An apartment lease contract is a lease contract which is prepared when an individual is granted the permission to use an apartment by the owner of the apartment. In such an arrangement the individual who is leasing out the apartment is the lessor and the individual seeking permission to use the apartment is referred to as the lessee.
The lessee in exchange of the permission to use the apartment makes a certain amount of payment to the lessor. Provided below is a sample of an apartment lease contract which is drawn to record the details of the lessor ad the lessee. The sample can be used by anyone in need.
Sample Apartment Lease Contract:
This lease contract is being prepared to be entered on 1st of May 1999, effective immediately. The parties entering the following contract are Mr. Austin Ray Billy, the lessor of the apartment and Mr. James Morrison, the lessee.
As per the contract the under mentioned apartment is being leased out by the owner Mr. Billy to a Mr. James Morrison.
Date of commencement of lease: 1st May 1999
Duration: 2 years.
Date of expiry of lease: 30th April 2001
Details of the Lessor:
Name: Mr. Austin Ray Billy
Contact No.: 450-346-658
Details of the Lessee:
Name: Mr. James Morrison
Contact No.: 411-274-653
Details of the Apartment:
Type: Loft Apartment, 2BHK
Location: 53, 5th Floor, Lexington Building, Lexington Street, New York, USA.
Terms and Conditions:
- The amount to be paid by the lessee for the lease has been negotiated between the parties.
- The lessee is responsible for any maintenance as well as the repairs of the apartment after the lease period starts.
- The lessee is not required to make any additional payments to the lessor during the period of the lease, besides the lease rent.
____________________________ (Mr. Austin Ray Billy)
____________________________ (Mr. James Morrison)