A rental lease agreement is a legal document that puts forth the terms and conditions that come with a lease that has been drawn up to acquire some property on rental basis, generally for a short period of time, which can be renewed later on in most cases. Such a lease can be prepared for personal (residential) or official purposes (office buildings, commercial stores, etc.), but should always be framed coherently so as to avoid any legal complications later on.
Sample Rental Lease Agreement:
Lease Number: 562974
This lease agreement proposes that all the clauses have been properly read and understood by each and every party involved in the contract for lease of an apartment [check the details provided in the later part of the document], to be used for the purpose of conducting tutorial classes. It has been agreed by all that these stipulations will be strictly followed and any breach of contract will be deemed punishable under law. The agreement has been given in details below:
Date(s) of validity: 3rd November, 2011 – 3rd November, 2012
Name of the lessor: Mr. Lionel Anthony
Address: 15, Kelvinson Apartments, New York
Name of lessee: Marc Rogers
Address: 56, Lindsay Street, New York
Property to be taken on lease: 15 – B, Kelvinson Apartments, New York
Area: 1000 sq feet
Cost: $ 2500000
The signing of the lease has been witnessed by:
- Advocate Sandy Rogers
- Emily Sharon
The property is to be used strictly for tutorial classes and not for residential purposes.
I affirm to have provided all information properly and promise to abide by all the rules and regulations of the state.
[Signature of lessor]
[Signature of lessee]