Condo Lease Agreement Template for United States

The Condo Lease Agreement serves as a crucial legal instrument in the U.S. residential rental market, specifically designed for condominium properties. This document is essential when a condo owner wishes to lease their unit to a tenant while ensuring compliance with federal housing laws, state landlord-tenant regulations, and condominium association bylaws. It differs from standard residential leases by incorporating specific provisions related to common areas, HOA rules, and shared facility usage. The agreement protects both parties' interests while establishing clear guidelines for the rental relationship.

1. Parties: Identification of landlord and tenant with full legal names and contact information

2. Background: Brief context about the property and purpose of the lease

3. Definitions: Key terms used throughout the agreement including property, common areas, and relevant parties

4. Property Description: Detailed description of the leased premises including unit number, address, and included amenities

5. Term and Renewal: Lease duration, commencement date, termination conditions, and renewal terms

6. Rent and Payment Terms: Rent amount, due dates, payment methods, and late payment penalties

7. Security Deposit: Amount, terms of holding, conditions for return, and permitted deductions

8. Maintenance and Repairs: Responsibilities of landlord and tenant for maintenance, repairs, and alterations

9. Use of Property: Permitted uses, occupancy limits, and restrictions on use

10. Insurance and Liability: Required insurance coverage and liability provisions

11. Default and Remedies: Events of default and available remedies for both parties

12. Governing Law: Applicable law and jurisdiction for dispute resolution