The Exclusive Rental Agreement is essential for formalizing residential tenancy arrangements in the United States. This document is used when a property owner wishes to grant sole occupancy rights to a tenant, distinguishing it from shared or non-exclusive arrangements. The agreement encompasses crucial elements such as rental terms, payment schedules, maintenance responsibilities, and compliance with both federal and state housing regulations. It serves as a comprehensive legal framework protecting both landlord and tenant interests while ensuring adherence to local property laws and fair housing requirements.
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1. Parties: Identification of landlord and tenant with full legal names and addresses
2. Background: Context of the rental agreement and property description
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the rental property and included amenities
5. Term: Duration of the rental agreement
6. Rent and Payment Terms: Rental amount, payment schedule, and accepted payment methods
7. Security Deposit: Amount, terms, and conditions for return
8. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance
1. Utilities: Terms regarding responsibility for utility payments and arrangements
2. Pet Policy: Terms and conditions regarding pet ownership and related deposits
3. Subletting: Terms and conditions for subletting the property
4. Early Termination: Conditions and procedures for early lease termination
1. Schedule A - Property Inventory: Detailed list of furniture, fixtures, and appliances included in the rental
2. Schedule B - Move-in Inspection Report: Documentation of property condition at the start of tenancy
3. Schedule C - House Rules: Specific rules and regulations for the property
4. Schedule D - Lead-Based Paint Disclosure: Mandatory disclosure for properties built before 1978
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