HOUSING CONTRACT

This Residential Lease Agreement (the "Agreement") made and entered into this day of [DATE], by and between [Your Company Name], located at [Your Company Address], and otherwise referred to as "Landlord," and [TENANT'S NAME], located at [TENANT'S ADDRESS], otherwise referred to as "Tenant."

1. PREMISES

For this Agreement, the "Premises" is located at [PROPERTY ADDRESS]. The Landlord hereby agrees to rent the Premises to the Tenant for the term of this Agreement.

1. Address: 123 Elm Street, Springfield, Anytown, USA, 12345

2. Unit Number (if applicable): Unit 3A

3. Size (Square Footage): Approximately 1,200 square feet

4. Number of Bedrooms: 2 bedrooms

5. Number of Bathrooms: 1.5 bathrooms

2. TERMS

This Agreement shall be initiated starting from [START DATE] and shall remain in effect (unless it is terminated at an earlier time) until it reaches the specified [END DATE].

2.1 Duration: Unless terminated earlier, the agreement will remain in effect until the designated end date stipulated as [END DATE].

2.2 Termination Clause: In the event of termination, the agreement shall cease to be effective before the specified end date.

3. RENT

State the monthly rent amount and the due date for rent payment. Include acceptable methods of payment (e.g., check, electronic transfer) and any late fees or penalties for missed payments. Additionally, specify the amount of security deposit required and any conditions for its return at the end of the lease term.

3.1 Rent Amount and Payment Details:

The monthly rent is $1,200, due on the first of each month. Payment methods accepted include electronic transfer and checks. Late fees of $50 are applied for payments received after the fifth of the month.

3.2 Security Deposit:

A security deposit of $1,500 is required before move-in. It will be returned within 30 days of lease termination, provided the property is left in good condition, with deductions for any damages beyond normal wear and tear.

4. SECURITY DEPOSIT

When this Agreement is executed, the Tenant agrees to deposit a sum of $[SECURITY DEPOSIT AMOUNT] with the Landlord. This deposit will act as a security measure if any damage is caused to the Property during the term of this Agreement. The Tenant's deposit serves to financially protect the Landlord from any potential costs required to repair any such damage.

5. MAINTENANCE AND REPAIR

Tenant will keep the Premises in good condition. The tenant will notify the Landlord promptly of any damage to the Premises.

5.1 Responsibility for Upkeep: The tenant agrees to maintain the Premises in a satisfactory condition throughout the lease term, ensuring its cleanliness and functionality.

5.2 Timely Reporting of Damage: In the event of any damage occurring to the Premises during the tenancy, the tenant commits to promptly informing the Landlord to facilitate timely repairs and prevent further deterioration of the property.

5.3 Cooperation in Repairs: Both parties agree to cooperate in any necessary repairs or maintenance, with the Landlord undertaking to address reported issues on time and the tenant providing access to the Premises for necessary inspections and repairs.

6. RULES AND REGULATIONS

Tenant will comply with all rules and regulations adopted by Landlord relating to the Premises.

6.1 Compliance Obligation: Tenants are required to adhere to all regulations established by the Landlord concerning the use and upkeep of the leased property. Failure to comply may result in penalties or termination of the lease agreement.

6.2 Scope of Regulations: The regulations encompass various aspects including but not limited to, maintenance standards, noise levels, waste disposal, and adherence to community guidelines, ensuring a harmonious environment for all occupants.

6. 3 Updates and Amendments: Landlord reserves the right to update or amend the regulations as necessary, with prior notice to the Tenants. Such changes are binding upon all parties and are integral to maintaining the property's integrity and functionality.

7. DISCLAIMER

Tenant agrees that Landlord will not be liable for any damage or injury to the Tenant, or any other person, or to any property, occurring on the Premises, unless such damage is the legal result of the negligence or willful misconduct of the Landlord.

8. GOVERNING LAW

This Agreement shall be governed by and construed by the laws of the state of [Governing State].

9. 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.

This Agreement can only be amended through a written document duly executed by all parties.

[LANDLORD'S NAME]

[DATE SIGNED]

[TENANT'S NAME]

[DATE SIGNED]

This Agreement was signed in front of a witness as per the applicable law of the state on [DATE]

Contract Templates @ Template.net