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Residential Rental Agreement

A legal contract outlining the terms and conditions for renting a residential property, agreed upon by the landlord and tenant.

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Service Description

A residential rental agreement is a legally binding document that outlines the terms and conditions of a rental agreement between a property owner (the landlord) and a tenant. This agreement serves as a written record of the rental agreement and helps to protect the interests of both parties.

The first section of the rental agreement typically includes information about the landlord and the tenant, including their names, contact information, and any other relevant details. The next section outlines the property being rented, including the address, unit number, and any specific details about the property such as the number of bedrooms, bathrooms, or parking spaces.

The rental agreement will also state the start date and end date of the lease, as well as the amount of rent that is to be paid. The payment terms, such as the due date and late fees, are also included in this section.

The agreement will also include information about the security deposit, which is typically required as a form of protection for the landlord in case the tenant damages the property or fails to pay rent. The rental agreement will outline the amount of the security deposit, the conditions under which it can be withheld, and the process for returning the deposit at the end of the lease.

Other important information that may be included in the rental agreement includes the rights and responsibilities of both the landlord and the tenant, such as the tenant’s obligations to maintain the property in good condition and the landlord’s responsibility to make necessary repairs and maintain a safe living environment.

The rental agreement may also include provisions for renewing or terminating the lease early, as well as any restrictions on subletting or pets.

Overall, a residential rental agreement is a comprehensive document that outlines all of the important details of a rental agreement between a landlord and tenant. It is essential for both parties to carefully review and understand the terms of the agreement before signing it, in order to ensure a smooth and successful rental experience.

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