Residential Lease Agreement THIS LEASE AGREEMENT hereinafter referred to as the Agreement made and entered into this day of 20 by and between whose address is hereinafter referred to as Lessor and hereinafter referred to as Lessee. CONDITION OF PREMISES. Lessee stipulates represents and warrants that Lessee has examined the Premises and that they are at the time of this Lease in good order repair and in a safe clean and tenantable condition. ASSIGNMENT AND SUB-LETTING. Lessee shall not assign this Agreement or sub-let or grant any license to use the Premises or any part thereof without the prior written consent of Lessor. 14. SUBORDINATION OF LEASE. This Agreement and Lessee s interest hereunder are and shall be subordinate junior and inferior to any and all mortgages liens or encumbrances now or hereafter placed on the Premises by Lessor all advances made under any such mortgages liens or encumbrances including but not limited to future advances the interest payable on such mortgages liens or encumbrances and any and all renewals extensions or modifications of such mortgages liens or encumbrances. 20. DEFAULT. If Lessee fails to comply with any of the material provisions of this Agreement other than the covenant to pay rent or of any present rules and regulations or any that may be hereafter prescribed by Lessor or materially fails to comply with any duties imposed on Lessee by statute within seven 7 days after delivery of written notice by Lessor specifying the non-compliance and indicating the intention of Lessor to terminate the Lease by reason thereof Lessor may terminate this Agreement. Should a portion of the Premises thereby be rendered untenantable the Lessor shall have the option of either repairing such injured or damaged portion or terminating this Lease. In the event that Lessor exercises its right to repair such untenantable portion the rental shall abate in the proportion that the injured parts bears to the whole Premises and such part so injured shall be restored by Lessor as speedily as practicable after which the full rent shall recommence and the Agreement continue according to its terms. Lessor and its agents shall further have the right to exhibit the Premises and to display the usual for sale for rent or vacancy signs on the Premises at any time within forty-five 45 days before the expiration of this Lease. The right of entry shall likewise exist for the purpose of removing placards signs fixtures alterations or additions but do not conform to this Agreement or to any restrictions rules or regulations affecting the Premises. 31. MODIFICATION. The parties hereby agree that this document contains the entire agreement between the parties and this Agreement shall not be modified changed altered or amended in any way except through a written amendment signed by all of the parties hereto. 32. PERSONAL GUARANTY FOR VALUE RECEIVED and in consideration of Landlord entering into the above Lease with Tenant the undersigned hereby unconditionally guarantees the prompt and full payment of rent and other amounts due thereunder and the performance by Tenant of all other obligations terms and conditions of the Lease. 11. DAMAGE TO PREMISES. In the event the Premises are destroyed or rendered wholly untenantable by fire storm earthquake or other casualty not caused by the negligence of Lessee this Agreement shall terminate from such time except for the purpose of enforcing rights that may have then accrued hereunder. The rental provided for herein shall then be accounted for by and between Lessor and Lessee up to the time of such injury or destruction of the Premises Lessee paying rentals up to such date and Lessor refunding rentals collected beyond such date. Should a portion of the Premises thereby be rendered untenantable the Lessor shall have the option of either repairing such injured or damaged portion or terminating this Lease.
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What Is lease?
Each time you need to lease or rent property, you have to execute a certain contract to confirm a transaction. The type of document depends on a property you want to lease or rent. One of the most popular in the U.S. is a residential lease agreement. This legally binding document is usually concluded between the landlord and the tenant over the use of property and specifies their responsibilities and requirements.
Before concluding it, both parties have to agree the lease period, pay rate and define who is going to pay the utility services. It also required to determine who is responsible for any damages caused to property and evaluate its condition.
To prepare the file correctly, you can fill out a fillable sample in PDF online on this website. Each template is editable, so you can effortlessly customize it according to your requirements using a built-in PDF editor. Find below the list of details that should be provided:
names of the parties;
terms of a residential agreement;
detailed description of state of the leased real estate;
obligations and requirements of the parties;
personal details of a tenant and a landlord;
After considering a document, both parties have to put their signatures to make it legally binding. Preparing a form on this source, you are provided with ability to sign it digitally by typing, drawing or capturing a signature with a webcam.
Once you finish, send a completed agreement to a counter party for signing straight from the website. In case you need a hard copy of a contract, you can print it out in no time. Converting a template in PDF to other formats is also available.
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