A residential lease agreement is a document prepared to set distinctly all terms and conditions associated with a lease that has been specifically taken for residential use purposes. It is a legal record of each and every clause that frames the lease and should be written in a compact but clear manner so as to make the proceedings understandable to both the leaser and the lessee.
Sample Residential Lease Agreement:
Lease agreement number: 67353
This residential lease agreement is to state that all the involved parties, to whom the lease has been subject to, have thoroughly read every term involved herein and clearly understood them, so much so that each one has agreed to solemnly abide by all conditions included in the document. Any discrepancy in the promise will be considered as a breach of contract and will be legally dealt with. The details of the contract involve the following points:
Nature of lease agreement: The lease has been drawn up for serving the residential needs of the middle-class bank employees for a period of six years.
Validity span of the lease: 11th August, 2011 – 11th August, 2017.
Leaser’s name: Royalty Real Estate Companies
Address: 74, Levin Street, London
Lessee’s name: Mike Arthur
Address: 45, Riviera Lane, London
Property acquired on lease: 11/ 7 – D, Royalty Apartments, London
Area: 1550 sq feet
Price as per recent rates: $ 6500000
The lease agreement was signed in the presence of:
- Joey Stephenson
- Albert Anthony [advocate]
It is to declare that I will sincerely follow all rules and regulations and, also confirm that the information contained herein is authentic, to the best of my knowledge.
Leaser’s signature: _______________________________
Lessee’s signature: _______________________________