A condominium rental agreement is a legally binding document that allows the condominium owner to lease it to a lessee for which he is paid a rental charge.
Sample Condominium Rental Agreement:
Owner: John Clark
Lessee: Steve Branson
Date: 12’Th Oct, 2010
Address of property: 5 k, Ridge Street, CA, 78YUU
Period of lease: 3 years
Date of commencement: 4’Th December, 2010
Terms and conditions:
The monthly rental charge to be paid by the lessor to the lessee will be on a monthly basis.
The lessee agrees to pay a sum of $1300 within the first week of every month. With each passing week, the lessee will be charged an additional amount of $200 in case of late payment.
The lessor shall provide the lessee with electricity, gas and water supply free of cost.
It is the responsibility of the lessee to take utmost care of the premises and keep it in good condition. It shall be expected of him/her to hand over the condo back to the owner in the same condition as it was initially.
The lessor can inspect the property at any point during the period of agreement.