The Basement Rental Agreement is a specialized residential lease agreement designed for the unique circumstances of basement unit rentals in the United States. This document is essential when property owners wish to legally rent out their basement space while ensuring compliance with specific building codes, safety requirements, and habitability standards that apply to below-grade living spaces. The agreement addresses particular concerns such as moisture control, ventilation, emergency exits, and other basement-specific requirements while incorporating standard rental terms. It's particularly important in urban areas where basement rentals are common and regulations are strict.
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1. Parties: Identifies the landlord and tenant with full legal names and contact information
2. Background: Brief context about the property and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the basement unit and included amenities
5. Term: Duration of the lease and renewal terms
6. Rent and Payment Terms: Rental amount, due dates, and payment methods
7. Security Deposit: Amount, terms of holding and return conditions
8. Utilities and Services: Responsibility for utilities and included services
9. Maintenance and Repairs: Responsibilities of both parties regarding upkeep
10. Access and Entry Rights: Terms for landlord access and notice requirements
1. Pet Policy: Terms regarding pets if allowed - include when pets are permitted in the property
2. Parking: Parking arrangements and restrictions - include if parking is available
3. Subletting: Terms regarding subletting rights - include if subletting is to be addressed specifically
4. Shared Spaces: Rules for common areas - include if there are shared spaces with other tenants
1. Schedule A - Property Inventory: Detailed list of fixtures and furnishings included
2. Schedule B - Move-in Inspection Report: Documentation of property condition at start of tenancy
3. Schedule C - House Rules: Specific rules and regulations for the property
4. Appendix 1 - Lead Paint Disclosure: Required for properties built before 1978
5. Appendix 2 - Safety Certificate: Certificates for fire safety, carbon monoxide detectors, etc.
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