A residential property rental contract is a kind of a contract which is made when the owner of a residential property agrees to rent the property to a tenant for a fixed period of time and in return for a certain fixed rent amount. Such contracts are legal document which if violated, can lead to legal implications and actions.
A residential property rental contract consists of terms and conditions and also the details of the parties and the details of the property which is being rented. The following is a sample of a residential property rental contract that can be used as a reference document.
Sample Residential Property Rental Contract
This residential property rental contract has been framed by and between the LANDLORD and the TENANT.
This contract has been framed on the effective date of 12th August 2013 and shall remain into effect till its termination date which is 12th August 2014.
The following are the details of the parties involved.
Name: Mr. Tim Garner
Address: S-89, first floor, Potter’s building, London
Phone number: 472097920
Name: Mr. Peter Black
Address: 34-g, second floor, Greg estate, London
Phone number: 4029032595
Address: S-67, ground floor, Marks road, London
Type: residential flat
Rent per month: $2000
The following are the terms and conditions of the contract:
- The LANDLORD must hand over the property to the TENANT on the effective date of the contract till the termination date.
- This property can only be used for residential purpose and if the TENANT is found to use it for any other purpose, then he/she will be chargeable for offence.
- The TENANT must make the monthly rental payments within the first week of each month.
- The TENANT shall be responsible for repairing and servicing of the property in case of any damage etc.