LEASE AGREEMENTTHIS AGREEMENT is made and entered into this _____ day of _______________, 20_____ , by and between ___________________________________________________________________________, hereinafter “Landlord,” and ____________________________________________________________________________, hereinafter “Tenant(s).”
1. PREMISESLandlord rents to Tenant and Tenant rents from Landlord, the premises located at _____________________________________________________. The premises will be used for residential purposes only.
2. TERMThe initial term of this Lease begins on ________________, 20_____, and ends on ________________, 20_____. Thereafter, the Lease will continue on a month-to-month basis until either Landlord or Tenant terminate this agreement with written notice.
3. RENTTenant agrees to pay Landlord $_____ per month, due on the 1st day of each calendar month.
4. SECURITY DEPOSITUpon execution of this Lease, Tenant will deposit with Landlord the sum of $_____ as security for Tenant‘s faithful performance of the terms of this Lease.
5. USE OF PREMISESThe premises will be used for residential purposes only. Tenant will comply with all laws and rules affecting the premises.
6. REPAIR AND MAINTENANCETenant will keep the premises in clean, sanitary, and good condition.
7. INSURANCETenant will maintain adequate liability insurance, and will provide Landlord with a copy of the policy upon request.
8. DEFAULTIf 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 Agreement upon providing proper notice to Tenant.
9. TERMINATIONUpon termination of this Agreement, Tenant will return the premises and all property of Landlord in a clean and good condition.
10. GOVERNING LAWThis Agreement will be governed by and construed in accordance with the laws of the state of ______________________.
Landlord: ____________________ Date: ________
Tenant: _____________________ Date: ________ Please note: This Lease Agreement should be reviewed by a lawyer before it is used; the laws may have changed or be different depending on the state.
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Navigating through a leasing agreement can be a daunting process especially if you are unfamiliar with the legal terminology. The basic lease agreement template on our site offers a straightforward and uncomplicated solution to address this. It provides all the necessary information in a clear and concise format that is easy for both landlords and tenants to understand and agree upon.
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Lastly, if either party wants to terminate the lease before its end date, it’s best to use a formal document like our early termination of lease agreement template. This template outlines the reasons for ending the agreement prematurely, providing legal protection for both the landlord and tenant. Remember, every rental situation is unique and requires different considerations. That’s why we provide a range of templates to suit various circumstances.