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Timeshare Lease Agreement

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Timeshare Lease Agreement Powered By Docstoc
					Timeshare Lease Agreement
This Timeshare Lease Agreement is between an owner of a timeshare and a party that
wants to rent the timeshare for a specific period of time. Customize the information of
the parties, the timeshare’s address, the security deposit, the total rental fee, the
furnishings that are included with the timeshare, and more. In addition, this agreement
specifies the maximum number of occupants and guests the renter is allowed to have at
the timeshare. This agreement is ideal for individuals or small businesses that want to
rent a timeshare.
                               TIMESHARE LEASE AGREEMENT

THIS TIMESHARE LEASE AGREEMENT (hereinafter referred to as the “Agreement”) is
made and entered into as of __________________, [Instructions: Insert the date of this
agreement] by and between ________________________ [Instructions: Insert the Owner’s
name] (hereinafter referred to as the “Owner”), of _________________________________
[Instructions: Insert the Owner’s address] and ________________________ [Instructions:
Insert the Renter’s name] (hereinafter referred to as the “Renter”), of
_________________________________. [Instructions: Insert the Renter’s address]

WHEREAS, Owner is the owner of a timeshare property located at
____________________________ [Instructions: Insert the timeshare’s address] (the
“Premises”).

WHEREAS, Renter desires to lease the Premises from Owner; and subject to the terms and
conditions hereof, Owner desires to lease the Premises to Renter.

NOW, THEREFORE, for good and valuable consideration the receipt of which is hereby
acknowledged by each party hereto, it is agreed as follows:

1.       THE PREMISES

The Premises is a __________ (___) [Instructions: Insert the number of bedrooms] bedroom,
__________ (___) [Instructions: Insert the number of bathrooms] bathroom timeshare
property with a maximum occupancy of __________ (___) [Instructions: Insert the maximum
occupancy] persons. The Premises is leased as a furnished timeshare containing household
furniture, fixtures, appliances, household items and personal property (collectively the
“Furnishings”). A complete list of all such Furnishings is attached hereto as Exhibit “A”; no
other household furniture, fixtures, appliances, household items and personal property shall be
included with the Premises except as are included in Exhibit “A.”

       a.      Renter agrees that prior to commencing the Rental Period (as subsequently
defined herein); Renter shall inspect the Premises, including Furnishings subject to this
Agreement. Renter agrees to complete and deliver to Owner an “Inspection Sheet” setting forth
any items which are damaged or not in operable condition as an acknowledgment of the
condition of the Premises.

        b.     Owner shall, at Owner’s own cost and expense, keep and maintain the Premises in
a safe and sanitary condition and shall comply with all laws, ordinances, and regulations
pertaining to the condition of the Premises. Renter shall remedy, at Renter’s own cost and
expense, any deteriorations of or injuries to Premises occasioned by Renter’s lack of ordinary
care.

2.       TERM




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The term of the lease shall commence at __:__ am/pm [Instructions: Insert the start time of
the rental] on _________________ [Instructions: Insert the start date of rental] and shall
continue until __:__ am/pm [Instructions: Insert the end time of rental] on
___________________ [Instructions: Insert the end date of rental] (the “Rental Period”).

3.       COSTS

As used herein, “Costs” shall refer to the Retainer, the Rental Fee, and the Security Deposit,
collectively; as such terms are defined in this paragraph.

       a.      Retainer. Upon execution of this Agreement, Renter shall pay __________
Dollars ($____) [Instructions: Insert the retainer amount] to Owner, which shall be deemed a
non-refundable retainer (the “Retainer”).         In the event that Renter cancels prior to
commencement of the Rental Period the Retainer shall be retained by Owner. Otherwise, the
Retainer shall be applied against the Rental Fee.

       b.      Rental Fee. Renter shall pay __________ Dollars ($____) [Instructions: Insert
the total amount of the rental fee] (the “Rental Fee”) to Owner, prior to commencement of the
Rental Period, which payment shall cover the lease of the Premises for the Rental Period.

        c.      Security Deposit. Separate and apart from any other Costs, Renter shall pay
__________ Dollars ($____) [Instructions: Insert security deposit amount] to Owner, which
shall be a fully refundable security deposit (the “Security Deposit”). The Security Deposit is
security that the Renter will comply with all the terms of this Agreement. The Security Deposit
may not be used to pay any other Cost without the Owner’s prior written consent. If the Renter
defaults on this Agreement prior to the termination of the Rental Term, Owner may be able to
keep all or part of this Security Deposit to cover unpaid Costs and or/damage to the Premises. At
the end of the Rental Term, Owner will inspect and fully document the condition of the Premises
and the Furnishings. Provided that Renter returns the Premises and the Furnishings in the same
good condition, reasonable wear and tear excepted, as when Renter first received the Premises
and the Furnishings, the Owner will return the full Security Deposit amount. Otherwise, Owner
will provide Renter with an itemized list as to why the full Security Deposit amount is not being
returned and a check for any remaining Security Deposit owed to Owner after such deductions
have been made.

4.       USE OF PREMISES

       a.      Except as otherwise provided herein, only Renter will occupy the Premises during
the Rental Period. It is acknowledged by the parties hereto that the following persons shall also
occupy the Premises during the Rental Period: ___________________________ [Instructions:
Insert the names of other occupants] (the “Other Occupants”). In addition to Renter and the
Other Occupants, Renter may have up to __________ (___) [Instructions: Insert the maximum
number of guests] guests on the Premises at any one time. No other person shall be permitted
to occupy the Premises except with the prior written approval of Owner.




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        b.     Renter shall not keep any pet, or permit any pet to be kept, on the Premises,
without Owner’s prior written consent. Renter shall not allow the Premises to be used for any
improper, unlawful, or objectionable purpose. Renter shall not cause, maintain, or permit any
nuisance in, on, or about the Premises, or commit any waste in or on the Premises. Renter shall
not allow the Premises to be used in any manner that violates local zoning ordinances or any
other law applicable to the Premises.

5.       RULES AND REGULATIONS

Renter and Renter’s guests shall obey the rules and regulations governing the building, as they
currently exist and as they may be amended in the future. A copy of the rules and regulations
shall be provided to Renter prior to the commencement of the Rental Period.

6.       MISCELLANEOUS

       a.     This Agreement constitutes the entire agreement between the parties hereto with
respect to the specific subject matter hereof and supersedes all prior agreements or
understandings of any kind with respect to the specific subject matter hereof.

       b.       In the event that any provision or part of this Agreement shall be deemed void or
invalid by a court of competent jurisdiction, the remaining provisions or parts shall be and
remain in full force and effect.

       c.      Any and all additions, deletions, or modification to this Agreement must be in
writing and signed by the parties or it shall have no effect and shall be void.

       d.      This Agreement is binding upon and shall inure to the benefit of the respective
successors, licensees and/or assigns of the parties hereto. Notwithstanding anything to the
contrary contained herein, Renter may not assign this Agreement or sublet any portion of the
Premises, without the prior written consent of Owner.

       e.      No failure by either party to pursue any remedy resulting from any breach of any
provision of this Agreement by the other party shall be construed as a waiver of that breach or as
a waiver of any subsequent or other breach unless such waiver is in writing and signed by the
non-breaching party.

        f.      All notices, statements and/or requests for approvals ("notices") that either party
hereto is required or may desire to give to the other party shall be given in writing by addressing
the same to the other party at the addresses set forth above, or at such other address as may be
designated in a notice to the other party. Notices shall be made by personal delivery, courier, or
by certified U.S. mail, return receipt requested, postage prepaid. Notice shall be deemed given
on the date of delivery to the other party.

      g.    This Agreement shall be governed in accordance with the laws of the State of
____________________ [Instructions: Insert the state’s laws that will govern this




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agreement] applicable to agreements to be wholly performed therein, without giving effect to its
laws governing conflict of laws.

IN WITNESS WHEREOF the parties have duly executed this Agreement as of the date first
written above.

RENTER:                                                          OWNER:
__________ [Instructions: Insert name]                           __________ [Instructions: Insert name]



__________________________                                       __________________________
Authorized Signatory                                             Authorized Signatory




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                                                   EXHIBIT “A”

                                                  FURNISHINGS

______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________

[Instructions: Insert a list of household furniture, appliances and household items that are
included with the apartment]




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DOCUMENT INFO
Description: This Timeshare Lease Agreement is between an owner of a timeshare and a party that wants to rent the timeshare for a specific period of time. Customize the information of the parties, the timeshare’s address, the security deposit, the total rental fee, the furnishings that are included with the timeshare, and more. In addition, this agreement specifies the maximum number of occupants and guests the renter is allowed to have at the timeshare. This agreement is ideal for individuals or small businesses that want to rent a timeshare.