Whether you’re a landlord or tenant, understanding every facet of your lease agreement is crucial to avoid potential legal pitfalls down the line.
RESIDENTIAL LEASE AGREEMENTTHIS AGREEMENT is made and entered into this DAY of MONTH, YEAR by and between LANDLORD NAME , hereinafter “Landlord,” and TENANT NAME , hereinafter “Tenant(s).”
1. PROPERTY:Landlord rents to Tenant and Tenant rents from Landlord, the premises located at ADDRESS . The property will be used for residential purposes only.
2. TERM:The term of this Lease is for TIME PERIOD , beginning on DATE and ending on DATE .
3. RENT:Tenant agrees to pay Landlord as base rent the sum of AMOUNT per month, due and payable monthly in advance on the 1st day of each calendar month.
4. SECURITY DEPOSIT:Upon the execution of this Agreement, Tenant will deposit with Landlord the sum of AMOUNT as security for any damage caused to the Property during the term hereof.
5. MAINTENANCE AND REPAIR:Tenant will keep the premises in clean, sanitary, and good condition. If Tenant fails to comply, Landlord may conduct necessary repairs and cleaning at Tenant’s expense.
6. INSURANCE:Tenant is responsible for having sufficient insurance to cover all personal property located on the Property. Landlord will not be responsible for any loss of Tenant’s personal property.
7. PETS:No pets will be allowed on the Property without the prior written consent of the Landlord.
8. QUIET ENJOYMENT:Tenant shall conduct himself, and require other persons on the Property with Tenant’s consent, to conduct themselves in a manner that does not disturb others’ peaceful enjoyment of the Property.
9. DEFAULT:If Tenant fails to comply with any of the material provisions of this Agreement, Landlord may terminate this Agreement upon providing proper notice to Tenant.
10. GOVERNING LAW:This Agreement shall be governed by and construed in accordance with the laws of the state of West Virginia.
11. ENTIRE AGREEMENT:This Agreement contains the entire agreement of the parties and there are no other promises, conditions, understandings or other agreements, whether oral or written, relating to the subject matter of this Agreement. LANDLORD: LANDLORD NAME __________ Date: __________ TENANT: TENANT NAME __________ Date: __________ This contract is not meant to provide legal advice and is only a template. Both parties should consult with a lawyer before signing any legal agreement.
If you’re interested in purchasing a property in West Virginia, consider reviewing our Contract For Deed Template after finalizing your Contract For Rental Property.