Residential Lease Agreement Free Template (Rental Agreement)
This Residential Lease Agreement Template is a comprehensive document designed to establish the legal relationship between a landlord and a tenant for renting residential property. It outlines the terms and conditions that both parties must agree to, ensuring clarity on essential aspects like rent payments, security deposits, utilities, and other responsibilities. This agreement template can be tailored for different types of residential properties, including apartments, houses, or condos.
Residential Lease Agreement
1. The Parties
This section includes the names and addresses of both the Landlord and the Tenant, establishing the legal relationship between them.
- Landlord’s Information: Full name and mailing address of the landlord.
- Tenant’s Information: Full name and contact details of the tenant.
- Additional Occupants: Space to specify if there are any additional occupants living in the property.
2. Property Description
Details about the rental property, such as:
- Property Address
- Type of Residence (Apartment, House, Condo, etc.)
- Number of Bedrooms and Bathrooms
3. Lease Term
This section defines the lease duration and whether it’s a Standard Lease with specified start and end dates or a Month-to-Month Lease. Additionally, it specifies what happens at the end of the lease, such as automatic renewal or termination.
4. Rent
Key details related to the rent payments:
- Monthly Rent Amount
- Due Date: Typically the same day each month.
- Accepted payment methods, such as ACH transfer, cash, check, or credit card.
5. Security Deposit
Options for security deposits:
- Whether a deposit is required
- The deposit amount
- When the deposit will be returned to the tenant after the lease ends
6. Late Fees and NSF Fees
Outlines the penalties for late payments, including:
- Fixed late fee amounts or interest rates
- NSF (Non-Sufficient Funds) fees for bounced checks
7. Utilities & Services
Defines which utilities and services the Landlord is responsible for, such as:
- Water/Sewer
- Gas, Electricity, or Trash Removal
- Cable/Internet (if applicable)
8. Furnishings and Appliances
Clarifies if the property is furnished and what appliances are included, such as:
- Refrigerator, stove, dishwasher, washer/dryer, etc.
9. Pets
Details the pet policy, including:
- Whether pets are allowed
- Restrictions on the type, number, or size of pets
- Additional pet deposits or fees
10. Subletting
Specifies whether the tenant can sublet the property and under what conditions.
11. Renters Insurance
This section can require the tenant to maintain renters insurance with a minimum coverage amount for personal property and liability.
12. Smoking Policy
Clarifies whether smoking is allowed on the premises.
13. Additional Terms & Conditions
This section includes any additional terms, such as move-in inspections, parking arrangements, and maintenance responsibilities.
Our template allows you to easily modify the agreement to suit your specific needs. Whether you’re a landlord looking to protect your property or a tenant seeking clarity on your rental terms, this Residential Lease Agreement template can be adjusted to reflect your terms and conditions.