A residential lease example refers to a sample of a residential lease agreement or contract created by the owner of a house who shall be leasing the property to a tenant for residential purposes in return for a monthly rent. The lease document is made for a particular duration and the parties can extend the lease at the end of the term. The lease must give the names of both the parties clearly and the rent amount to be paid. Most landlords keep a security amount for any potential damages which must be included in the lease so that it can be returned to the tenant without any conflict at the end of the contract. Other terms and conditions can also be added regarding the maintenance of the house and the rights of the tenant.
Sample Residential Lease Example:
This residential lease agreement has been made on March 14, 2012 by Joe Bomer, the owner of the property, henceforth to be mentioned as the landlord, and Jim Adams to whom the property has been leased, henceforth to be known as the tenant.
- Property Address: 92 Mountain Road, El Paso
- Rent per month: $600
Terms and Conditions:
- The tenant shall use the house for residential purposes only, failing to do which may result in the termination of the contract
- The tenant shall pay the rent within a week of every month or a late fee of $10 per day will be charged
- A refundable security deposit of $1,000 will be paid by the tenant
Signature (Landlord): Date: March 14, 2012
Signature (Tenant): Date: March 14, 2012