Sample Basic Lease Agreement

If you`re a landlord or tenant, a basic lease agreement is a crucial document that outlines the terms and conditions of renting a property. A lease agreement is a legally binding document that sets out the rights and obligations of both the landlord and the tenant, as well as the terms of the lease.

Here`s a sample basic lease agreement that can be customized to suit your needs:

LEASE AGREEMENT

This Lease Agreement (the «Agreement») is made on [DATE], between [LANDLORD NAME] («Landlord») and [TENANT NAME] («Tenant»).

1. PROPERTY: Landlord hereby leases to Tenant the property located at [ADDRESS] (the «Property») for use as a residential dwelling.

2. TERM: The term of this Agreement shall commence on [DATE] and shall continue until [DATE].

3. RENT: Tenant shall pay rent to Landlord in the amount of [AMOUNT] per month, due on the [DAY] of each month.

4. SECURITY DEPOSIT: Tenant shall pay a security deposit in the amount of [AMOUNT] to Landlord upon the execution of this Agreement. The security deposit shall be returned to Tenant at the end of the lease term, less any deductions for damages, unpaid rent, or other charges as allowed by law.

5. UTILITIES: Tenant shall be responsible for all utilities associated with the Property, including but not limited to electricity, gas, water, and trash.

6. USE OF PROPERTY: The Property shall be used only for residential purposes and shall not be used for any unlawful purpose.

7. MAINTENANCE AND REPAIRS: Tenant shall maintain the Property in a clean and orderly condition, and shall make any necessary repairs caused by Tenant`s negligence or misuse. Landlord shall be responsible for any repairs needed due to normal wear and tear.

8. PETS: [PET POLICY, IF ANY]

9. TERMINATION: This Agreement may be terminated by either party with [NOTICE PERIOD] days` written notice.

10. GOVERNING LAW: This Agreement shall be governed by the laws of the state of [STATE].

11. ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, understandings, and agreements between the parties.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

[LANDLORD NAME]

[LANDLORD SIGNATURE]

[TENANT NAME]

[TENANT SIGNATURE]

A basic lease agreement should cover key terms such as the property being leased, the rent, the term of the lease, and any rules and restrictions regarding the use of the property. It`s important to have a clear and concise agreement that both parties fully understand before signing.