A real estate rental contract is a legal document entered between two parties where one individual rents his real estate property to another individual for a fixed period of time and for a fixed monthly rent. The advantage of creating a real estate rental contract is that it acts as evidence in case if any legal issue arises between both the parties. These types of contracts include details of the owner, tenant, rental amount, rental period and others.
Sample Real estate rental contract
Real Estate Rental Contract Number: R 12
Effective Date of contact: October 12th, 2011
This real estate rental contract has been entered into between John Mayo referred to as the owner and Jack Ripper referred to as the tenant.
Details of owner:
Residential address: 12 Regina High Street,
New York, New Jersey 2345
Contact number: 567890
Mobile number: 645546
E mail id: firstname.lastname@example.org
Details of the tenant:
Residential address: 12 Glenn High Street,
New York, New Jersey 2367
Contact number: 567900
Mobile number: 645345
E mail id: email@example.com
As per the contract, the tenant will be renting the real estate owned by the owner located at:
34 Mountain High Road,
New York, New Jersey 7890
Terms and conditions:
- The tenant will have to pay a deposit of $8000 to the owner in advance. Failure in making payment to the owner in advance will lead to cancellation of the contract.
- The monthly rental amount to be paid by the tenant is $2000.
- The contract ends on October 12th, 2013.
In agreement to the above terms and conditions:
Signature of the owner: Signature of the tenant:
John Mayo Jack Ripper