As a renter or a landlord, it`s important to have a clear and concise lease agreement in place before finalizing any rental agreements. A well-written home lease agreement can help protect both parties and ensure a smooth rental experience.
To help get you started, here is a sample home lease agreement:
1. Lease Terms
This section should clearly outline the duration of the lease, including the start and end dates, as well as any automatic renewals or termination clauses.
2. Rent and Security Deposit
This section should include the amount of rent, due date, and late fees, as well as the amount and terms of the security deposit. Be sure to also specify how the security deposit will be used, such as for damages or unpaid rent.
3. Occupancy
This section should specify the number of tenants allowed in the home, as well as any restrictions on subletting or additional occupants.
4. Property Use
This section should outline the permitted uses of the property, such as for residential purposes only, and any prohibited activities, such as illegal drug use.
5. Maintenance
This section should specify the responsibilities of both the landlord and tenant regarding maintenance and repairs. Be sure to also include details on how maintenance requests should be reported and addressed.
6. Utilities
This section should outline which utilities are included in the rent and which are the responsibility of the tenant. Be sure to also specify any restrictions on the use of utilities, such as excessive electricity usage.
7. Termination
This section should specify the conditions under which either party can terminate the lease agreement, such as breach of terms or non-payment of rent.
8. Pets
If pets are allowed, this section should detail any restrictions or requirements, such as a pet deposit or weight limit.
9. Insurance
This section should specify whether the tenant or landlord is responsible for obtaining rental insurance to cover damages or liability.
10. Governing Law
This section should specify which state laws govern the lease agreement and any disputes that may arise.
Remember, a well-written home lease agreement is a key component of any successful rental experience. Ensure that both parties understand and agree to the terms outlined in the agreement before signing, and keep a copy for future reference.
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