Residential lease agreement with option to purchase

A residential lease agreement is a type of contract that contains all the details required to rent a house or some property by the landlord to the tenant. This agreement is a legal document that includes the agreed rent of house or property, the agreed term, and conditions to use that property, and all the concerning terms. This context contains the related details about a residential lease so please keep reading to increase your information about a residential lease and get some useful sample residential lease agreement documents and letters as well.

What should be included in a residential lease agreement?

Some necessary terms must be included in a residential lease agreement. Before signing the contract make sure that you read the agreement and check if all the related terms have been mentioned in the document or not. Below are mentioned those necessary terms:

1. Name and personal information of the tenants
2. Limitations on the occupancy of the property
3. Terms and conditions for the tenant 
4. Agreed rents
5. Security fee and related deposits
6. Maintenance and repairing conditions
7. Enter the date on the residential property
8. Restrictions like keeping the pets or other illegal activity
9. Signatures of both parties

These are the terms that you must include in a residential lease agreement. Make sure none of these is missed to write.

Sample residential lease agreement:

Some people find it difficult to formulate legal documents because most of them require a lot of details and information. But for your help and ease, we have got our experts to help you out and provide you with a worthy template of a residential lease.

This Residential Lease “Agreement” is made and effectively by {{dated}}.

{{PARTY A}} (the " Lessor"), an entity organized with Business Registration Number: {{Business Registration Number}} and existing under the laws of the {{Country}} / Passport: {{Passport Name}}, Passport Number}}, date of birth: {{date of birth }}, place of birth: {{place of birth}}

AND: {{PARTY B}} (the “Lessee "), an entity organized with Business Registration Number: {{Business Registration Number}} and existing under the laws of the {{Country}} / Passport: {{Passport Name}}, Passport Number}}, date of birth: {{date of birth }}, place of birth: {{place of birth}}

Lessor leases to Lessee, his/her heirs or assignees, the premises situated in the city of {{City}}, legally described as, with the street address of {{Address}}.

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