Property Rental Agreement Letter
August 14, 2050
[Your Name]
[Your Company Name]
[Your Company Address]
[Your Company Email]
[Your Company Number]
Michael Turner
789 Oak Street
Springfield, ST 12345
Subject: Rental Agreement for 12th Oak Street and 15th Elm Street, Springfield, ST 12345
Dear Michael Turner,
This letter serves as a formal agreement between [Your Name] (the Landlord) and Michael Turner (the Tenant) regarding the rental of the residential property located at 12th Oak Street and 15th Elm Street, Springfield, ST 12345.
The terms and conditions of this rental agreement are as follows:
Lease Term: The lease term shall commence on September 1, 2050, and continue through August 31, 2051.
Rent: The monthly rent for the property shall be $1,200. Rent is due on the 1st day of each month and should be paid to Emma Johnson by check or electronic transfer.
Security Deposit: A security deposit of $1,200 is required and will be held by the Landlord. This deposit will be returned to the Tenant at the end of the lease term, provided there are no damages to the property and all terms of the lease are met.
Utilities: The Tenant will be responsible for payment of all utilities including electricity, water, and gas.
Maintenance and Repairs: The Tenant agrees to maintain the property in a clean and orderly condition. The Landlord will be responsible for major repairs, while the Tenant will handle minor maintenance issues.
Use of Property: The property shall be used solely for residential purposes and shall not be subleased or used for commercial purposes without the written consent of the Landlord.
Termination: Either party may terminate this agreement with a 30-day written notice. If the Tenant vacates the property before the end of the lease term, the Tenant remains responsible for rent payments until the end of the term or until a new tenant is found.
Signatures:
Both parties agree to the terms outlined in this rental agreement and signify their agreement by signing below.
[Your Name]
Landlord
[Date]
Michael Turner
Tenant
[Date]
If you have any questions regarding this agreement, please contact me at [Your Company Number] or via email at [Your Company Email].
Thank you for choosing to rent this property. We look forward to a positive rental experience.
Sincerely,
[Your Name]
Landlord
[Your Company Name]
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