Week to Week Lease Agreement Template
If you`re in the property rental business, you know that not all renters want to commit to a long-term lease. Some renters may only need a temporary place to stay for a few weeks or months. That`s where a week-to-week lease agreement comes in handy. In this article, we`ll discuss what a week-to-week lease agreement is and provide a template that you can use as a reference.
What is a Week-to-Week Lease Agreement?
A week-to-week lease agreement is a legal document that outlines the terms and conditions of a rental agreement between a landlord and tenant for a specific period, usually seven days. This type of lease agreement is ideal for short-term rental situations such as:
– Travelers who need a place to stay for a week or two
– Tenants who are in-between housing
– Renters who want to try out a new neighborhood or apartment complex before committing to a long-term lease
Week-to-week rental agreements allow for flexibility on both sides, as it gives landlords the option of renting out their property on a short-term basis while also providing tenants with the flexibility to move out after a week if they need to without any long-term commitment.
Template for a Week-to-Week Lease Agreement
Below is a template for a week-to-week lease agreement. It`s important to note that this template should be customized to fit your specific rental situation, and you may want to consult with an attorney to ensure it complies with local laws.
Week-to-Week Lease Agreement
This week-to-week lease agreement (the “Agreement”) is made between [Landlord`s name and address] (the “Landlord”) and [Tenant`s name and address] (the “Tenant”) as of [Date of Agreement]. The Landlord agrees to rent to the Tenant the property located at [Property address] (the “Property”) for a period of [number of weeks] weeks, commencing on [Start Date] and ending on [End Date], unless otherwise extended.
Rent and Security Deposit
The Tenant agrees to pay rent in the amount of [Rental amount] per week, due on [Due Date] of each week. The Tenant agrees to pay a security deposit in the amount of [Security deposit amount], which will be returned after the Tenant vacates the Property, provided there is no damage beyond normal wear and tear.
Utilities
The Tenant agrees to pay for all utilities, including but not limited to electricity, gas, water, and trash removal, unless otherwise stated by the Landlord.
Use of Property
The Tenant agrees to use the Property for residential purposes only and in compliance with all laws and regulations. The Tenant agrees not to use the Property for any unlawful or immoral purposes or activities.
Pets
Pets are [allowed/not allowed] on the Property, as specified by the Landlord. If pets are allowed, the Tenant agrees to pay an additional pet fee of [Pet fee amount], provide proof of vaccination and keep the pet under control at all times.
Termination
This Agreement may be terminated by either party with written notice of [number of days] days prior to the termination date. The Tenant agrees to vacate the Property on the termination date.
Governing Law
This Agreement shall be governed by and construed in accordance with the laws of [State] without giving effect to any principles of conflicts of law.
Entire Agreement
This Agreement constitutes the entire agreement between the Landlord and the Tenant and supersedes all prior negotiations, understandings, and agreements, whether written or oral, relating to the Property.
Amendments
This Agreement may only be amended in writing and signed by both parties.
In conclusion, a week-to-week lease agreement provides a flexible rental option for both landlords and tenants. By using our template as a reference and customizing it to fit your specific rental situation, you can ensure that your week-to-week rental agreements comply with local laws and protect your interests as a landlord.
