A common tenancy contract is a regular tenancy contract which is commonly used by the legal authorities to record tenancy arrangements. The contract records all the required details of the parties involved in contract signing, the terms of the tenancy, the date of expiry or the duration etc. A sample of a common tenancy contract has been given here.
Sample Common Tenancy Contract
Date of signing the contract: 15th May, 2012
The contract is being entered by a Mr. Samuel Rendell, the property owner, and a Mr. Penn Bass, the tenant of the property, as on the signing date.
The contract states that Mr. Rendell is renting out the property in question to Mr. Penn Bass for the rent amount of $1000 per month. The contract holds validity for a period of 2 years(which is termed as the EFFECTIVE PERIOD) from the date of signing.
Details of the property owner:
Name: Mr. Samuel Rendell
Contact No.: 574-559-285
Correspondence Address: 64, Bella Rosa Street, Cistern Square, New Jersey, USA.
Details of the tenant:
Name: Mr. Penn Bass
Contact No.: 675-753-222
Correspondence Address: 74, Basin Elm Street, Redford, New Jersey, USA.
Details of the Property:
Location: 25, Beta Phi Street, Redford, New Jersey, USA.
Property Type: Commercial
Terms of the contract:
- 1. The tenant has residing rights for the period of validity of the contract, i.e. it is not a permanent ownership transfer of any sort.
- 2. The damage repairs (if any) during the residing period of the tenant must be borne by them.
- 3. The contract is henceforth a legally binding document.
_____________________ (Mr. Samuel Rendell)
_____________________ (Mr. Penn Bass)