Free Download Draft Lease Agreement of Residential Property

Draft LEASE AGREEMENT Residential Property

This Lease Agreement ("Agreement") is entered into on [DATE], by and between [LANDLORD NAME], ("Landlord") and [TENANT NAME] ("Tenant").

Property: The Landlord leases to the Tenant the residential property located at [PROPERTY ADDRESS] ("Property").

Term: The term of this Agreement shall be for [LEASE TERM] beginning on [START DATE] and ending on [END DATE], unless otherwise extended or terminated in accordance with this Agreement.

Rent: Tenant shall pay rent in the amount of [RENT AMOUNT] per month, due on the [DUE DATE] of each month. Rent payments shall be made to [LANDLORD NAME] at [ADDRESS] or to such other person or place as the Landlord may designate in writing.

Security Deposit: Tenant shall pay a security deposit in the amount of [SECURITY DEPOSIT AMOUNT] to the Landlord upon execution of this Agreement. The security deposit shall be held by the Landlord as security for the performance by the Tenant of all the terms and conditions of this Agreement. The security deposit shall be refunded to the Tenant, less any deductions for damages, within [TIME PERIOD] after the termination of this Agreement.

Use of Property: Tenant shall use the Property only for residential purposes and shall comply with all laws and regulations pertaining to the use of the Property. Tenant shall not use the Property for any unlawful purpose or in any way that may disturb the peaceful enjoyment of the Property by others.

Maintenance and Repairs: Tenant shall keep the Property in a clean and orderly condition and shall promptly notify the Landlord of any defects or necessary repairs. Tenant shall be responsible for the cost of any repairs or damages caused by the Tenant or the Tenant's guests.

Utilities: Tenant shall pay for all utilities and services used on the Property during the term of this Agreement, including but not limited to electricity, gas, water, and telephone.

Pets: [IF APPLICABLE] Tenant may keep pets on the Property only with the prior written consent of the Landlord and upon payment of a pet deposit in the amount of [PET DEPOSIT AMOUNT]. Tenant shall be responsible for any damages caused by the pet.

Subleasing: Tenant shall not sublease the Property or assign this Agreement without the prior written consent of the Landlord.

Default: Tenant shall be in default under this Agreement if Tenant fails to pay rent or violates any of the other terms or conditions of this Agreement. In the event of default, the Landlord may terminate this Agreement and evict the Tenant in accordance with applicable law.

Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the state of [STATE].

Entire Agreement: This Agreement contains the entire agreement of the parties and supersedes all prior negotiations, understandings, and agreements between them, whether written or oral.

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

Landlord: [LANDLORD NAME]

Tenant: [TENANT NAME