The Fixed Term Rental Agreement serves as a fundamental legal instrument in U.S. property rental transactions, establishing clear terms for both residential and commercial tenancies. This document is essential when parties wish to create a tenancy for a specific duration, typically 6 months to one year, with a defined end date. It incorporates federal requirements under the Fair Housing Act and state-specific landlord-tenant laws, while addressing crucial aspects such as rent payments, security deposits, maintenance obligations, and termination conditions. The agreement provides security and clarity for both landlord and tenant, helping prevent disputes and ensuring compliance with applicable housing regulations.
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1. Parties: Identification of landlord and tenant with full legal names and addresses
2. Background: Brief context of the rental arrangement and property details
3. Definitions: Key terms used throughout the agreement
4. Term: Duration of the lease, start and end dates
5. Rent and Payment Terms: Rental amount, payment schedule, accepted methods
6. Security Deposit: Amount, terms of holding, conditions for return
7. Utilities and Services: Responsibility for utilities and included services
8. Maintenance and Repairs: Responsibilities of both parties regarding property upkeep
9. Use of Property: Permitted uses and restrictions
10. Termination: Conditions and process for ending the agreement
1. Pet Policy: Terms and conditions for keeping pets on the property, including any additional deposits or restrictions
2. Subletting: Terms and conditions for subletting the property, including approval process and tenant responsibilities
3. Parking: Specific arrangements for parking, including assigned spaces and visitor parking rules
4. Insurance Requirements: Specific insurance coverage requirements for both landlord and tenant
1. Property Inventory: Detailed list of furnishings and their condition at the start of tenancy
2. Property Rules and Regulations: Comprehensive list of rules and regulations for the property or building
3. Lead-Based Paint Disclosure: Mandatory disclosure and educational materials for properties built before 1978
4. Move-in Inspection Report: Detailed documentation of property condition at the start of tenancy
5. Floor Plan: Detailed layout of the rental property including measurements and room designations
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