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What is Tenancy Agreement?
Tenancy Agreement A Tenancy Agreement outlines the terms and conditions for renting a property, specifying rent, lease duration, responsibilities of the landlord and tenant, and other rental terms.
Sample template:
RESIDENTIAL TENANCY AGREEMENT
This Tenancy Agreement (the "Agreement") is entered into as of the Effective Date by and between the Landlord and Tenant (the "Parties").
1. PARTIES AND PROPERTY DESCRIPTION
1.1. Landlord
Name: __________________, Address: ________________________, City: _______________, State: ____________, Zip Code: ___________.
1.2. Tenant
Name: __________________, Address: ________________________, City: _______________, State: ____________, Zip Code: ___________.
1.3. Property
A two-bedroom residential dwelling located at 123 Elm Street, Apartment 4B, Springfield, County of Greenfield, State of New York, approximately 1,200 square feet in size, featuring a living room, kitchen, two bedrooms, one bathroom, and a small balcony, situated within a well-maintained apartment complex known as “Greenfield Heights Apartments” and with access to common amenities such as a swimming pool and fitness center, furnished and equipped with essential appliances such as refrigerator, stove, and dishwasher (the “Premises”).
2. TERM AND RENT
2.1. Lease Term
The lease term shall commence on the Effective Date and end on ____________, unless earlier terminated in accordance with the terms of this Agreement (the “Term”).
2.2. Rent Amount
The Tenant shall pay the Landlord a monthly rent of ____________ United States Dollars (USD $______) (the “Rent”), due on the first day of each calendar month during the Term, without demand or setoff.
2.3. Security Deposit
The Tenant shall pay a security deposit of ____________ United States Dollars (USD $______) (the "Security Deposit") to the Landlord on or before the Effective Date. The Security Deposit shall be returned to the Tenant, less any deductions for damages or unpaid Rent, within thirty (30) days after the termination of this Agreement.
3. MAINTENANCE AND REPAIRS
3.1. Landlord Responsibilities
The Landlord shall be responsible for maintaining the Premises in a habitable condition, making necessary repairs to the electrical, plumbing, heating, and cooling systems, and repairing or replacing any furnished appliances not functioning properly. The Landlord shall provide timely notice to the Tenant of planned repairs or maintenance.
3.2. Tenant Responsibilities
The Tenant shall maintain the Premises in a clean and sanitary condition, promptly notify the Landlord of any required repairs, and be responsible for repairing any damage caused by the Tenant's negligence or misuse. The Tenant shall not make any modifications or alterations to the Premises without the prior written consent of the Landlord.
4. USE OF PREMISES
4.1. Residential Use
The Premises shall be used by the Tenant solely for residential purposes and shall not be used for any illegal or immoral activities. The Tenant shall comply with all laws, rules, and regulations applicable to the use of the Premises.
4.2. Occupants
The Premises shall be occupied only by the Tenant and the following listed occupants: _____________________________________, who shall comply with the terms of this Agreement.
4.3. Pets
No pets shall be kept on or about the Premises without the prior written consent of the Landlord.
5. TERMINATION AND VACATING
5.1. Termination
Either Party may terminate this Agreement with a thirty (30) days prior written notice to the other Party. The Tenant may be held liable for any remaining unpaid Rent due for the Term unless a replacement tenant acceptable to the Landlord is found.
5.2. Vacating
Upon termination of this Agreement, the Tenant shall vacate the Premises, remove all personal belongings, promptly return all keys to the Landlord, and leave the Premises in a clean and undamaged condition, free of any debris or garbage.
6. MISCELLANEOUS
6.1. Governing Law and Jurisdiction
This Agreement shall be governed by and construed in accordance with the laws of the United States and the State of New York, and any disputes arising out of this Agreement shall be subject to the exclusive jurisdiction of the courts of the State of New York.
6.2. Entire Agreement
This Agreement, including any exhibits attached hereto, constitutes the entire agreement between the Parties and supersedes any prior or contemporaneous understandings, representations, negotiations, or agreements, whether oral or written, with respect to the subject matter herein.
IN WITNESS WHEREOF, each of the Parties has executed and delivered this Agreement, in duplicate, as of the Effective Date.
LANDLORD: ________________________ TENANT: ________________________
(Signature) (Signature)
Name: _____________________________ Name: __________________________
Date: _____________________________ Date: __________________________
Sections of a Residential Tenancy Agreement
In this Residential Tenancy Agreement, you will see the following sections:
- Parties and Property Description
- Term and Rent
- Maintenance and Repairs
- Use of Premises
- Termination and Vacating
- Miscellaneous
Going indepth - Analysis of each section:
- Parties and Property Description : This section introduces the landlord and tenant, providing their names and addresses. It also describes the property being rented, including its location, size, and features. Think of it as the "who" and "where" of the agreement.
- Term and Rent : This part outlines the duration of the lease, the monthly rent amount, and the security deposit. It's like the "how long" and "how much" of the agreement. The security deposit is like a safety net for the landlord in case of damages or unpaid rent.
- Maintenance and Repairs : This section explains the responsibilities of both the landlord and tenant when it comes to maintaining and repairing the property. The landlord takes care of major systems and appliances, while the tenant keeps the place clean and reports any issues. It's like a division of labor for keeping the property in good shape.
- Use of Premises : This part sets the rules for how the tenant can use the property. It states that the property is for residential use only, lists who can live there, and whether pets are allowed. It's like the "do's and don'ts" for living in the property.
- Termination and Vacating : This section explains how either party can end the agreement and what the tenant must do when moving out. It's like the "how to break up" and "clean break" part of the agreement.
- Miscellaneous : This part covers legal aspects like which state's laws apply to the agreement and that this document is the entire agreement between the parties. It's like the "fine print" and "no take-backs" part of the agreement.
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