A residential lease agreement is a legal contract between a landlord and tenant that outlines the terms and conditions of renting a residential property. It’s important to note that residential lease agreements can be complex legal documents, and it’s generally recommended to seek legal advice when drafting or reviewing one.
Parties to the lease: This section identifies the landlord and tenant, including their full names and contact information.
Property description: This section provides a detailed description of the property being rented, including its address, size, and any other relevant details.
Lease term: This section specifies the length of the lease, including the start and end dates.
Rent payment: This section outlines the amount of rent due, when it is due, and how it should be paid.
Security deposit: This section specifies the amount of the security deposit required, as well as any conditions for its return.
Utilities and services: This section outlines which utilities and services are included in the rent, such as water, electricity, or internet.
Maintenance and repairs: This section specifies who is responsible for maintaining and repairing the property.
Termination clause: This section outlines the conditions under which either party can terminate the lease early.
Renewal clause: This section specifies whether or not the lease can be renewed at the end of its term.
Additional terms: This section includes any additional terms or conditions agreed upon by both parties.