A Residential Lease is essential for any residential property rental arrangement in the United States. This document protects both landlord and tenant interests by clearly defining the terms of occupancy, financial obligations, and maintenance responsibilities. It must comply with federal regulations like the Fair Housing Act, as well as state-specific landlord-tenant laws and local housing codes. The lease typically includes details about rent payments, security deposits, property maintenance, utilities, and other essential terms of the rental relationship. It's particularly important to note that residential lease requirements can vary significantly by state and municipality.
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1. Parties: Identification of landlord and tenant(s) with full legal names and contact information
2. Background: Brief context about the property and rental arrangement
3. Definitions: Key terms used throughout the lease agreement
4. Property Description: Detailed description of the rental property and included amenities
5. Term: Lease duration, start and end dates
6. Rent: Payment amount, due dates, and acceptable payment methods
7. Security Deposit: Amount, terms of hold and return
8. Maintenance and Repairs: Responsibilities of both parties regarding property upkeep
1. Pet Policy: Terms and conditions for allowing pets in the property, including any additional deposits or fees
2. Subletting: Terms and conditions for subletting or assignment of the lease
3. Parking: Specific arrangements for parking, including assigned spaces and restrictions
4. Utilities: Allocation of responsibility for utility payments and account management
5. Smoking Policy: Rules and restrictions regarding smoking on the property
1. Schedule A - Property Inventory: Detailed list of furniture, appliances, and fixtures included in the rental
2. Schedule B - Property Condition Report: Documentation of property condition at move-in, including photographs
3. Schedule C - House Rules: Additional rules and regulations for the property and common areas
4. Lead Paint Disclosure: Mandatory disclosure for properties built before 1978 regarding lead-based paint
5. Schedule D - Move-in Checklist: Detailed inspection checklist to be completed at the start of tenancy
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