RESIDENTIAL LEASE AGREEMENT

Professional Lease Agreement Template

1. PARTIES INVOLVED

Landlord:

Sarah Johnson

Property Owner

Tenant:

Michael and Jennifer Smith

Lessee(s)

2. PROPERTY DETAILS

Property Address:

1247 Maple Street, Apt 3B
Springfield, IL 62701

Property Type:

2-bedroom, 1-bathroom apartment

3. TERMS OF LEASE

Lease Start Date:

March 1, 2024

Lease End Date:

February 28, 2025

Lease Duration:

12 months

4. FINANCIAL TERMS

Monthly Rent Amount:

$1,850

Security Deposit:

$2,200

Payment Due Date:

1st of each month

5. PET POLICY

One small dog (under 25 lbs) permitted with additional $300 pet deposit and $50/month pet fee

6. LATE FEES

• Late Fee Amount: $75

• Applied after 5-day grace period

• Additional $10 per day after 10 days late

7. MAINTENANCE RESPONSIBILITIES

Landlord Responsibilities:

• Major appliance repairs
• HVAC system maintenance
• Structural repairs
• Plumbing and electrical issues

Tenant Responsibilities:

• Regular cleaning and upkeep
• Light bulb replacement
• Minor repairs under $100
• Proper waste disposal

8. ADDITIONAL TERMS

• No smoking permitted on premises

• Maximum occupancy: 4 persons

• 24-hour notice required for landlord entry

• Tenant responsible for utilities (electric, gas, internet)

9. SIGNATURES

Landlord Signature:

Sarah Johnson

Date: _______________

Tenant Signature:

Michael Smith

Date: _______________

IMPORTANT DISCLAIMER

This is a general lease agreement template for informational purposes only. This document does not constitute legal advice. Users should consult with a qualified attorney to ensure compliance with local, state, and federal laws before using this agreement for any binding legal purposes.

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