Standard Residential Lease Agreement
This Standard Residential Lease Agreement ("Agreement") is entered into on this ______ day of ___________, 20____ ("Effective Date") by and between __________________________ ("Landlord") and __________________________ ("Tenant"). The property to be leased is located at _______________________________________ ("Premises").
Subject to the terms and conditions stated below and any applicable laws, this Agreement grants the Tenant the right to use and occupy the Premises for a term of ____________ months/years, commencing on ____________, 20____, and ending on ____________, 20____.
Rent
The monthly rent for the Premises is $__________, payable on the first day of each month to the Landlord at the following address: ____________________________________________________. Late fees, if any, will apply as outlined in the section titled "Late Payments."
Security Deposit
A security deposit of $__________ is due upon signing this Agreement. This deposit will be held by the Landlord for the duration of the lease to cover any damages or unpaid rent. The deposit, minus any deductions, will be returned to the Tenant within __________ days after the end of the lease term, as per state-specific laws and regulations.
Late Payments
Rent received after the ______ day of the month will incur a late fee of $__________. Persistent late payments may result in additional penalties or termination of the lease.
Maintenance and Repairs
The Tenant agrees to keep the Premises in a clean and sanitary condition and to promptly notify the Landlord of any repair needs. The Landlord is responsible for major repairs and maintenance of the Premises unless the need for repair is due to the Tenant's negligence.
Use of Property
The Premises are to be used exclusively as a private residence by the Tenant(s) listed in this Agreement. No commercial activities may take place on the Premises without the Landlord's written consent.
Pets
Pets are not allowed on the Premises without the Landlord's prior written consent. If allowed, a non-refundable pet deposit of $__________ will be required.
Subletting
The Tenant shall not sublet any portion of the Premises without the written consent of the Landlord, which will not be unreasonably withheld.
Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the state in which the Premises is located.
Binding Effect
This Agreement is binding upon and shall inure to the benefit of the parties, their successors, assigns, and personal representatives.
Amendments
Any amendments to this Agreement must be in writing and signed by both parties.
Signatures
This Agreement is executed by the Landlord and Tenant as of the Effective Date.
Landlord: ___________________________________ Date: ____________
Tenant: _____________________________________ Date: ____________