This basic room rental agreement is a fixed-term lease. If you require more flexibility from your lease agreement, consider using our month-to-month rental agreement.
This Room Rental Agreement is on a fixed-term basis beginning on (Enter start date) and ending on (Enter end date) (referred to as ‘Term”).
Rent and Security Deposit
Monthly rent to be paid by Renter to Homeowner is $(Enter amount) per month, due on or before the 1st day of each calendar month during the Term of this Room Rental Agreement.
If a rent payment is not received within (Enter number) days of the 1st of the month, the payment will be considered late. A $(Enter amount) late fee will be charged for each additional day that the rent is late.
The Renter will pay the Homeowner a security deposit of $(Enter amount) as security for any damages to the House caused by the Renter. The Security Deposit will be returned to the Renter within (Enter number) days of the termination of this Room Rental Agreement, less any deductions for damages.