Sample Lease Agreement

What is a lease agreement? It is a legal document that binds the contract between a person who owns the property and the person who leases the property. A lease agreement details out the obligations under which the landlord and the tenant sign the agreement. While these agreements can be oral or written, it is always prudent to have a written lease agreement to avoid any misunderstandings or arguments in the future.

Laws on lease agreements differ according to state laws but some key aspects are deposits, rents, rights, and notice periods. These are features that are a must in every lease agreement as will be evident if you look at any sample lease agreement available online. Check your state laws to ensure that there are no legal tangles in your lease agreement. Lease agreements serve well in case of any argument between the landlord and the tenant, especially if there is any evidence of subleasing.

Sample of a Lease Agreement for Renting a House

Given below is a sample for a lease agreement that you can use to understand how lease agreements should be drafted and what you need to keep in mind while the lawyer is drafting a lease agreement for renting a house.

As per this agreement signed at 24, Earl Court, North Hampshire, Boston - 3425545 on the First day of August, 2010, the owner of this property (hereafter referred to as Landlord) John Riley and the person leasing the property (hereafter referred to as Tenant) Amanda Lauren agree to the following conditions. Property The Landlord as per this document leases this property to the Tenant for as long as specified in this agreement. The details of the property are: Located at 251, Espen Lane, Oak Street, North Hampshire, Boston - 342576 with the following appliances on the property: Refrigerator Microwave Ovens Heating appliances Geysers Wardrobes Light fixtures Term of Agreement The term of this agreement is for two years starting as of First day of August, 2010 and ending on First day of August, 2012. At the end of the term of the agreement, the lease will be renewed for a month unless specified otherwise by one of the parties involved in the agreement. In case one of the parties involved needs to dissolve the agreement herein, the concerned party needs to give a notice fifteen days prior to the termination of the lease. The notice of termination of lease agreement needs to be in writing. Rent As per the agreement signed between the Landlord and the Tenant, the Tenant agrees to pay a rent amount of USD 1000 every month, due by the First day of every month and sent out as a check in the name of John Riley. Deposit The Tenant has agreed as per this agreement to pay the Landlord a deposit of USD 10000 for which the Landlord will provide the Tenant with a receipt of acknowledgment. This deposit will be given back to the Tenant at the time of termination of the agreement and the check for the same made out to Amanda Lauren will be sent to the forwarding address that will be provided to the Landlord. If the Landlord reduces the amount of deposit returned due to damages incurred, then he will send out a list of damages and the cost of repair. Services Provided The Landlord agrees to provide the Tenant with the following services. Electricity Gas Water Garbage Collection Snow Removal Inventory Checklist Attached with this agreement is an inventory checklist that the Tenant will take note of and return to the Landlord with mention of any change in the condition of the said items. The Landlord may not reduce the deposit amount for damages incurred before the Tenant took possession of the property. Other Conditions The Tenant shall not sublease the property without getting permission from the Landlord. If the Landlord needs to enter the premises when the Tenant is in residence, he has to give a notice of 24 hours at the minimum. The Tenant agrees to not use the property for any commercial or business dealings and agrees to maintain the property well. The Tenant agrees to use the property without disturbing the neighbors or creating nuisance or disturbing the peace of the neighborhood. Any changes to this agreement will be made only when the changes are agreed to by both the parties involved and signed by both the parties. Landlord John Riley Signature Tenant Amanda Lauren Signature

This is a sample of a lease agreement for a housing property. In case you have been looking for a sample of a commercial lease agreement or that of a business lease agreement, the agreement will more or less be similar except that it will be devoid of the clause that states that commercial activities on the premise are not allowed. Most commercial properties have a higher rental value and a lease agreement for the same will be drafted accordingly. Sample sublease agreements can also be drafted in a similar fashion. While a lease agreement template will ensure that you just need to fill in the details and take a print of the same, it may be a good idea to refer to a sample lease agreement as that will allow you to draft a lease agreement with your own conditions in place. There are many websites that will allow you to download free lease agreements to help you understand the same. It is important to get a lease agreement drafted by a lawyer as it is a legal document that is valid in the court of law and therefore, needs to be watertight. A sample of a lease agreement will allow you to understand the document before you head out to a lawyer to get one drafted.