Lease Agreement Template
Creating a lease agreement is essential for establishing clear terms between landlords and tenants. This basic framework provides key components for a rental agreement, covering everything from rent payments and security deposits to maintenance responsibilities and termination policies. Perfect for landlords and property managers, this template ensures both parties understand their rights and obligations, helping prevent potential disputes. Customize this template to fit specific terms and local laws, and consider consulting a legal professional for added peace of mind.
This Lease Agreement (“Agreement”) is made on [Date] by and between [Landlord’s Full Name] (“Landlord”) and [Tenant’s Full Name] (“Tenant”).
1. Property Details
- Address: [Full Address of the Rental Property]
- Type of Property: [e.g., Apartment, House, Condo]
2. Lease Term
- Start Date: [Lease Start Date]
- End Date: [Lease End Date, if applicable] or specify if it’s a month-to-month lease.
- Renewal Option: Specify if the lease will automatically renew or require a new agreement.
3. Rent Payment
- Monthly Rent: $[Amount]
- Due Date: [Date rent is due each month, e.g., “1st of every month”]
- Payment Method: [e.g., Bank transfer, check, etc.]
- Late Fee: Specify any late fees, e.g., “$50 if rent is not received within 5 days of the due date.”
4. Security Deposit
- Amount: $[Amount]
- Deposit Purpose: Security for potential damage beyond normal wear and tear.
- Refund Terms: Outline the conditions for deposit return, such as cleaning or repair requirements.
5. Utilities and Maintenance
- Utilities: Specify which utilities (e.g., water, electricity, gas) are covered by the landlord and which are the tenant’s responsibility.
- Maintenance and Repairs: State which party is responsible for general upkeep and any specific maintenance obligations of the tenant, such as lawn care or appliance maintenance.
6. Occupants and Use of Property
- Authorized Occupants: List names of all authorized occupants.
- Use of Property: State that the property is for residential use only and cannot be subleased or used for commercial purposes without landlord’s permission.
7. Pets
- Pet Policy: Specify if pets are allowed or prohibited. If allowed, detail any additional fees or deposit required.
8. Alterations and Modifications
- Tenant Alterations: State that the tenant cannot make structural changes or alterations to the property without written permission from the landlord.
9. Entry and Inspection
- Landlord’s Right of Entry: Specify the notice required for the landlord to enter the property for inspections, repairs, or other reasons (e.g., “24 hours’ notice”).
10. Termination and Renewal
- Termination Notice: Specify the notice period required for either party to terminate the lease (e.g., “30 days’ notice for month-to-month leases”).
- Renewal: Explain renewal options and how to handle lease extensions if applicable.
11. Liability and Insurance
- Tenant’s Responsibility: Specify that the tenant is liable for damages caused by negligence.
- Renter’s Insurance: State if the tenant is required to obtain renter’s insurance.
12. Governing Law
- Jurisdiction: State which state’s laws will govern the lease.
13. Signatures
- Landlord’s Signature: ___________________________ Date: _______________
- Tenant’s Signature: ____________________________ Date: _______________
Disclaimer: This Lease Agreement Template provides a basic framework and should be customized based on specific rental terms and applicable local laws. For complex situations or additional clauses, consulting a legal professional is recommended.