Residential Property Lease Agreement printable pdf download

RESIDENTIAL PROPERTY LEASE AGREEMENT

1. DESCRIPTION OF THE PARTIES AND PREMISES

On this _____ day of _______________, 20___, _____________________________ (Owner/Manager) does

hereby lease to ________________________________ (Tenant), for use by members of Tenant’s household,

the unit described below:

ADDRESS:

The members of Tenant’s household who will live with Tenant in the dwelling unit are:

________________________________________________________________________

2. TERMS AND RENEWAL

The initial term of this lease shall begins: ___________________20___ and ends at midnight on

___________________ 20___. The lease will not be renewed unless Tenant notifies the owner at least 30 days

in advance and Owner/Manager agrees to renew it.

3. AMOUNT AND DUE DATE OF RENTAL PAYMENTS AND LATE CHARGES

a) The monthly rent shall be $____________.

b) Each month, beginning ______________, 20___, monthly rent shall be due and payable by the 1

day

of the month, or the next working day thereafter in the event the due date is a Saturday, Sunday, or

holiday.

c) A charge of $5/day will be made as a penalty for late payments received after the 1

day of the month,

or the next working day thereafter in the event the due date is a Saturday, Sunday, or holiday, unless

Tenant has informed Owner/Manager of good cause for the late rent in advance and it is agreed by

Owner/Manager.

4. RENT INCREASE

Owner/Manager may not increase the monthly rent amount during a lease term. Owner/Manager may increase

the monthly rent amount effective as of the end of a lease term, but only if:

a) Owner/Manager provides Tenant with at least 60 days prior notice of the proposed rent increase;

b) Owner/Manager and Tenant sign an addendum to this lease that implements the proposed rent increase.

5. SECURITY DEPOSIT

Tenant agrees to pay $________ as a security deposit to be used by Owner/Manager toward reimbursement of

the cost of repairing any damage (other than ordinary wear and tear) to the dwelling caused by Tenant, members

of the household, or persons on the premises with the consent of Tenant or members of the household, and any

rent or other charges owed by Tenant.

If everything is ok (no owed rent or reimbursement of the costs indicated above), the security deposit may be

used to pay the rent of last month. Otherwise, the security deposit may not be used to pay rent or other charges

while Tenant occupies the dwelling. In this case, Owner/Manager agrees to return the security deposit to Tenant

within thirty days after Tenant vacates, less any deductions for any of the costs indicated above.

6. UTILITY SERVICES

T=Tenant; O=Owner/Manager (check one):

Residential Property Lease Agreement