A tenant lease agreement is a document which is legal in its import, and outlines the terms and conditions based upon which a transaction or agreement will be effected between the tenant and the landlord for a particular property. It must contain the details of the agreement like duration, financial terms and conditions, purpose of lease and so on. Care should be taken to make it error-free and in compliance with the norms laid down by the law.
Sample Tenant Lease Agreement
This tenant lease agreement [contract number 3464375] is hereby effected between Mr. John Lennon [hereby referred to as the lessor] of 34 Mapleton Avenue, New York and Mr. Karl Morgan [henceforth referred to as the lessee] of 5B Silverton Street, New Jersey for the leasing of an apartment owned by the former to the latter. The apartment to be leased is located at 12th and 14th Streets, New York, and is priced at 23 Million USD by current real estate specifications. This apartment shall be used for family occupancy only, by the lessee and the duration of the tenant lease agreement is 2 years. The date of commencement of the lease is 23rd June 2012 and the date of termination is 23rd June 2014.
The lessee is required to pay an initial security deposit of 1000 USD to the lessor, which shall be followed up by monthly rentals of 500 USD. All terms and conditions of the tenant lease agreement must be clearly understood by all parties concerned.
Signature of lessor: ___________________________
Signature of lessee: ____________________________