A property rental contract is a written document that is made when a TENANT wishes to rent a property from the broker or the LANDLORD. This document is legal in nature as the violation of the terms and conditions mentioned in it can lead to legal implications.
Sample property rental contract
This contract is made between two parties known as the LANDLORD and the TENANT.
This contract is made effective on the date: 29’Th Jan, 2011
The details of the parties:
Details of the LANDLORD
Name: Mr. Russell Andrews
Mr. Andrews is hereby referred to as the LANDLORD and agrees to rent the land to TENANT.
Details of the TENANT
Name: Mr. William Mark
Mr. Mark is hereby referred to as the TENANT and agrees to pay a rental charge for the property.
Address of property: 12-J, Kell Street, London
Duration of contract: 12 months starting from 1’St March, 2011
Purpose of property renting: Office space
Total rental charge: $2000
The amount shall be paid in equal monthly instalments which are to be paid on 1st of each month.
Terms and conditions:
- The TENANT shall use the property only for the official purpose as mentioned above.
- The TENANT shall not sublease the property to a third party under any circumstances without informing and taking permission from the OWNER.
- The TENANT shall pay the rental charge on time to avoid late charges of $150.
- The LANDLORD shall take care of all the legal matters relating to the property.
Russell Andrews William Mark