Rental Share Agreement Letter
[Your Name]
[Your Company Name]
[Your Company Address]
[Your Company Email]
[Your Company Number]
August 22, 2051
Liam Walker
18th Oak Avenue
Buffalo, NY 10002
Dear Liam Walker,
I hope this letter finds you well. As we discussed, I am writing to formally outline the terms and conditions of our rental share agreement for the property located at 18th Oak Avenue Buffalo, NY 10002. This agreement is intended to ensure clarity and mutual understanding regarding our shared living arrangements and responsibilities.
1. Rent and Payment
We have agreed that the total monthly rent for the property is $2,400. As we will be sharing the space, we will equally split the rent, making each party responsible for a monthly payment of $1,200. Rent payments should be made by the 1st of each month to Theodore Benson via bank transfer.
2. Utilities and Other Expenses
In addition to rent, we will equally share the cost of utilities, including electricity, water, internet, and gas. Each party is responsible for 50% of the monthly utility expenses, which will be divided and paid accordingly. Any additional household expenses, such as cleaning supplies and maintenance, will also be split equally.
3. Security Deposit
We will each contribute $1,200 towards the security deposit, which totals $2,400. This deposit will be held by the landlord and is refundable at the end of our tenancy, provided there is no damage to the property.
4. Lease Term
This agreement is effective from September 1, 2051, and will remain in effect until August 31, 2052. Should either party wish to terminate this agreement before the lease term ends, a 30-day written notice is required.
5. House Rules and Responsibilities
To ensure a harmonious living environment, we agree to the following house rules:
Quiet Hours: From 10:00 PM to 7:00 AM.
Cleaning Duties: Each party will take turns cleaning common areas weekly.
Guests: Advance notice should be given before inviting guests to stay overnight.
Pets: No pets are allowed without mutual consent.
6. Dispute Resolution
In the event of a disagreement or dispute, we agree to resolve the matter amicably through open communication. If necessary, mediation may be sought before taking legal action.
7. Signatures
By signing below, we both acknowledge and agree to the terms outlined in this rental share agreement.
[Your Name]
[Date]
Liam Walker
[Date]
Please review this letter and let me know if you have any questions or concerns. I look forward to our shared living arrangement and hope we can create a comfortable and respectful home environment together.
Sincerely,
[Your Name]
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