LEASE AGREEMENT
This Lease Agreement is made on [DATE] between [FIRST TENANT], [SECOND TENANT], [THIRD TENANT] (the “Tenants”), and [LANDLORD] (the “Landlord”), whose address is [ADDRESS]. This Lease Agreement details the rights and obligations of both the Tenants and Landlord.
A. DESCRIPTION OF PREMISES
1.The Landlord provides for lease to the Tenants the following described residential property (the “Property”):
[FULL ADDRESS]
B. TERM OF THE LEASE
1. The term of the Lease Agreement (the “Term”) shall begin on [DATE], and shall end on [DATE] (the “Expiration Date”), unless such time shall be extended as provided herein.
C. RENTALS
1. The Tenants shall pay the Landlord rent in the amount of [AMOUNT IN WORDS AND NUMBERS] for the full term of the Lease.
2. Rent shall be due and payable on the [DAY] of each month, in advance, to the Landlord at [ADDRESS].
3. In the event the Tenants shall be in arrears in payment of rent for five (5) consecutive days or longer, the Tenants shall be subject to a late charge of [AMOUNT], plus interest on the unpaid rent at the rate of [PERCENTAGE] per month, to be calculated as of the sixth (6th) day of arrears.
D. SECURITY DEPOSIT
1. The Tenants shall deposit with the Landlord, as security for performance of the Tenants’ obligations and agreements under the Lease Agreement, the sum of [AMOUNT IN WORDS AND NUMBERS] (the “Security Deposit”). The Security Deposit shall be refunded to the Tenants at the end of the term, provided the Tenants have met all of the terms and conditions of the Lease Agreement and have not caused any damage to the Property.
2. In the event that the Tenants default under the Lease Agreement, or in the event of any other breach or violation thereof, such Security Deposit shall be and hereby is applied to the deductions and payments of all losses, damages, or expenses incurred by or imposed on the Landlord by reason of such default, breach, or violation.
E. PROPER USE
1. The Tenants shall use the Property solely for private dwelling purposes, and shall not permit or suffer the Property to be used for an illegal purpose or for any purpose in violation of any laws, ordinances, or regulations.
2. The Tenants shall not use or keep any combustible or explosive liquids, or materials, or any firearms, or live poultry, or stocks, or livestock in any portion of the Property.
3. The Tenants shall not create any public or private nuisance on the Property, nor shall the Tenants, their guests, or invitees annoy, disturb, intimidation, or otherwise interfere with the peace and quiet of any adjacent or adjacent property.
4. The Tenants shall adhere to all local, state, and federal laws, regulations, and ordinances during their occupancy of the Property.
F. MAINTENANCE
1. The Tenants shall maintain the Property in the same state of cleanliness and repair as it was in at the signing of this Lease Agreement.
2. The Tenants shall not make any alterations or additions to the Property without the prior written consent of the Landlord.
3. The Tenants shall be solely responsible for all maintenance, repairs, or replacements that are necessary due to normal wear and tear of the Property.
G. ACCESS
1. The Landlord shall have the right to enter or inspect the Property at reasonable times and upon reasonable notice.
2. If the Tenants are in arrears in payment of rent for more than five (5) days, the Landlord shall have the right to enter the Property and make demand for the back rent, subject to applicable state laws.
3. The Landlord reserves the right to enter the Property for the purpose of making necessary or agreed repairs.
4. The Tenants shall not withhold permission for the Landlord to enter or inspect the Property, nor shall the Tenants interfere with the Landlord’s exercise of the rights herein granted.
H. ASSIGNMENT
1. The Tenants shall not, without the prior written consent of the Landlord, assign this Lease Agreement or sublease any portion of the Property.
I. INDEMNIFICATION
1. The Tenants shall hold and save harmless the Landlord from and against any and all claims, suits, or judgments, and all costs and expenses, including, but not limited to, reasonable attorneys’ fees, which may be brought against the Landlord by reason of any act or omission of the Tenants, their family, agents, guests, or invitees.
2. The Tenants shall also be liable to the Landlord for any and all damages to the Property due to negligence, willful acts, or failure to observe any and all of the Terms of this Agreement.
J. CONTRACTUAL REMEDIES
1. In the event of a breach of this Lease Agreement by either the Tenants or the Landlord, the non-breaching party may pursue any of the following remedies as may be appropriate under the circumstances:
a) Terminate this Lease Agreement and repossess the Property;
b) Pursue any and all other remedies allowed by law; or
c) Take any combination of the above remedies.
K. SEVERABILITY
1. If any term or provision of this Lease Agreement shall be found to be unenforceable or invalid, the remaining terms and provisions shall be unaffected thereby and shall remain in full force and effect.
L. ENTIRE AGREEMENT
1. This Lease Agreement constitutes the entire agreement between the Tenants and the Landlord, and it may only be modified by written agreement signed by both parties.
2. Neither party shall be bound by any terms, conditions, representation, or warranties, expressed or implied, not contained herein.
IN WITNESS WHEREOF, the parties have executed this Lease Agreement on the day, month, and year first written above.
THE TENANTS:
Name 1
Name 2
Name 3
THE LANDLORD:
Name
Date: ___________
Acknowledgment: ___________
