Short term lease agreements are a popular option for individuals who are temporarily relocating or looking to rent a property for a limited period of time. These agreements are typically used for lease periods of one to six months and can offer flexibility for tenants and landlords alike.
To better understand what a short term lease agreement entails, let`s take a look at an example.
Example of a Short Term Lease Agreement
This lease agreement (the “Agreement”) is made on [date] by and between [Landlord`s Name] (the “Landlord”) and [Tenant`s Name] (the “Tenant”).
Property Description
The Landlord agrees to lease the following property (the “Property”) to the Tenant:
[Address of Property]
Lease Term
The lease term shall begin on [date] and end on [date]. The Tenant shall vacate the Property on the last day of the lease term unless the parties agree to renew or extend the lease in writing.
Rent
The Tenant shall pay rent of [rent amount] per month, due on the [due date] of each month. Rent shall be paid to the Landlord at [address for rent payments].
Security Deposit
The Tenant shall pay a security deposit of [security deposit amount] on or before the lease start date. The security deposit shall be held by the Landlord as security for any damage to the Property caused by the Tenant.
Utilities
The Tenant shall be responsible for the following utilities:
[list of utilities and which party is responsible for payment]
Maintenance and Repair
The Tenant shall keep the Property in a clean and orderly condition and promptly report any repairs that are needed. The Landlord shall be responsible for repairs that are necessary due to normal wear and tear.
Termination
Either party may terminate this Agreement upon [number of days] days` written notice to the other party.
Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the [state/province/territory/country] in which the Property is located.
Entire Agreement
This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, understandings, and agreements between the parties.
In conclusion, short term lease agreements can provide both tenants and landlords with a flexible and convenient rental solution. By clearly outlining the terms and conditions of the lease agreement, all parties involved can better understand their rights and responsibilities throughout the rental period.