A lease agreement, also known as a rental agreement or tenancy agreement, is a legal contract between a landlord (the owner of a property) and a tenant (the individual or entity renting the property). This Lease Agreement Template outlines the terms and conditions under which the tenant is granted the right to occupy and use the property for a specified period of time in exchange for payment of rent.
Key elements typically included in this Lease Agreement Template are:
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Identification of the parties involved (landlord and tenant).
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Description of the demised leased property (address, unit number, etc.).
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Duration of the lease (start and end dates).
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Rent amount, due date, and payment method.
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Security deposit amount and terms.
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Rights and responsibilities of both landlord and tenant (maintenance, repairs, utilities, etc.).
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Rules and regulations for the use of the property (pets, noise, subletting, etc.).
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Procedures for handling disputes or breaches of the agreement.
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Any additional terms or provisions specific to the rental arrangement.
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