Free Residential Rental/Lease Agreement

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Residential Rental/Lease Agreement

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RESIDENTIAL LEASE AGREEMENT

THIS LEASE (the "Lease") dated this 27th day of May, 2018

BETWEEN:

_________________________

(the "Landlord")

- AND-

_________________________

(the "Tenant")

(individually the “Party” and collectively the “Parties”)

IN CONSIDERATION OF the Landlord leasing certain premises to the Tenant and other valuable consideration, the receipt and sufficiency of which consideration is hereby acknowledged, the Parties agree as follows:

  1. Leased Property
  2. The Landlord agrees to rent to the Tenant the house, municipally described as ______________________, ______________________, Virginia  __________ (the "Property"), for use as residential premises only.  
  3. No guests of the Tenants may occupy the Property for longer than one week without the prior written consent of the Landlord.
  4. No animals are allowed to be kept in or about the Property without the revocable written permission of the Landlord.
  5. Subject to the provisions of this Lease, the Tenant is entitled to the use of parking on or about the Property.
  6. The Tenant and members of Tenant's household will not smoke anywhere in the Property nor permit any guests or visitors to smoke in the Property.
  7. Term
  8. The term of the Lease commences at 12:00 noon on May 27, 2018 and ends at 12:00 noon on May 27, 2018.
  9. Rent
  10. Subject to the provisions of this Lease, the rent for the Property is $___________ per month (the "Rent").
  11. The Tenant will pay the Rent on or before the ____________________ of each and every month of the term of this Lease to the Landlord at ______________________, ______________, ______________________ __________ or at such other place as the Landlord may later designate by cash or check.
  12. Tenant Improvements
  13. The Tenant will obtain written permission from the Landlord before doing any of the following:
    1. applying adhesive materials, or inserting nails or hooks in walls or ceilings other than two small picture hooks per wall;
    2. painting, wallpapering, redecorating or in any way significantly altering the appearance of the Property;
    3. removing or adding walls, or performing any structural alterations;
    4. installing a waterbed(s);
    5. changing the amount of heat or power normally used on the Property as well as installing additional electrical wiring or heating units;
    6. placing or exposing or allowing to be placed or exposed anywhere inside or outside the Property any placard, notice or sign for advertising or any other purpose; or
    7. affixing to or erecting upon or near the Property any radio or TV antenna or tower.
  14. Insurance
  15. The Tenant is hereby advised and understands that the personal property of the Tenant is not insured by the Landlord for either damage or loss, and the Landlord assumes no liability for any such loss.
  16. Attorney Fees
  17. In the event that any action is filed in relation to this Lease, the unsuccessful Party in the action will pay to the successful Party, in addition to all the sums that either Party may be called on to pay, a reasonable sum for the successful Party's attorney fees.
  18. Governing Law
  19. This Lease will be construed in accordance with and exclusively governed by the laws of the Commonwealth of Virginia.
  20. Severability
  21. If there is a conflict between any provision of this Lease and the Act, the Act will prevail and such provisions of the Lease will be amended or deleted as necessary in order to comply with the Act. Further, any provisions that are required by the Act are incorporated into this Lease.
  22. The invalidity or unenforceability of any provisions of this Lease will not affect the validity or enforceability of any other provision of this Lease.  Such other provisions remain in full force and effect.
  23. Amendment of Lease
  24. This Lease may only be amended or modified by a written document executed by the Parties.
  25. Assignment and Subletting
  26. The Tenant will not assign this Lease, or sublet or grant any concession or license to use the Property or any part of the Property. Any assignment, subletting, concession, or license, whether by operation of law or otherwise, will be void and will, at Landlord's option, terminate this Lease.
  27. Damage to Property
  28. If the Property should be damaged other than by the Tenant's negligence or willful act or that of the Tenant's employee, family, agent, or visitor and the Landlord decides not to rebuild or repair the Property, the Landlord may end this Lease by giving appropriate notice.
  29. Care and Use of Property
  30. The Tenant will promptly notify the Landlord of any damage, or of any situation that may significantly interfere with the normal use of the Property or to any furnishings supplied by the Landlord.
  31. The Tenant will not engage in any illegal trade or activity on or about the Property.
  32. The Parties will comply with standards of health, sanitation, fire, housing and safety as required by law.
  33. The Parties will use reasonable efforts to maintain the Property in such a condition as to prevent the accumulation of moisture and the growth of mold. The Tenant will promptly notify the Landlord in writing of any moisture accumulation that occurs or of any visible evidence of mold discovered by the Tenant. The Landlord will promptly respond to any such written notices from the Tenant.
  34. If the Tenant is absent from the Property and the Property is unoccupied for a period of 4 consecutive days or longer, the Tenant will arrange for regular inspection by a competent person. The Landlord will be notified in advance as to the name, address and phone number of the person doing the inspections.
  35. At the expiration of the term of this Lease, the Tenant will quit and surrender the Property in as good a state and condition as they were at the commencement of this Lease, reasonable use and wear and tear excepted.
  36. Rules and Regulations
  37. The Tenant will obey all rules and regulations of the Landlord regarding the Property.
  38. Lead Warning
  39. Housing built before 1978 may contain lead based paint. Lead from paint, paint chips, and dust can pose health hazards if not taken care of properly. Lead exposure is especially harmful to young children and pregnant women. Before renting pre-1978 housing, lessors must disclose the presence of known lead-based paint hazards in the dwelling.  Lessees must also receive a federally approved pamphlet on lead poisoning prevention.
  40. Address for Notice
  41. For any matter relating to this tenancy, the Tenant may be contacted at the Property or through the phone number below:
    1. Name: _________________________
    2. Phone:  _________________________
  42. For any matter relating to this tenancy, whether during or after this tenancy has been terminated, the Landlord's address for notice is:
    1. Name: _________________________
    2. Address: ______________________, ______________, ______________________ __________

      The contact information for the Landlord is:

    3. Phone:  _________________________
  43. General Provisions
  44. All monetary amounts stated or referred to in this Lease are based in the United States dollar.
  45. Any waiver by the Landlord of any failure by the Tenant to perform or observe the provisions of this Lease will not operate as a waiver of the Landlord's rights under this Lease in respect of any subsequent defaults, breaches or non-performance and will not defeat or affect in any way the Landlord's rights in respect of any subsequent default or breach.
  46. This Lease will extend to and be binding upon and inure to the benefit of the respective heirs, executors, administrators, successors and assigns, as the case may be, of each Party. All covenants are to be construed as conditions of this Lease.
  47. All sums payable by the Tenant to the Landlord pursuant to any provision of this Lease will be deemed to be additional rent and will be recovered by the Landlord as rental arrears.
  48. Where there is more than one Tenant executing this Lease, all Tenants are jointly and severally liable for each other's acts, omissions and liabilities pursuant to this Lease.
  49. Locks may not be added or changed without the prior written agreement of both Parties, or unless the changes are made in compliance with the Act.
  50. The Tenant will be charged an additional amount of $__________ for each N.S.F. check or checks returned by the Tenant's financial institution.
  51. Headings are inserted for the convenience of the Parties only and are not to be considered when interpreting this Lease. Words in the singular mean and include the plural and vice versa. Words in the masculine mean and include the feminine and vice versa.
  52. This Lease may be executed in counterparts. Facsimile signatures are binding and are considered to be original signatures.
  53. This Lease constitutes the entire agreement between the Parties.
  54. During the last 30 days of this Lease, the Landlord or the Landlord's agents will have the privilege of displaying the usual 'For Sale' or 'For Rent' or 'Vacancy' signs on the Property.
  55. Time is of the essence in this Lease.

IN WITNESS WHEREOF _________________________ and _________________________ have duly affixed their signatures on this 27th day of May, 2018.

 

_______________________________
______________________(Landlord)

 

_______________________________
______________________(Tenant)

The Tenant acknowledges receiving a duplicate copy of this Lease signed by the Tenant and the Landlord on the _____ day of ______________________, 20____.

 

_______________________________
______________________(Tenant)


Mold Disclosure

Property: ______________________, ______________________, Virginia  __________
Landlord: _________________________
Tenant: _________________________

Landlord's Mold Disclosure

MOLD DISCLOSURE: There are many types of mold. Inhabitable properties are not, and cannot be, constructed to exclude mold. Moisture is one of the most significant factors contributing to mold growth. Information about controlling mold growth may be available from your county extension agent or health department. Certain strains of mold may cause damage to property and may adversely affect the health of susceptible persons, including allergic reactions that may include skin, eye, nose, and throat irritation. Certain strains of mold may cause infections, particularly in individuals with suppressed immune systems. Some experts contend that certain strains of mold may cause serious and even life-threatening diseases. However, experts do not agree about the nature and extent of the health problems caused by mold or about the level of mold exposure that may cause health problems. The Centers for Disease Control and Prevention is studying the link between mold and serious health conditions. The seller, landlord, seller's agent, buyer's agent, or property manager cannot and does not represent or warrant the absence of mold. It is the buyer's or tenant's obligation to determine whether a mold problem is present. To do so, the buyer or tenant should hire a qualified inspector and make any contract to purchase, rent, or lease contingent upon the results of that inspection. A seller, landlord, seller's agent, buyer's agent, or property manager who provides this mold disclosure statement, provides for the disclosure of any prior testing and any subsequent mitigation or treatment for mold, and discloses any knowledge of mold is not liable in any action based on the presence of or propensity for mold in a building that is subject to any contract to purchase, rent, or lease.

Date: 27th day of May, 2018

  _________________________________
Landlord: _________________________

Tenant's Disclosure

The Tenant ACKNOWLEDGES receipt of the information contained in the above Landlord's Mold Disclosure.

Date: 27th day of May, 2018

  _________________________________
Tenant: _________________________

Residential Lease Information

Alternate Names:

A Residential Lease is sometimes called a:

  • House Rental Agreement
  • Lease Agreement
  • Lease Form
  • Rental Contract

What is a Residential Lease?

A Residential Lease agreement is a form that both the tenant(s) and landlord(s) negotiate and sign when the tenant will be renting property from the landlord. The Lease includes property, tenant, and landlord details.

The Lease also covers:

  • The term or length of the contract (fixed or periodic)
  • The amount and frequency of rent
  • Whether there can be rent increases
  • If tenants are allowed to smoke, have pets, or a home business
  • The amount of security/damage deposit, charges for late payments, additional charges (such as utilities)
  • The maintenance and insurance obligations
  • Any signing incentives
  • The guest rules
  • An option to purchase
  • An option to renew

Both the tenant and the landlord should keep a copy of the signed agreement for their records.

What can I use a Residential Lease for?

You can use this Rental Contract for any type of residential property rental, including:

  • House
  • Apartment
  • Condo
  • Mobile Home
  • Basement Suite
  • Duplex
  • Townhouse
  • Room
  • Other living spaces
  • Rent-to-own options

Who needs a Residential Lease Agreement?

When entering into any type of residential rental circumstance you should ensure that you have a valid contract to outline your rights and responsibilities as a landlord or a tenant. People who may find this form useful are:

  • Homeowners looking for tenants
  • Tenants looking for a home to rent
  • Landlords, property managers, and tenant placement services
  • Individuals renting residential property to family and/or friends
  • Tenants or landlords looking to rent a property with the option to buy

Can I rent-to-own?

A common form of a rent-to-own agreement is a rental contract with an option to purchase or buy. An option to purchase gives the tenant the chance to buy the home for a certain price within a certain period of time.

This form of agreement is used where a landlord wishes to sell a home but the potential tenant either has a negative credit rating or can't save a large enough deposit for a lender-based mortgage.

The tenant(s) pay a non-refundable option fee and in return the landlord provides the renter an option to purchase the home at a predetermined price. If the tenant decides not to purchase the property, the landlord keeps the option fee or deposit.

Forms Related to a Residential Lease:

  • Residential Rental Inspection Report: used by landlords and tenants to inspect the state of a rental property before and after tenancy to assess any damages
  • Residential Rental Application: a document used by landlords to screen potential tenants for a rental property
  • Roommate Agreement: an agreement that details responsibilities and obligations of people who are living together
  • Commercial Lease Agreement: a contract that details the rights, duties, and responsibilities of business tenants who are leasing commercial space from a landlord
  • Residential Sublease Agreement: used by a tenant to sublease a residential property to a new tenant before the current tenant's lease has expired
  • Personal Property Rental Agreement: used to rent personal property to, or from, another person
  • Eviction and Lease Notices: forms for both landlords and tenants such as Eviction Notice, Notice of Lease Violation, Notice to Increase Rent, Notice of Termination, Demand for Compliance or Possession, Notice to Pay Rent, Notice to Repair, and Notice of Intent to Vacate

Frequently Asked Questions:

Residential Lease Agreement FAQ
Sample Residential Lease

Sample

Residential Lease Agreement

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