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Montana Temporary Residential Lease - Occupied by Purchaser

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Montana Temporary Residential Lease - Occupied by Purchaser Powered By Docstoc
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                             This Temporary Residential Lease can be used by a purchaser of property located in
                             Montana who wishes to occupy the property prior to closing. Purchasers may need to
                             lease property prior to closing when their existing leases have expired and they negotiate
                             with the existing owner to establish short term tenancies. Temporary Residential Lease
                             Agreements are for short-term leases up to 90 days. The seller becomes the landlord and
                             the purchaser becomes the tenant in this transaction. This document contains the material
                             terms of the agreement including the parties' names, a property description, rental amount
                             and the term of the lease. It can be customized to fit the specific needs of the contracting
                             parties.
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     NOTICE: For use only when Purchaser occupies the property for no more than 90 days PRIOR
                                           to closing.

              TEMPORARY RESIDENTIAL LEASE (OCCUPIED BY PURCHASER)

     STATE OF Montana

     COUNTY OF __________________________

1.   PARTIES.

        The parties to this lease are _____________________________ [Instruction: Insert the
        name of landlord], having place of residence at _____________________________
        [Instruction: Insert the address of landlord] (hereinafter “Landlord”), and
        ________________________________ [Instruction: Insert the name of tenant], having
        place of residence at _____________________________ [Instruction: Insert the address of
        tenant] (hereinafter “Tenant”). Landlord and Tenant may individually be referred to as
        “Party” or collectively as the “Parties”.

2.   LEASE.

        Landlord leases to Tenant the property described in the contract between Landlord as seller
        and Tenant as purchaser dated ____ [Month] ____ [Date], 20____, and known as
        ___________________________________________________________________________
        ___________________________________________________________________________
        ___________________________________________________________________________
        ___________________________________________________________________________

        [Instruction: Insert the address of property].

3.   TERM.

        The term of this lease commences on ____ [Month] ____ [Date], 20____ [Instruction:
        Insert the commencement term of the lease] and terminates as specified in Paragraph 18.

4.   RENTAL.

        Rental will be ________ ($___) per day [Instruction: Insert the rent by researching local
        rental market, e.g., fifty dollars ($50)]. Upon commencement of this lease, Tenant shall
        pay to Landlord the full amount of rental of ________ ($___) [Instruction: Insert the full
        rental amount, e.g., one thousand dollars ($1,000)] per day for the anticipated term of the
        lease (commencement date to the closing date specified in Paragraph 18a of the contract). If
        the actual term of this lease differs from the anticipated term, rent will be prorated and paid at
        closing through the actual closing date. No portion of the rental will be applied to payment of
        any items covered by the contract.

5.   SECURITY DEPOSIT.



     © Copyright 2011 Docstoc Inc. registered document proprietary, copy not                  2
     1. Tenant has paid to Landlord ________ ($___) [Instruction: Insert the security deposit, e.g.,
        five hundred dollars ($500)] as a deposit to secure performance of this lease by Tenant. If
        this lease is terminated before the closing, Landlord may use the deposit to satisfy Tenant's
        obligations under this lease. Landlord shall refund to Tenant any unused portion of the
        deposit together with an itemized list of all deductions from the deposit within Twenty (20)
        days as per Section 14, Title 25- Landlord and Tenant, Chapter 55, of Montana Code, after
        Tenant:

        a. surrenders possession of the property; and

        b. Provides L
				
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Description: This Temporary Residential Lease can be used by a purchaser of property located in Montana who wishes to occupy the property prior to closing. Purchasers may need to lease property prior to closing when their existing leases have expired and they negotiate with the existing owner to establish short term tenancies. Temporary Residential Lease Agreements are for short-term leases up to 90 days. The seller becomes the landlord and the purchaser becomes the tenant in this transaction. This document contains the material terms of the agreement including the parties' names, a property description, rental amount and the term of the lease. It can be customized to fit the specific needs of the contracting parties.
This document is also part of a package Essential Montana Legal Documents 145 Documents Included