The Long Term Rental Agreement serves as the primary legal instrument governing extended residential tenancies in the United States. This document is essential when property owners wish to lease residential space for periods typically extending beyond one year. It encompasses crucial elements including payment terms, maintenance responsibilities, security deposits, and utility arrangements, while ensuring compliance with federal regulations such as the Fair Housing Act and state-specific landlord-tenant laws. The agreement protects both landlord and tenant interests by clearly defining rights, obligations, and remedies available to each party.
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1. Parties: Identification of landlord and tenant(s) with full legal names and contact details
2. Background: Brief context of the rental arrangement and property description
3. Definitions: Key terms used throughout the agreement
4. Property Details: Detailed description of the rental property and included amenities
5. Term and Renewal: Duration of lease and renewal conditions
6. Rent and Payment Terms: Rent amount, payment schedule, and acceptable payment methods
7. Security Deposit: Amount, terms of holding, and conditions for return
8. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance
9. Utilities and Services: Allocation of responsibility for utilities and services
10. Termination: Conditions and procedures 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 requirements
3. Parking: Specific arrangements for parking, including assigned spaces and visitor parking rules
4. Common Areas: Rules and regulations for the use of shared facilities and common areas in multi-unit properties
5. Insurance Requirements: Specific insurance obligations for both landlord and tenant, including minimum coverage requirements
1. Schedule A - Property Inventory: Detailed list of furniture, fixtures, and appliances included in the rental property
2. Schedule B - Property Condition Report: Comprehensive documentation of property condition at the start of tenancy
3. Schedule C - House Rules: Specific rules and regulations for the property and tenant conduct
4. Schedule D - Maintenance Schedule: Regular maintenance requirements and schedules for both landlord and tenant
5. Appendix 1 - Lead-Based Paint Disclosure: Federally required disclosure for properties built before 1978
6. Appendix 2 - Local Authority Certificates: Relevant certificates, permits, and compliance documents required by local authorities
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