Tenancy Agreement - Domestic - Neutral

Document Name:
Tenancy Agreement - Domestic
Form:
Neutral
 
Document Type:
Agreements / contracts
Category:
Business > Property > Tenancy
 
 
Detailed Description:
Tenancy Agreement for the lease of residential property with options on rent free period and early termination. The term is generally less than 3 years. This is drafted in neutral form.

The Landlord hereby agrees to lease the Premises and the furniture, fixtures, fittings and equipment therein (as per Schedule, if any) in clean and tenantable condition to the Tenant for residential purpose.

The above Premises is hereby leased for a term of x months, commencing on date. The Tenant and the Landlord of this Agreement shall have the right to terminate this Agreement after the first x months of the Term by giving to the other party of this Agreement two month’s written notice of its intention to do so. (The Tenant and the Landlord must complete above tenancy of first x months. Any advance termination before the fixed x months should be compensated by the Tenant and the Landlord to the total remaining sum of the rented to the Tenant and the Landlord.)

On expiry of this Tenancy, the Landlord has the right to take back the Premises in full, and the Tenant must deliver vacant possession of the Premises on the date of expiry. If the Tenant wishes to extend the Tenancy, the Tenant shall have the priority to renew the Tenancy and is required to give written notice to the Landlord two months prior to the expiry of this Tenancy, the revised rental should be negotiated between the two parties. The Landlord has the right to lease to a third party if they cannot agree on rental or other terms one month prior to expiry.

Provided the Tenant shall have paid the Rent and other outgoings on the days and in the manner herein provided and observe and perform the terms and conditions herein contained and on the Tenant's part to be observed and performed, the Tenant shall peacefully hold and enjoy the Premises during the Term of Tenancy without any interruption by the Landlord.

On expiry of this Tenancy, the Landlord has the right to take back the Premises in full, and the Tenant must deliver vacant possession of the Premises on the date of expiry. If the Tenant wishes to extend the Tenancy, The Tenant shall have the priority to renew the Tenancy and is required to give written notice to the Landlord two months prior to the expiry of this Tenancy, the revised rental should be negotiated between the two parties. The Landlord has the right to lease to a third party if they cannot agree on rental or other terms one month prior to expiry.

Provided the Tenant shall have paid the Rent and other outgoings on the days and in the manner herein provided and observe and perform the terms and conditions herein contained and on the Tenant's part to be observed and performed, the Tenant shall peacefully hold and enjoy the Premises during the Term of Tenancy without any interruption by the Landlord.
 
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