A contract between landlord and tenant for renting residential property, outlining terms, conditions, and responsibilities of both parties.
RESIDENTIAL LEASE AGREEMENT
This Lease Agreement is made on [DATE] between [LANDLORD NAME] ("Landlord") and [TENANT NAME] ("Tenant") for the property located at [PROPERTY ADDRESS].
1. LEASE TERM
The lease term begins on [START DATE] and ends on [END DATE], for a total period of [DURATION].
2. RENT
Monthly rent is $[AMOUNT], due on the [DAY] day of each month. Late payments after [GRACE PERIOD] days incur a $[LATE FEE] fee.
3. SECURITY DEPOSIT
Tenant shall pay a security deposit of $[DEPOSIT AMOUNT] to be held for damages beyond normal wear and tear.
4. USE OF PREMISES
The premises shall be used solely for residential purposes. Maximum occupancy is [NUMBER] persons.
5. TENANT RESPONSIBILITIES
Tenant agrees to: maintain cleanliness, pay utilities [LIST], follow building rules, and provide 30-day notice before moving out.
6. LANDLORD RESPONSIBILITIES
Landlord agrees to: maintain structural integrity, provide essential services, respect tenant privacy with 24-hour notice for entries.
7. PETS
Pets are [ALLOWED/NOT ALLOWED]. If allowed, additional deposit of $[PET DEPOSIT] is required.
LANDLORD: _________________ TENANT: _________________
[LANDLORD NAME] [TENANT NAME]
Date: ___________ Date: ___________
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A Residential Lease Agreement is a comprehensive legal contract between landlords and tenants for renting homes, apartments, condominiums, townhouses, and other residential properties, protecting both parties' rights and interests. Essential for property owners, tenants, property managers, and real estate investors, this agreement establishes clear terms for rent payments, security deposits, lease duration, occupancy limits, pet policies, and maintenance responsibilities. The contract typically includes provisions for late fees, property inspections, utilities, parking, subletting restrictions, and lease renewal options. Crucial for landlords who need documented rental arrangements to protect their investment and ensure reliable income, and for tenants who require clear understanding of their rights, obligations, and living conditions to avoid disputes and ensure peaceful occupancy.