The Oregon Residential Lease Agreement is a legally binding contract between a landlord and a tenant that outlines the terms and conditions of renting residential property in Oregon. This form serves to protect the rights of both parties and establishes clear expectations regarding rent, maintenance, and other responsibilities. Understanding this agreement is essential for both landlords and tenants to ensure a smooth rental experience.
When renting a home in Oregon, understanding the Oregon Residential Lease Agreement form is essential for both landlords and tenants. This document outlines the rights and responsibilities of each party, ensuring a smooth rental experience. Key components of the agreement include the rental amount, payment due dates, and the length of the lease term. Additionally, it addresses security deposits, maintenance responsibilities, and rules regarding pets and guests. Both parties must carefully review the terms to avoid misunderstandings and disputes down the line. By clearly defining expectations, this lease agreement serves as a vital tool in fostering a positive landlord-tenant relationship, making it a cornerstone of renting in the state.
Oregon Residential Lease Agreement
This Oregon Residential Lease Agreement ("Agreement") is entered into by and between _______________________ ("Landlord") and _______________________ ("Tenant"). The premises located at ________________________________________ ("Premises") in the State of Oregon, are to be leased subject to the terms and conditions as set forth herein.
This Agreement is governed by and construed in accordance with the laws of the State of Oregon, including but not limited to the Oregon Residential Landlord and Tenant Act.
Term
The lease begins on __________, 20__, and ends on __________, 20__, unless extended or terminated sooner in accordance with this Agreement.
Rent
Rent is $________ per month, payable on the first day of each month. The first month's rent is due and payable upon signing of this Agreement. If rent is not paid within five days of the due date, a late fee of $________ shall be incurred.
Security Deposit
A security deposit of $________ is required upon signing this Agreement. This deposit is held as security for the performance of Tenant's obligations under this agreement and may be applied by Landlord to cover any defaults by Tenant, including but not limited to unpaid rent, repair costs for damage to the Premises, and cleaning charges. The remaining balance, if any, will be returned to Tenant within 31 days after the lease ends, along with a written account of any deductions.
Occupants
The Premises shall be occupied strictly as a private dwelling with the total number of occupants not to exceed ______. Only the following named persons are authorized to occupy the Premises:
Maintenance and Repairs
Tenant agrees to keep the Premises in a clean and sanitary condition, to promptly notify Landlord of any damage, and to be responsible for repairs caused by Tenant’s negligence or misuse. Landlord is responsible for maintaining the Premises in a habitable condition and for complying with state and local health and building codes.
Alterations
Without prior written consent from the Landlord, Tenant shall not make any alterations, additions, or improvements to the Premises.
Utilities
Tenant is responsible for the payment of all utilities associated with the Premises, except for ____________, which will be paid by Landlord.
Rules and Regulations
Tenant agrees to comply with all applicable building, zoning, health codes, and other applicable laws, as well as any rules and regulations set forth by Landlord and provided to Tenant. Violation of any of these terms shall be grounds for termination of this Agreement.
Termination
Upon termination of the lease, Tenant agrees to return the Premises in the same condition as at the beginning of the lease, reasonable wear and tear excepted. Tenant shall vacate the Premises no later than 5:00 PM on the last day of the lease term.
Signature
By signing below, both Landlord and Tenant agree to be bound by the terms and conditions of this Agreement.
Landlord's Signature: ___________________________ Date: __________
Tenant's Signature: ___________________________ Date: __________
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