsible for having sufficient insurance to cover all personal property located on the Premises.
7. QUIET ENJOYMENT:Tenant will conduct himself, and require other persons on the Premises with Tenant’s consent, to conduct themselves in a manner that will not disturb others’ peaceful enjoyment of the Premises.
8. DEFAULT:If Tenant fails to comply with any of the material provisions of this Lease, or of any present rules and regulations governing the Premises, Landlord may terminate this Lease upon providing proper notice to Tenant.
9. GOVERNING LAW:This Lease shall be governed by and construed in accordance with the laws of the state of Pennsylvania.
10. ENTIRE AGREEMENT:This Lease contains the complete agreement between Landlord and Tenant and cannot be changed except by written agreement.
LANDLORD:[Landlord’s Name] ___________________ Signature [Date]
TENANT:[Tenant’s Name] ___________________ Signature [Date] Please note that this Lease Agreement should be used as a guide and does not cover every situation. It should be customized to meet your specific needs and situations. It is recommended that you consult with a licensed attorney in your area if you have any questions or concerns.
If you’re interested in owning property in Pennsylvania, you may also need a Contract for Deed template to supplement your current Contract For Rental Property.