PRIVATE RENTAL CONTRACT
This Private Rental Contract (the "Contract") is entered into this day of JANUARY 2050, (the "Effective Date") by and between
Landlord:
Full Name: [Landlord's Full Name]
Address: [Landlord's Address]
Contact Information:[Landlord's Phone Number], [Landlord's Email Address]
Tenant:
Full Name: [Tenant's Full Name]
Address: [Tenant's Address]
Contact Information: [Tenant's Phone Number], [Tenant's Email Address]
_____________________________________________________________________________________
I. Premises
The property rented shall be known as [Property Address]. The Property includes [brief description of any included amenities or features, e.g., parking space, appliances].
II. Term
The term of this Contract shall commence on January 1, 2050, and continue until December 31, 2050, unless extended or terminated earlier by this Contract. Any extensions of the term shall be agreed upon in writing by both Landlord and Tenant.
III. Rent
Tenant agrees to pay to Landlord a monthly rent of $1,200, due on the 1st day of each month. Rent payments shall be made in US dollars via bank transfer. Late payments shall incur a late fee of $50 if received after the 5th day of the month.
IV. Security Deposit
Tenant shall provide a security deposit of $1,500 upon signing this Contract. The security deposit will be held by the Landlord to cover any damages to the Property beyond normal wear and tear, unpaid rent, or other breaches of this Contract. The security deposit shall be returned to the Tenant within 30 days after the termination of this Contract, less any deductions as outlined above.
V. Maintenance and Repair
Tenant agrees to maintain the Premises in a clean, sanitary, and good condition throughout the term of this Contract. Tenant shall promptly notify Landlord of any needed repairs or maintenance issues related to the Property. The landlord shall be responsible for repairs resulting from normal wear and tear or structural issues.
VI. Utilities
Unless otherwise provided in this Contract, Tenant will be responsible for all utilities and services for the Property, including but not limited to electricity, water, gas, internet, and cable. Landlord shall cover the cost of [specific utilities, if applicable, e.g., trash removal, landscaping].
VII. Default
If Tenant fails to comply with any material provisions of this Contract or any present rules and regulations governing the Property, Landlord may terminate this Contract upon providing proper notice to Tenant as required by law. Landlord reserves the right to pursue legal remedies for any breaches of this Contract by the Tenant.
VIII. Governing Law
This Contract shall be governed by and construed by the laws of Illinois. Any disputes arising under or in connection with this Contract shall be resolved in the courts of [State/Country].
IX. Entire Contract
This Contract constitutes the entire agreement between Landlord and Tenant relating to the subject matter hereof and supersedes all prior contracts, arrangements, and communications, whether oral or written. Any amendments or modifications to this Contract must be made in writing and signed by both parties.
IN WITNESS WHEREOF, the parties have executed this Contract as of the Effective Date.
[YOUR NAME]
Landlord
[DATE SIGNED]
[YOUR NAME]
Tenant
[DATE SIGNED]
_________________________________________________________________________________
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