Corporate Housing Lease Agreement Template

A corporate housing lease agreement is a legally binding document that outlines the terms and conditions under which a tenant will occupy a corporate housing unit. It serves as a contract between the property owner or management company and the tenant, protecting the interests of both parties.

Essential Components of a Corporate Housing Lease Agreement

1. Parties Involved: Clearly identify the parties involved in the lease agreement, including the tenant’s name and contact information, as well as the property owner or management company’s name and contact details.
2. Property Description: Provide a detailed description of the property, including the address, unit number, and any specific features or amenities.
3. Lease Term: Specify the start and end dates of the lease agreement. Consider including a provision for automatic renewal if both parties agree to continue the tenancy.
4. Rent and Payment Terms: Clearly state the monthly rent amount, due date, and acceptable payment methods. Include any late fees or penalties for non-payment.
5. Security Deposit: Outline the amount of the security deposit, its purpose, and how it will be returned at the end of the lease term.
6. Utilities: Indicate which utilities are included in the rent and which are the tenant’s responsibility. If utilities are not included, specify how they will be billed and paid.
7. Maintenance and Repairs: Define the responsibilities of both the tenant and the property owner or management company regarding maintenance and repairs.
8. Use of the Property: Specify the intended use of the property and any restrictions on its use. For example, whether the property is for residential or commercial purposes.
9. Quiet Enjoyment: Ensure that the tenant has the right to quiet enjoyment of the property, meaning they can use the property without undue interference.
10. Pet Policy: If pets are allowed, outline the pet policy, including any restrictions on pet breeds, size, or number.
11. Subletting and Assignment: Specify whether the tenant can sublet or assign the lease to another party.
12. Holdover Provision: Address what happens if the tenant remains in the property after the lease term expires.
13. Default and Remedies: Outline the consequences of default by either party and the remedies available to the non-defaulting party.
14. Governing Law: Specify the jurisdiction that governs the lease agreement.
15. Entire Agreement: Include a clause stating that the lease agreement constitutes the entire agreement between the parties and supersedes any prior or contemporaneous agreements.
16. Signatures: Ensure that both the tenant and the property owner or management company sign the lease agreement to make it legally binding.

Design Elements for a Professional Corporate Housing Lease Agreement

Clear and Concise Language: Use plain language that is easy to understand. Avoid legal jargon or technical terms that may confuse the tenant.

Consistent Formatting: Maintain consistent formatting throughout the document, using headings, subheadings, and bullet points to improve readability.

Professional Appearance: Use a professional font and font size that is easy to read. Consider using a watermark or letterhead to enhance the document’s appearance.

White Space: Use white space effectively to create a visually appealing document that is easy to navigate.

Numbered Sections: Number each section of the lease agreement to make it easier to reference specific provisions.

Bold and Italic Formatting: Use bold and italic formatting to highlight important terms or provisions.

By following these guidelines, you can create a professional corporate housing lease agreement template that is legally sound and easy for both parties to understand.