Residential Tenancy Agreement
This Residential Tenancy Agreement (hereinafter referred to as the "Agreement") is made and entered into as of the 1st day of January, 2070, by and between [YOUR NAME] (hereinafter referred to as the "Landlord") and Trace Durgan (hereinafter referred to as the "Tenant").
The parties agree as follows:
I. PREMISES
The Landlord hereby rents to the Tenant the residential property located at:
Atlanta, GA 30301 (hereinafter referred to as the "Premises").
The Premises shall include: all major appliances, including refrigerator, oven, dishwasher, and washer/dryer.
II. TERM
The term of this Agreement shall commence on January 1, 2070, and:
Shall be on a fixed-term basis ending on December 31, 2070, or
Shall automatically renew on a monthly basis unless terminated in accordance with this Agreement.
III. RENT
The Tenant agrees to pay monthly rent in the amount of $2,500, payable in advance on or before the 1st day of each month.
Rent payments shall be made to:
Late payments shall incur a fee of $75 after 5 days past the due date.
IV. SECURITY DEPOSIT
The Tenant shall pay a security deposit of $2,500 upon signing this Agreement.
The security deposit shall be held to cover damages beyond normal wear and tear and/or unpaid rent and shall be returned within 30 days of the end of the tenancy, less any allowable deductions.
V. UTILITIES AND SERVICES
The following utilities and services shall be the responsibility of:
Landlord: water, trash collection
Tenant: electricity, gas, internet, and cable
VI. MAINTENANCE AND REPAIRS
The Tenant shall:
Keep the Premises in a clean and habitable condition.
Notify the Landlord of any damage requiring repair.
The Landlord shall be responsible for major repairs and maintenance, except those caused by the negligence or misuse of the Tenant.
VII. RULES AND REGULATIONS
The Tenant agrees to abide by the following rules:
No pets allowed without written consent from the Landlord.
No smoking inside the Premises.
Quiet hours from 10:00 pm to 7:00 am.
Comply with all applicable laws and ordinances.
VIII. ENTRY AND INSPECTION
The Landlord may enter the Premises for inspections, repairs, or showings by providing 24 hours prior written notice, except in cases of emergency.
IX. TERMINATION
This Agreement may be terminated by either party by providing written notice of 30 days prior to the end of the rental term.
X. ADDITIONAL TERMS
Parking: Tenant is allocated one covered parking space (Space #12).
Storage: Tenant may use the storage unit located in the basement (Unit B-2).
Insurance: Tenant is required to maintain renters insurance throughout the term of this Agreement.
XI. ENTIRE AGREEMENT
This Agreement constitutes the entire understanding between the parties and supersedes all prior negotiations or agreements.
XII. SIGNATURES
By signing below, both parties acknowledge they have read, understood, and agreed to the terms of this Agreement.
Landlord's Signature:
Date: January, 2070
Tenant's Signature:
Date: January, 2070
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