A residential lease contract is used as the official evidence between the landlord and the lessee. Such a contract includes details of the tenant and the landlord, specifications of the resident and commitment clauses.
Sample Residential Lease Contract:
Lease contract Number: 45/ LC
This residential lease contract is made and entered between Mr. Joan Hamilton, hereinafter known as the landlord, AND, Ms. Lilly Timberlake, hereinafter referred as the Lessee.
Permanent address details of the parties:
- The Landlord
Address: House No. 4, Down City Lake, Toronto, Canada
Phone: 5858 574 4739
- The Lessee
Address: House No. 50, Robeson Street, Toronto, Canada
Working Phone: 7898 675 3627
This contract is commencing on November 26th, 2010 and is ending on November 26th, 2011.
- Details of the Property leased:
Address: House No: 7, Down City Lake, Toronto, Canada
Facilities: Fully furnished
Hereby, to obey the residential lease contract, following mentioned are the conditions:
The Lessee will make an advance payment of $ 4567 to the landlord as a security deposit, whereas $ 456 will be the monthly rental which should be paid on 5th of every month.
- Obligations & Responsibilities:
The lessee will be responsible for the taking care of the resident along with the furniture. Any damage occurred to the facilities, will be paid by the lessee only.
Any of the viololation can dissolve this lease contract for which the guilty party will make a payment of $ 500 as a compensation settlement amount.
Both the parties are requested to validate the contract:
Signature of the Landlord:
Singed by the Lessee:
Signature of the Witness: