When it comes to renting a residential property, a lease agreement is a legal document that outlines the terms and conditions of the tenancy. A lease agreement acts as a contract between the landlord and the tenant, ensuring that both parties understand their responsibilities and obligations throughout the duration of the lease.

While the specific details of a residential lease agreement may vary depending on the needs of the landlord and the tenant, there are certain elements that should be included in every lease agreement. Here is a template for a residential lease agreement that can be customized and adjusted to meet the needs of your specific situation.

1. Names and contact information for the landlord and tenant: It is important to clearly identify the parties involved in the lease agreement, including their names, addresses, and phone numbers.

2. Property description: Include a description of the property being leased, including the address, unit number (if applicable), and any special features or amenities that are included.

3. Lease term: Specify the length of the lease, the start date, and the end date. If the lease is automatically renewable, include details on how and when the lease can be renewed.

4. Rent payment and security deposit: Specify the amount of rent that the tenant will pay, including the due date and any late fees. Also, include information on the security deposit, including the amount and conditions for refunding it.

5. Use of the property: Outline how the property can be used, including any restrictions on pets, smoking, or alterations to the property.

6. Repairs and maintenance: Specify who is responsible for repairs and maintenance of the property, including routine maintenance and repairs due to damage caused by the tenant.

7. Utilities and services: Include information on which utilities and services are included in the rent, such as water, electricity, and internet service.

8. Termination of the lease: Include details on how the lease can be terminated by either party, as well as the consequences of early termination.

9. Additional terms and conditions: Include any other terms and conditions that are important for the landlord and tenant to understand, such as rules for parking, trash disposal, and access to the property.

10. Signatures: Both the landlord and tenant should sign and date the lease agreement to indicate their agreement to the terms and conditions outlined in the document.

Creating a residential lease agreement can be a daunting task, but by following this template and customizing it to meet the specific needs of your situation, you can create a clear and legally binding document that protects both the landlord and tenant throughout the duration of the lease.