Room Rental Agreement

Room Rental Agreement ROOM RENTAL AGREEMENT A Room Rental Agreement is used by a home owner who desires to rent out a room in their home for additional income. This agreement sets out the terms of the rental arrangement between the owner and the tenant and provides for provisions such as rent amount, the term of the tenancy of the tenant and provisions in the event the tenant defaults on payment. 1 of 5 Room Rental Agreement ROOM RENTAL AGREEMENT THIS ROOM RENTAL AGREEMENT, (the “Agreement”) is made and entered into on the _____ day of ______________, 2009 between _______________ (hereinafter referred to as the “Owner”) and ________________ (hereinafter referred to as the “Tenant”). 1. Subject to the terms and conditions contained herein, the Owner hereby does rent to the Tenant, and the Tenant hereby rents rent from Owner, for residential purposes only, the premises known municipally as (the “Premises”). 2. The term of this Agreement shall commence on the ____ day of _________, 20____, and shall continue for a period of _______________ (_____) days/months thereafter and shall terminate on the _____ day of ______________, 20_____. 3. The Owner and the Tenant hereby acknowledge and agree that the Tenant shall pay to the Owner, the sum of _______________ ($________) payable in advance, as rent, on the _____ day of each and every months, commencing on the _____ day of _____________, 20____. 4. The Owner and the Tenant hereby acknowledgte and agree that should the Tenant fail to make payment of the rent in full on the day that such rent is due and payable to the Owner, the Tenant hereby agrees to pay to the Owner the rent in full within _____ (___) days after it is due. 5. Tenant hereby acknowledges and agrees to pay to the Owner a late charge of ___________ ($____) Dollars plus ___________ ($_____) Dollars for each additional day that the rent continues to be overdue. 6. The Owner and the Tenant hereby acknowledge and agree that the total late charges that may be paid by the Tenant to the Owner for any one (1) month period shall not exceed the sum of ___________ ($______) Dollars. This provisions does not waive the right of the Owner to demand payment of the rent in full on the day it is due and payable. 7. The Tenant hereby acknowledges and agrees to pay to the Owner the sum of ______________ ($_______) Dollars in respect of any check provided by the Tenant to the Owner in payment of rent or any other amount due under this Agreement is returned for lack of sufficient funds or a closed or nonexistent account. 8. The Owner and the Tenant hereby acknowledge and agree that the Tenant shall pay no security deposit in respect of the Premises. 9. The Owner and the Tenant hereby acknowledge and agreement that the Tenant shall be solely responsible for payment of all utility charges and shall pay in full, such utility charges on the day that they are due. 2 of 5 Room Rental Agreement 10. The Tenant hereby acknowledges and agrees that the Premises is to be used only by the Tenant as a private residence for the Tenant(s) named in paragraph one (1) above. The Tenant further hereby agrees that he/she will not use the Premises for any other purpose without the Owner's prior written consent. 11. The Owner and the Tenant hereby acknowledge and agree that the Tenant may have a guest stay on the Premises with the Tenant for a period up to _______ (___) months during any one year period. Occupancy by a guest stayi