Room Rental Agreement
I. Introduction
This Room Rental Agreement (the "Agreement") is made and entered into this 9th day of January, 2050, by and between [Your Name], hereinafter referred to as the "Landlord," and Allene Tillman, hereinafter referred to as the "Tenant." The Landlord and Tenant may collectively be referred to as the "Parties."
The Premises subject to this Agreement is located at [Your Company Address], which is hereby referred to as the "Premises."
Both Parties agree that this Agreement is governed by the laws of the Province of British Columbia, and any disputes will be resolved in accordance with such laws.
II. Term of the Agreement
1. Duration
The term of this Room Rental Agreement will begin on the 1st of February, 2050, and will continue on a month-to-month basis until terminated by either Party as provided under the terms of this Agreement.
2. Renewal
This Agreement may be renewed upon mutual agreement by the Parties, with terms to be negotiated.
III. Rent and Payment
1. Monthly Rent
The Tenant agrees to pay the Landlord a monthly rent of $1200. The payment will be due on the 1st day of each month. Payments should be made via electronic transfer to the following account details:
[Your Name]
[Your Company Address]
[Your Company Number]
2. Late Fees
If the Tenant fails to pay the rent within 5 days of the due date, a late fee of $50 will be added to the outstanding balance.
IV. Security Deposit
1. Amount
The Tenant agrees to pay a security deposit of $600 to the Landlord upon signing this Agreement. This deposit will be held by the Landlord for the duration of the tenancy and may be used to cover any damage to the Premises or unpaid rent at the end of the tenancy.
2. Return of Security Deposit
Upon the termination of the Agreement, the Landlord will return the security deposit to the Tenant within 30 days provided that there are no damages or unpaid fees.
V. Tenant's Obligations
1. Use of Premises
The Tenant agrees to use the Premises solely for residential purposes and agrees not to engage in any unlawful activities. No subletting of the room or Premises is permitted without written consent from the Landlord.
2. Maintenance
The Tenant agrees to keep the Premises clean and well-maintained and to notify the Landlord promptly of any necessary repairs. The Tenant is responsible for any damage caused by their negligence or misuse.
3. Quiet Enjoyment
The Tenant shall have the right to quiet enjoyment of the Premises without interference from the Landlord, provided the Tenant complies with the terms of this Agreement.
VI. Landlord's Obligations
1. Maintenance of the Premises
The Landlord agrees to maintain the Premises in a habitable condition and to make necessary repairs in a timely manner.
2. Access to Premises
The Landlord may enter the Premises for repairs, inspections, or showings with 24 hours' notice to the Tenant, except in emergencies.
VII. Termination
1. Notice of Termination
Either Party may terminate this Agreement by providing 30 days' written notice to the other Party. The notice must be given by mail or email to the contact details of the respective Party.
2. Early Termination
If the Tenant wishes to terminate the Agreement before the end of the agreed term, the Tenant must provide the Landlord with 30 days' written notice and may be liable for rent payments until the termination date.
VIII. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the Province of British Columbia, Canada.
IX. Signatories
The Parties agree to the terms outlined in this Room Rental Agreement.
Landlord:
[Your Name]
Date: January 9, 2050
Tenant:
Allene Tillman
Date: January 9, 2050
For any questions or clarifications regarding this Agreement, please contact [Your Name] at [Your Email].
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