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Sample Contract

Sample Contract

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RESIDENTIAL LEASE AGREEMENT

This Residential Lease Agreement ("Lease") is entered into on [DATE REDACTED] between:

LANDLORD: [PROPERTY MANAGEMENT COMPANY NAME REDACTED]
TENANT: [TENANT NAME REDACTED]

1. PROPERTY
The Landlord agrees to lease to the Tenant, and the Tenant agrees to lease from the Landlord, the following described premises:
[ADDRESS REDACTED]
Apartment/Unit: [UNIT NUMBER REDACTED]

2. TERM
The term of this Lease shall commence on [START DATE REDACTED] and shall continue for a period of twelve (12) months, ending on [END DATE REDACTED], unless sooner terminated in accordance with the provisions of this Lease.

3. RENT
The monthly rent for the premises shall be $[AMOUNT REDACTED] per month, due on the first (1st) day of each month. Rent shall be paid to the Landlord at [PAYMENT ADDRESS REDACTED] or such other place as the Landlord may designate in writing.

4. SECURITY DEPOSIT
Upon execution of this Lease, the Tenant shall deposit with the Landlord the sum of $[AMOUNT REDACTED] as security for the faithful performance of the Tenant's obligations hereunder.

5. LATE FEES
If rent is not received by the 5th day of the month, a late fee of $50.00 shall be assessed.

6. RENEWAL
This Lease shall automatically renew for successive twelve (12) month periods unless either party provides written notice of termination at least sixty (60) days prior to the expiration of the then-current term.

7. TERMINATION
Either party may terminate this Lease by providing thirty (30) days written notice to the other party. If the Tenant terminates this Lease prior to the expiration of the initial term, the Tenant shall be liable for an early termination fee equal to two (2) months' rent.

8. MAINTENANCE AND REPAIRS
The Tenant shall be responsible for maintaining the premises in good condition and shall promptly report any needed repairs to the Landlord. The Tenant shall be responsible for all repairs and maintenance except for structural defects and major systems.

9. USE OF PREMISES
The premises shall be used only as a private residence. The Tenant shall not sublet the premises or assign this Lease without the prior written consent of the Landlord.

10. PETS
Pets are permitted subject to a non-refundable pet deposit of $300.00 and monthly pet rent of $25.00 per pet.

11. DEFAULT
If the Tenant fails to pay rent when due or breaches any other provision of this Lease, the Landlord may terminate this Lease and pursue all available remedies.

12. ARBITRATION
Any dispute arising out of this Lease shall be resolved through binding arbitration in accordance with the rules of the American Arbitration Association.

IN WITNESS WHEREOF, the parties have executed this Lease as of the date first written above.

LANDLORD: _________________________
TENANT: _________________________

Why This Matters

Seeing the original contract helps you understand how we transform complex legal language into clear, actionable information.

Complete Analysis

Plain-English Summary

This is a residential lease agreement for an apartment rental. Parties: Tenant (you), Property Management Company Duration: 12 months, starting from the move-in date Payment: Monthly rent of $1,500, due on the 1st of each month. Security deposit of $1,500 required. Termination: Either party can terminate with 30 days written notice. Early termination may incur fees.

Your Key Obligations

  • Monthly Rent Payment

    You must pay $1,500 on the 1st of each month. Late payments after the 5th incur a $50 fee.

  • Property Maintenance

    You're responsible for basic maintenance and keeping the property clean. Report major issues within 24 hours.

  • Notice Requirements

    You must provide 30 days written notice before moving out or renewing the lease.

  • No Subletting

    You cannot sublet the apartment without written permission from the landlord.

  • Pet Policy

    Pets are allowed with a $300 non-refundable pet deposit and $25 monthly pet rent.

Red Flags & Risk Clauses

Auto-Renewal Clause

Medium Risk

The lease automatically renews for another 12 months unless you provide 60 days notice. This is longer than the standard 30 days.

Early Termination Fee

Medium Risk

If you break the lease early, you'll owe 2 months' rent ($3,000) as a penalty, plus any unpaid rent.

Security Deposit Deductions

Medium Risk

The landlord can deduct from your security deposit for 'normal wear and tear' which is broadly defined.

Important Dates & Triggers

Lease Start Date

January 15th, 2024

Lease End Date

January 14th, 2025

Renewal Notice Deadline

November 14th, 2024

Monthly Rent Due

1st of each month

What Should I Do Next?

  • 1

    Review the auto-renewal clause - consider negotiating for a 30-day notice period instead of 60 days.

  • 2

    Clarify the 'normal wear and tear' definition for security deposit deductions before signing.

  • 3

    Document the property's condition with photos on move-in day to protect your security deposit.

  • 4

    Set a reminder for the renewal notice deadline (November 14, 2024) if you're unsure about staying.

  • 5

    This lease is generally standard, but the early termination fee is high. Make sure you're committed to the full term.

What You Get

Every analysis includes all five sections, giving you a complete picture of what you're agreeing to before you sign.

Why the Summary Helps

The plain-English summary gives you immediate orientation - you'll know what the agreement is about in seconds, not hours.

Why Obligations Matter

Understanding your commitments upfront helps you plan and avoid surprises. You'll know exactly what's expected of you.

Why Risk Flags Are Important

Red flags highlight clauses that commonly cause problems. Knowing about them gives you a chance to negotiate or prepare.

Why Dates Need Attention

Missing a renewal deadline or notice period can cost you money. We extract and highlight all important dates so you don't forget.

Why Next Steps Provide Value

Clear guidance on how to proceed helps you make confident decisions. You'll know whether to sign, negotiate, or walk away.

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