Free Residential Lease Agreement with a One Year Term
Residential Lease Agreements with One Year Term are used when renting residential property on a twelve-month basis. This lease agreement sets out the amount of rental payments, security deposit and late fees and the remedies to be taken in the event of a tenant's default. It also sets out policies regarding subletting the premises and whether or not pets are allowed.
Disclaimer:This was not drafted by an attorney & should not be used as a legal document.
Residential Lease Agreement/One Year Term
This Residential Lease Agreement ("Lease") is made by and between;
WHEREAS, Landlord is the lawful owner of the lease premised located at;
______________________________________________________ herein referred to as the “Leased Premises”)
WHEREAS, Landlord agree to lease the above referenced Leased Premises to Tenant, for a lease term and Tenant hereby agrees to lease the above referenced Leased Premise from Landlord for a one year lease term.
NOW THEREFORE; inconsideration of the mutual promises herein, contained and other good and valuable consideration, it is agreed;
1. Lease Term. Landlord hereby leases the Leased Premises to Tenant, and Tenant hereby leases the same from Landlord, for a one year lease term beginning __________________ and ending ________________.
2. Rent. Tenant shall pay to Landlord a monthly rent during the lease term in the amount of $_____________. Monthly payments shall be fixed for the entire lease term. Each monthly payment shall be due in advance on the first day of each calendar month during the lease term to Landlord at _____________________________. 3. Security Deposit. Tenant shall pay landlord a security deposit in the amount of $ _________________.
3. Utilities. Tenant shall be responsible to pay for all utilities required for the Leased Premise.
IN WITNESS WHEREOF, the parties have executed this Lease as of the day and year first above written.