When it comes to renting an apartment, a contract agreement is crucial in ensuring both the landlord and the tenant are protected and have a clear understanding of their responsibilities. To help you get started, here is a sample contract agreement for an apartment rental.
Introduction
This agreement is made between [Landlord`s name] (hereafter referred to as “Landlord”) and [Tenant`s name] (hereafter referred to as “Tenant”) for the rental of the apartment located at [Address] (hereafter referred to as “Premises”). This agreement is valid from [Start date] to [End date].
Rent
The Tenant agrees to pay the Landlord [Monthly rent amount], due on the [Due date] of each month. The rent shall be paid at [Method of payment] [Payment method details]. If the rent is not paid within [Grace period], the Tenant shall be charged a late fee of [Late fee amount].
Security Deposit
The Tenant shall provide a security deposit of [Security deposit amount] to the Landlord upon signing this agreement. The security deposit shall be refunded to the Tenant at the end of the lease term, provided there are no damages to the Premises.
Utilities
The Landlord shall provide [List of utilities provided by landlord] and the Tenant shall be responsible for paying for [List of utilities tenant is responsible for]. The Tenant agrees to use the utilities responsibly and not to waste them.
Maintenance and Repairs
The Landlord shall be responsible for maintaining the Premises in livable condition. The Tenant agrees to promptly notify the Landlord of any repairs or maintenance needed in the Premises. The Tenant shall be responsible for repairing any damages caused by the Tenant or his/her guests.
Subleasing
The Tenant shall not sublease the Premises without the Landlord`s written consent.
Pets
[Indicate whether or not pets are allowed in the Premises]. If pets are allowed, the Tenant agrees to keep the pets under control and to clean up after them.
Termination
This agreement may be terminated by either party upon [Notice period] days written notice. The notice shall be delivered in writing to the other party.
Governing Law
This agreement shall be governed by the laws of [State/Province].
Entire Agreement
This agreement contains the entire agreement between the Landlord and Tenant and supersedes all prior agreements and understandings, whether written or oral.
Conclusion
This sample contract agreement for an apartment rental is just a starting point. It is important to customize the agreement based on your specific needs as a landlord or tenant. Make sure to carefully review the agreement and seek legal advice if necessary before signing. By having a clear and comprehensive contract agreement, you can avoid disputes and ensure a smooth rental experience.