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RESIDENTIAL LEASE AGREEMENT
THIS LEASE (the "Lease") dated this ________ day of ________________, ________
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:
The contact information for the Landlord is:
IN WITNESS WHEREOF _________________________ and _________________________ have duly affixed their signatures on this ________ day of ________________, ________.
_____________________________________________________(Landlord)
_____________________________________________________(Tenant)
The Tenant acknowledges receiving a duplicate copy of this Lease signed by the Tenant and the Landlord on the _____ day of ______________________, 20____.
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.
Tenant's Disclosure
The Tenant ACKNOWLEDGES receipt of the information contained in the above Landlord's Mold Disclosure.
A Residential Lease is sometimes called a/an:
A lease is a contract a landlord and tenant sign when a tenant wants to rent commercial or residential property.
A Residential Lease Agreement is a lease agreement that is specific to residential rental properties and is used to outline the terms and conditions of a tenancy, including the rights and obligations of the landlord and tenant. It can be used for various types of residential properties, including apartments, houses, condos, duplexes, townhouses, and more.
To rent commercial property, use LawDepot's Commercial Lease Agreement.
Landlords using LawDepot's Residential Lease have the option of using a standard or comprehensive agreement.
Standard rental leases generally include:
With LawDepot's comprehensive rental agreement, landlords are also able to:
Both the tenant and the landlord should keep a copy of the signed agreement for their records.
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.
Various individuals or organizations may find this document useful, such as:
Before creating a lease agreement, landlords need to decide whether they want the lease to end on a set date or not.
A lease with a predetermined end date, usually called a fixed term lease, is when the tenant agrees to rent the property for a certain period of time at a fixed price. This type of lease uses calendar dates to specify the start and end of the lease. At the end of a fixed term lease, the landlord and tenant can sign a new lease with updated dates and information or move on.
A lease without an end date, usually called a periodic tenancy or automatic renewal lease, is when the lease automatically renews after a certain duration (for instance, every month, six months, or year). With this type of lease, the landlord and tenant rent until one party provides appropriate notice signifying they want the lease to end.
Both types of leases carry their own advantages and disadvantages, depending on the situation in which they are used.
Using a Lease Agreement, landlords can specify that they are renting out a room as opposed to an entire unit. With a room rental lease agreement in place, landlords can be sure tenants understand their rights and obligations, including how much rent is, when it is due, what areas of the property they can access, and more.
Because landlords and tenants occupy the same premises, it is important that landlords discuss boundaries and expectations at the start of the tenancy, such as when a landlord can legally enter the tenant's space, what house rules are in place and how they will be enforced, how guests will be handled, and more.
Rent-to-own, sometimes called option to purchase or lease-to-own, is when a tenant is provided the opportunity to purchase the rental property from their landlord.
For this type of agreement, a renter pays 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.
Often, an option to purchase in a lease is used when a landlord wishes to sell a home or unit but the potential tenant does not qualify for a lender-based mortgage for reasons such as the tenant has a poor credit score or is unable to pay the full amount for a deposit.
Sample
Residential Lease Agreement
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