The Alabama standard residential lease agreement is a legally binding contract between a landlord and tenant, outlining the terms and conditions for renting a residential property in Alabama. This comprehensive agreement covers a wide range of aspects related to residential leasing, ensuring both parties are well-protected and informed about their rights and responsibilities. It provides a clear framework for the lease term, rent payment, security deposit, maintenance, and other crucial aspects of a residential lease.
This agreement is meticulously detailed, covering everything from the identification of the parties involved and the description of the property to the lease term and rent details. It also includes provisions for late fees, security deposit, returned checks, occupants, move-in inspection, furnishings, utilities, parking, pets, smoking policy, and sale of property. This ensures that all aspects of the residential lease are clearly defined and understood by both parties.
Overview of this Lease
- Parties and Property (Page 1): Identifies the landlord and tenant and describes the property being leased.
- Lease Term (Page 1): Specifies the duration of the lease.
- Rent (Page 1): Details the rent amount, due date, and payment instructions.
- Late Fee (Page 1): Outlines the late fee policy if rent is not paid by the due date.
- Security Deposit (Page 2): Specifies whether a security deposit is required and its amount.
- Occupants (Page 2): Lists any additional individuals living in the property apart from the tenant.
- Furnishings (Page 3): Indicates whether the property is furnished or not.
- Utilities (Page 3): Lists the utilities and services paid by the landlord.
- Pets (Page 3): Specifies whether pets are allowed on the premises.
- Smoking Policy (Page 3): Outlines the policy for smoking on the premises.
- Maintenance, Repair, & Alterations (Page 5): Details the tenant’s responsibilities for maintaining the premises.
- Default (Page 5): Defines what constitutes a default by the tenant.
- Governing Law (Page 6): States that the agreement is governed by the laws of the state of Alabama.
- Signatures (Page 7): Provides space for the signatures of the landlord and tenant, indicating their acceptance of the agreement’s terms.