RESIDENTIAL LEASE AGREEMENT
This Residential Lease Agreement (the "Lease") is entered into as of [Effective Date] (the "Effective Date"), by and between:
[Party A], a corporation ("Landlord"), and
[Party B], a corporation ("Tenant").
The Landlord leases the home to the Tenant, and the Tenant agrees to rent it, on the terms of this Lease.
1. Home. The Landlord leases to the Tenant the home at [property address], in California (the "Home").
2. Occupants. The people who may live in the Home are [occupants]. The Tenant will not add an occupant without the Landlord's written consent, except a minor child or a person the law requires the Landlord to accept.
3. Term. The lease term is [term]. The Tenant will leave when the term ends unless the Parties renew in writing or the lease continues month to month under this Lease.
4. Rent. The Tenant will pay rent of [rent] at the place or account the Landlord names. Leaving early does not reduce rent that has come due.
5. Security Deposit. The Tenant will pay a security deposit of [deposit]. The Landlord will hold and return it as the law of California requires, and may apply it only to amounts that law allows, such as unpaid rent or damage beyond ordinary wear. The deposit is not rent.
6. Utilities. The Tenant will put the utilities for the Home in the Tenant's name and pay them, except a utility the law requires the Landlord to keep.
7. Pets. The Tenant will not keep a pet in the Home without the Landlord's written consent. An animal the law requires the Landlord to allow is not a pet for this sentence.
8. Furnishings. The Home is unfurnished. The Tenant will supply the Tenant's own furniture and remove it when the lease ends.
9. Maintenance. The Landlord will keep the structure, roof, and building systems in habitable condition and will make the repairs the law places on the Landlord. The Tenant will keep the Home clean and safe, will tell the Landlord promptly about needed repairs, and will repair damage the Tenant or the Tenant's guests cause, ordinary wear excepted.
10. Access. The Landlord may enter the Home at a reasonable time after reasonable notice, and without notice in an emergency. The Landlord will not use this right to harass the Tenant.
11. No Sublet. The Tenant will not sublet the Home or assign this Lease without the Landlord's prior written consent.
12. Holdover. If the Tenant stays after the term and the Landlord accepts rent for a later period, the lease continues month to month. Either Party may end that month-to-month tenancy by written notice of at least 30 days, or longer if the law requires.
13. Notices. Notices under this Lease must be in writing and delivered to the address each Party lists, or to a new address a Party gives in writing.
14. Ending for Breach. A Party may end this Lease for a material breach only after giving the notice and any chance to cure that the law requires. Ending the tenancy follows the process of California. This Lease does not shorten a notice period the law requires.
15. Move-In Condition. The Parties will note the Home's condition on a written checklist at move-in. That checklist is the baseline for ordinary wear when the Tenant leaves.
16. Required Disclosures. Disclosures the law of California requires for this Home still apply. This form does not replace them. The Landlord will give each required disclosure separately.
17. Governing Law. This Lease is governed by the laws of Delaware, without regard to conflict of laws principles. Any legal suit, action, or proceeding relating to this Agreement must be instituted in the state or federal courts located in Delaware, and each Party irrevocably submits to the exclusive jurisdiction of those courts.
18. General. This Lease is the entire agreement on its subject. It may be amended only in a writing signed by the Parties, and it may be signed in counterparts, including electronic copies. If a part is unenforceable, the rest stays in effect.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.
Landlord: [Party A]
By: ________________________________
Name: [Signatory]
Title: [Title]
Tenant: [Party B]
By: ________________________________
Name: [Signatory]
Title: [Title]
