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Residential Rental Agreement

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Residential Rental Agreement Powered By Docstoc
					This document provides a template rental agreement between a landlord and tenant
and should be used for residential properties. The agreement sets forth the key terms
and policies governing the rental of the premises and contains provisions common to
other rental agreements, such as the term of the lease, the amount of rent,
responsibilities of the tenant, parking available, and covenants made by both the tenant
and landlord. This form contains both standard clauses and opportunities for the use of
optional terms and conditions making it fully customizable to fit the needs of the
landlord.
                       RESIDENTIAL RENTAL AGREEMENT
       This Rental Agreement is entered into by and between the Landlord and Tenant (as
described herein and referred to in the singular whether one or more) on the following terms and
conditions:

PARTIES:               TENANT:           _____________________________________
                       [Instruction: Insert tenant name]
                       CURRENT ADDRESS
                       ______________________________________
                       ______________________________________
                       [Instruction: Insert the address of the subject premises if the
                       tenant shall occupy the premises as the tenant’s primary
                       residence. If the subject premises will not be occupied as the
                       tenant’s primary residence, then insert tenant’s current mailing
                       address as this address will be used to serve notices under this
                       Rental Agreement.]

                       [Note: Insert additional tenant name and address blocks as necessary]

                       Landlord:               _____________________________________
                                               [Instruction: Insert Landlord name]
                       Premises:               _______________________________________
                                               _______________________________________
                                               Hereinafter the “Premises”
                                               [Instruction: insert description of premises, including the
                                               address; if only a portion of an address is to be rented,
                                               include a brief description of unit (i.e., that certain
                                               portion of 100 ABC Boulevard, New Town, New State
                                               11111 consisting of approximately 600 square feet and
                                               containing 1 bedroom, 1 bathroom, kitchen and living
                                               area)]

NOTICE: Any notice required or permitted under this Rental Agreement or under state law
shall be deemed sufficiently given or served if sent by United States certified mail, return receipt
requested to the parties at the addresses listed above, unless otherwise changed by either party.

    1.      Term: The term of this Rental Agreement shall be _____________ [Instruction:
    Insert length of term]. The first day of the Rental Agreement term shall be
    _____________. [Instruction: Insert first date of rental] The termination date
    (“Termination Date”) shall be _____ [Instruction: Insert termination date] at 11:59 PM,
    except as otherwise set forth herein.

    2.     Rentals: Rent for the Premises shall be ______ [Instruction: Insert per month
    rental amount] per month. Rent is due on or before the first day of each month during the
    term of this Rental Agreement. If not remitted on the 1st, Rent shall be considered overdue


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    and delinquent on the 2nd day of each calendar month. Rent shall be paid to Landlord at the
    address listed above. Acceptable forms of payment of Rent to Landlord shall be by Tenant’s
    good check, subject to collection or official check issued by any bank, savings bank, trust
    company or savings and loan association, unendorsed and payable to Landlord.

    In the event that any payment by Tenant is returned for insufficient funds (“NSF”) or if
    Tenant stops payment, Tenant will pay $_____ [Instruction: Insert amount to be charged
    for insufficient check fee; note, amount should be reasonable and related to bank fees
    Landlord would incur in such instance] to Landlord for each such check, plus late fees as
    described herein until Landlord has received payment in full. Further, Landlord may require
    in writing that Tenant pay Rent in cash for three (3) months, and that all future Rent
    payments shall be remitted by Tenant to Landlord by money order or cashier's check.

    Landlord will apply all funds received from Tenant first to any non-rent obligations of
    Tenant including late charges, returned check charges, charge-backs for repairs, brokerage
    fees, and periodic utilities, then to rent, regardless of any notations on a check.

    In the event that any payment required to be paid by Tenant is not made in full within 3 days
    of when due, Tenant shall pay to Landlord, in addition to such payment or other charges due,
    a "late fee" in the amount of Twenty-Five United States Dollars ($25.00) per day until such
    payment is paid in full. If Rent is paid by the 3rd day of the month for the month in which it
    is due, Landlord will waive the late fee for that month. Any waiver of late fees under this
    paragraph will not affect or diminish any other right or remedy Landlord may exercise for
    Tenant’s failure to timely pay rent. Further, any waiver of late fees under this paragraph
    shall not constitute a waiver of any future or past late charge.
    3.     Tenant Responsibilities: Tenant shall be responsible for
    ___________________________________________________________________________
    ___________________________________________________________________________
    ____________________________
    [Instruction: List if Tenant will be responsible for shoveling driveway or walkways,
    lawn care, changing furnace filters monthly, ensuring rock
				
DOCUMENT INFO
Description: This document provides a template rental agreement between a landlord and tenant and should be used for residential properties. The agreement sets forth the key terms and policies governing the rental of the premises and contains provisions common to other rental agreements, such as the term of the lease, the amount of rent, responsibilities of the tenant, parking available, and covenants made by both the tenant and landlord. This form contains both standard clauses and opportunities for the use of optional terms and conditions making it fully customizable to fit the needs of the landlord.
This document is also part of a package Real Estate Business Templates 153 Documents Included