When it comes to putting together a lease agreement, it’s important to make sure you have all your bases covered. A well-written lease agreement can protect you as a landlord and ensure that your tenants understand their responsibilities. Here’s a sample of a lease agreement letter to help get you started.
[Date]
[Landlord’s Name and Address]
[Tenant’s Name and Address]
Dear [Tenant’s Name],
This lease agreement (the “Agreement”) is made and entered into on [Date] by and between [Landlord’s Name] (the “Landlord”), and [Tenant’s Name] (the “Tenant”).
1. Property. The Landlord agrees to lease to the Tenant the property located at [Property Address] (the “Property”).
2. Term. The term of this Agreement shall be for [Lease Term] months, beginning on [Start Date] and ending on [End Date]. This Agreement may be renewed by mutual agreement of the parties.
3. Rent. The Tenant agrees to pay the Landlord [Rent Amount] per month, due on the [Due Date] of each month. Late payments may be subject to a fee of [Late Fee Amount].
4. Security Deposit. The Tenant shall pay a security deposit of [Deposit Amount] to the Landlord upon execution of this Agreement. The security deposit shall be returned to the Tenant within [Number of Days] days of the end of the lease term, provided the Tenant has complied with all terms of this Agreement.
5. Use of Property. The Tenant shall use the Property for residential purposes only and shall not use the Property for any illegal or improper purposes.
6. Maintenance and Repairs. The Tenant shall keep the Property in good condition and repair and shall promptly report any necessary repairs to the Landlord. The Tenant shall be responsible for any damage caused by the Tenant’s negligence or misuse.
7. Termination. Either party may terminate this Agreement upon [Notice Period] days’ written notice to the other party.
8. Governing Law. This Agreement shall be governed by the laws of [Governing Law], and any disputes arising under this Agreement shall be resolved in accordance with those laws.
9. Entire Agreement. This Agreement contains the entire understanding of the parties and supersedes all prior agreements and understandings, whether written or oral.
Please sign below to indicate your agreement to the terms of this lease agreement.
Sincerely,
[Landlord’s Name]
[Landlord’s Signature]
[Tenant’s Name]
[Tenant’s Signature]