One Page Lease Agreement
This One Page Lease Agreement ('the Agreement') is made effective on the 15th of May, 2056. This Agreement is between the Landlord ('the Lessor') and the Tenant ('the Lessee').
1. Property
The Lessor agrees to lease the property located at [PROPERTY ADDRESS] to the Lessee. The Lessee acknowledges that the property's use would be limited to residential or commercial use, as per local governing laws, and in compliance with any zoning restrictions.
2. Lease Term
This Agreement shall start on the 15th of May, 2056, and shall continue until the [END DATE]. During this period, the Lessee is entitled to occupy and use the property for lawful purposes.
3. Rent
This section delineates the financial obligations of the Lessee, specifically concerning the payment of rent for the leased property.
Monthly Rent Amount:
The Lessee agrees to pay a monthly rent of [$ AMOUNT] on the first day of each calendar month.
First Month's Rent:
The first month’s rent will be due on the first day of occupancy.
4. Maintenance and Repairs
This section outlines the responsibilities of the Lessee regarding the maintenance and upkeep of the leased property.
Cleanliness: Lessee agrees to maintain the property's cleanliness and sanitation.
Damage Notification: Lessee must promptly inform Lessor of any property damage.
Responsibility for Damage: Lessee is liable for damages resulting from negligence.
5. Security Deposit
When this Agreement comes into effect upon its execution, the Lessee will be required to deposit the Lessor. The sum of this deposit, [$ DEPOSIT AMOUNT], will act as a form of security. This safeguard is intended to ensure the Lessee's compliance with all terms and conditions stipulated in this Agreement.
6. Governing Law
This Agreement, along with its understanding and application, will be subject to, and interpreted following the laws of the state where the designated property that is under consideration is situated or located.
7. Entire Agreement
The document in question, henceforth referred to as "this Agreement," encompasses the totality of the agreement negotiated and agreed upon by all associated parties.
The Parties have read, understood, agreed to, and signed:
[LANDLORD'S NAME]
[DATE SIGNED]
[TENANT'S NAME]
[DATE SIGNED]
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