Fixed-Term Lease Agreement
I. PARTIES
This Fixed-Term Lease Agreement (hereafter referred to as the "Agreement") is made and entered into this [Date] (the "Effective Date"), by and between [Your Name], an individual/entity representing the landlord (hereinafter referred to as "Landlord"), having an address at [Your Address], and [Tenant's Name], an individual (hereinafter referred to as "Tenant"), residing at [Tenant's Address].
II. TERM
The fixed-term lease for the premises described below shall commence on [Start Date] and continue until [End Date]. This ensures both the Landlord and Tenant stability and predictability regarding the tenancy, fostering a harmonious living arrangement.
III. PREMISES
The leased premises, herein referred to as the "Property," is situated at [Address of the Property], and encompasses [Description of the Property]. Tenant shall utilize and occupy the premises solely for residential purposes, with any alterations or modifications strictly prohibited without the prior written consent of the Landlord, ensuring the preservation and integrity of the property.
IV. RENT PAYMENT
Tenant agrees to remit to Landlord the sum of $ 10,000 per month, payable on the first day of each calendar month. The initial month's rent shall be due upon the execution of this Agreement, facilitating a seamless transition into the tenancy.
V. SECURITY DEPOSIT
By the terms herein, Tenant shall provide Landlord with a security deposit amounting to $5,000 as a safeguard for adherence to the stipulations outlined within this Agreement, mitigating potential damages or breaches during the tenancy period.
VI. RENEWAL OR TERMINATION
Upon the expiration of the lease term, both parties may opt to renew the Agreement under mutually agreed-upon terms or proceed with termination, subject to the conditions delineated within this Agreement. Procedures for renewal or termination are meticulously outlined, ensuring clarity and fairness for both the Landlord and the Tenant.
VII. LEGAL REQUIREMENTS
This Agreement meticulously adheres to the pertinent laws and regulations of the jurisdiction where the property is situated, safeguarding the rights and delineating the obligations of both parties, thus ensuring compliance with legal standards and fostering a secure and transparent rental relationship.
VIII. ENTIRE AGREEMENT
It is hereby agreed that this Agreement embodies the entirety of the understanding between Landlord and Tenant and may not be altered, modified, or terminated except through written agreement endorsed by both parties, thereby preserving the integrity and clarity of the contractual relationship.
IX. SIGNATURES
LANDLORD:
[Your Name]
[Date Signed]
TENANT:
[Tenant's Name]
[Date Signed]
Agreement Templates @ Template.net
