A lease agreement contract is a lease contract drafted between two individuals, one referred to as the owner and the other referred to as the tenant. As per the lease agreement, the owner agrees to give his property on lease to the tenant and both the parties have to agree upon few terms and conditions mentioned in the agreement.
Sample Lease Agreement contract
Lease agreement contract number: R 345
Agreement effective date: 5th of November 2011
This Lease agreement contract has been drafted between Nathan Lee (the owner) with principal address being 45 Rain Maker Street, Now Land, New Finland and Archie Andrews (the tenant) with residential address being 35 Cloud Maker Street, Now Land, New Finland.
As per the contract Archie Andrews is supposed to be the tenant of the property owned by Nathan Lee which is located at:
32 Eraser Vanish Road,
Now Land, New Finland.
Both the parties have to agree to the following terms and conditions:
- The contract period begins from 5th of November 2011 and ends on 4th of November 2013.
- The tenant has to pay rent every month for an amount of $2000. In case of three consecutive defaults in rent payment, the contract can be terminated.
- The tenant assures that he won’t be using the property for any commercial purpose and can use it only for residential purpose.
It is evident that both the parties have agreed to the above terms and conditions by putting their signature below:
Signature of owner: Signature of tenant:
Nathan Lee Archie Andrews