When you`re renting a room in someone`s home, it`s important to have a lease agreement in place to protect both the landlord and the tenant. A lease agreement is a legal document that outlines the terms and conditions of the rental agreement.
Here is a sample lease agreement for renting a room:
Landlord: [Landlord`s Name]
Tenant: [Tenant`s Name]
1. Property: The landlord agrees to rent a room to the tenant located at [Address], including access to the common areas of the residence.
2. Term: The rental term will begin on [Start Date] and end on [End Date]. If the tenant wishes to remain in the room after the term has ended, a new rental agreement must be signed.
3. Rent: The monthly rent will be [Rent Amount] due on the [Due Date] of each month. Rent may be paid in cash or by [Accepted Payment Methods]. Late fees will be charged if rent is not paid on time.
4. Deposit: The tenant will pay a security deposit of [Security Deposit Amount] to the landlord before moving in. The security deposit will be returned to the tenant at the end of the rental term, provided the tenant has fulfilled all terms of the rental agreement.
5. Utilities: The landlord will provide [Utilities Included in Rent] as part of the rent. Any additional utilities used by the tenant will be paid for by the tenant.
6. Maintenance/Repairs: The landlord will be responsible for any necessary repairs to the room or common areas of the residence. The tenant will be responsible for any damage caused by the tenant.
7. Termination: Either party may terminate this lease agreement with [Notice Period] days` written notice to the other party.
8. Governing Law: This lease agreement will be governed by the laws of the state of [State] and any applicable federal laws.
9. Entire Agreement: This lease agreement represents the entire agreement between the landlord and the tenant and supersedes all prior negotiations, understandings, and agreements.
10. Signature: Both the landlord and the tenant agree to the terms of this lease agreement by signing below.
Landlord Signature: ___________________________ Date: _________________
Tenant Signature: _____________________________ Date: _________________
In conclusion, if you`re renting a room, it`s important to have a lease agreement in place. This sample lease agreement provides a framework for creating a legally binding document that protects both the landlord and the tenant. As always, it`s important to consult with a legal professional to ensure the lease agreement is in compliance with local laws.