A rental agreement between two parties is a legal document that outlines the terms and conditions of renting a property from one party to another. It outlines the rights and responsibilities of both the renter and the landlord.
If you are a landlord or tenant, it is essential to have a written rental agreement to protect the interests of both parties. This article will provide you with a sample rental agreement between two parties.
This rental agreement (hereinafter referred to as “Agreement”) is made and entered into on [Date] by and between [Landlord`s Name] (hereinafter referred to as “Landlord”) and [Tenant`s Name] (hereinafter referred to as “Tenant”).
The Landlord agrees to rent out the property located at [Property Address] (hereinafter referred to as “Property”) to the Tenant for the term of this Agreement.
The term of this Agreement shall commence on [Date], and shall continue until [Date] (hereinafter referred to as “Term”).
The Tenant agrees to pay the Landlord a monthly rent of [Rent Amount] on or before the [Due Date] of every month during the Term.
The Tenant shall pay a security deposit of [Security Deposit Amount] to the Landlord before occupying the Property. The Landlord shall return the security deposit to the Tenant within [Number of Days] days after the Tenant vacates the Property, less any damages or unpaid rent.
Use of Property
The Tenant agrees to use the Property only for residential purposes and to comply with all applicable laws and regulations. The Tenant shall not make any alterations to the Property without the Landlord`s prior written consent.
Maintenance and Repairs
The Tenant shall maintain the Property in good condition and shall promptly notify the Landlord of any necessary repairs. The Landlord shall be responsible for major repairs and maintenance.
The Tenant shall pay for all utilities and services necessary for the use of the Property, including but not limited to, electricity, gas, water, and internet.
Either party may terminate this Agreement upon [Notice Period] days written notice to the other party.
This Agreement shall be governed by the laws of the state of [State], and any legal dispute arising from this Agreement shall be resolved in the courts of [County].
This Agreement constitutes the entire understanding between the parties and supersedes all prior negotiations, understandings, and agreements between the parties.
In Witness Whereof, the parties have executed this Agreement as of the date first written above.
[Landlord`s Signature] [Tenant`s Signature]
[Landlord`s Printed Name] [Tenant`s Printed Name]
This sample rental agreement between two parties is a basic template that can be customized to meet the specific needs of the landlord and tenant. It is important to read and understand all the terms and conditions of the Agreement before signing it.
If you have any questions or concerns about the Agreement, it is recommended that you consult with a qualified legal professional. A well-drafted rental agreement can protect both the landlord and tenant`s interests and help avoid disputes in the future.