Get Started!

Create an Account and Secure Your Exclusive Logo Today.

AC Room Agreement

5.0
|
Legalio Average
0%
Customized to your U.S. state
x

Enter the information here:













calender








calender











calender

calender









































calender

calender


Por favor, completa los datos en el formulario ubicado a la izquierda.

AC ROOM AGREEMENT

This Loan Agreement is made between the following parties:

Lender:

_______, with its registered address at _______ (hereinafter referred to as the “Lender”).

Borrowers:

_______, residing at _______.

_______, residing at _______.

_______, residing at _______.

(collectively referred to as the “Borrowers”).

The Lender agrees to provide a loan to the Borrowers in the total amount of _______, subject to the terms and conditions of this Agreement.

The loan will accrue interest at the rate of _______% per annum.

The loan term will begin on _______ and mature on _______.

The property being financed by this loan is located at:

_______.

The Borrowers agree to repay the loan according to the agreed schedule, with repayments occurring _______.

RECITALS

WHEREAS, the Landlord is the lawful owner of, or otherwise possesses the full legal authority to lease, certain residential real property located at _______ (the "Property"); WHEREAS, the Landlord agrees to lease to the Tenant, and the Tenant agrees to lease from the Landlord, a specific air-conditioned room within the Property, more particularly identified as _______ (the "Room"), pursuant to the terms and conditions hereinafter set forth; WHEREAS, the Tenant desires to lease the Room from the Landlord for residential purposes, and the Landlord is willing to grant such a lease, subject to the mutual covenants and agreements contained herein; and NOW, THEREFORE, in consideration of the mutual promises, covenants, and agreements contained herein, and for other good and valuable consideration, the receipt and legal sufficiency of which are hereby irrevocably acknowledged, the Parties agree as follows:

ARTICLE 1: DEFINITIONS

The following capitalized terms, when used in this Agreement, shall have the meanings ascribed to them in this Article 1.
  • "Agreement" means this AC Room Agreement, inclusive of all schedules, exhibits, and any subsequent amendments executed in writing by both Parties.
  • "Commencement Date" means the date upon which the Term of this Agreement begins, as shall be specified elsewhere in this Agreement.
  • "Common Areas" means all areas, facilities, and amenities within the Property that are not part of the Room or any other designated private room, and which are made available by the Landlord for the shared use and enjoyment of the Tenant and other occupants of the Property.
  • "Excluded Areas" means those specific parts of the Property from which the Tenant is expressly and strictly prohibited from accessing, as more particularly described as: _______.
  • "Furnishings" means all items of personal property, furniture, and appliances provided by the Landlord for the Tenant's use within the Room, as detailed in Section 2.2.
  • "Landlord" means the party leasing the Room to the Tenant, as identified in the Parties section of this Agreement.
  • "Parties" means the Landlord and the Tenant, collectively. "Party" means either the Landlord or the Tenant, individually.
  • "Property" means the entire residential dwelling, including any associated land and appurtenances, located at the address specified as: _______.
  • "Rent" means the periodic payment made by the Tenant to the Landlord as consideration for the lease of the Room.
  • "Room" means the specific, private, air-conditioned room designated as _______ located within the Property, which is the subject of this lease.
  • "Security Deposit" means the sum of money held by the Landlord as security for the full and faithful performance by the Tenant of all terms, covenants, and conditions of this Agreement.
  • "Tenant" means the party leasing the Room from the Landlord, as identified in the Parties section of this Agreement.
  • "Term" means the duration of this lease, commencing on the Commencement Date and continuing for the period specified in this Agreement.

ARTICLE 2: THE PREMISES

2.1 Grant of Lease

The Landlord hereby leases to the Tenant, and the Tenant hereby leases from the Landlord, for the Term and subject to the covenants and conditions contained herein, the exclusive use and occupancy of the Room located within the Property.

2.2 Description of Room and Furnishings

The Room is provided with the following specific furnishings, appliances, and items, all of which are included in the Rent and are considered the Furnishings for the purpose of this Agreement: _______.

2.3 Tenant's Responsibility for Furnishings

The Tenant agrees to maintain the Furnishings in good order and condition, subject to reasonable wear and tear, and shall be financially liable for the cost of repair or replacement for any damage thereto resulting from the Tenant's negligence, recklessness, or willful misconduct, or that of the Tenant's guests.

2.4 Condition of the Premises

The Tenant acknowledges having had the opportunity to inspect the Room and the Furnishings prior to executing this Agreement and accepts them in their current "as-is" condition. The Parties shall complete and sign a move-in inspection checklist upon the Commencement Date to document the initial condition of the Room and Furnishings, which shall be incorporated herein by reference.

2.5 Use of Common Areas

The Tenant is granted a non-exclusive, revocable license to use the Common Areas for their intended residential purposes, in common with the Landlord and any other lawful occupants of the Property. This license is contingent upon the Tenant's compliance with all terms of this Agreement and any House Rules established by the Landlord.

2.6 Excluded Areas

Notwithstanding any other provision herein, the Tenant is expressly and strictly prohibited from entering, using, or accessing the Excluded Areas at any time and for any reason. Any unauthorized access to Excluded Areas shall be deemed a material breach of this Agreement, entitling the Landlord to pursue all available remedies, including but not limited to the immediate termination of the tenancy.

ARTICLE 3: GOVERNING LAW AND JURISDICTION

3.1 Governing Law

This Agreement, and all matters arising out of or relating to this Agreement, shall be governed by and construed in accordance with the domestic laws of the State of _______, without giving effect to any choice or conflict of law provision or rule that would cause the application of the laws of any jurisdiction other than the State of _______.

3.2 Jurisdiction and Venue

Each Party irrevocably and unconditionally agrees that it will not commence any action, litigation, or proceeding of any kind whatsoever against the other Party in any way arising from or relating to this Agreement in any forum other than the state and federal courts located within the county in which the Property is situated. Each Party irrevocably and unconditionally submits to the exclusive jurisdiction of such courts and waives any objection to the laying of venue of any such litigation in such courts.

2.7 Inventory and Condition Report

The Parties agree to jointly complete and sign an Inventory and Condition Report ("Report") detailing the contents and condition of the Room and Furnishings, as well as the shared Common Areas, on or before the Commencement Date. This Report, a copy of which shall be attached hereto as an exhibit and incorporated herein by reference, shall serve as conclusive evidence of the state of the Premises at the start of the tenancy. A second inspection will be conducted upon termination of the tenancy to assess for any damages beyond normal wear and tear, and the Report will be used as the baseline for such assessment.

ARTICLE 4: RENT AND PAYMENT

4.1 Monthly Rent

The Tenant shall pay to the Landlord, as Rent for the Room, the sum of _______ (_______) per month. The first full month's Rent is due on or before the Commencement Date. Thereafter, Rent is due and payable in advance, without demand, deduction, or set-off, on or before the _______ day of each calendar month for the duration of the Term.

4.2 Prorated Rent for First Month

If the Commencement Date is on a day other than the first day of a calendar month, the Rent for the initial partial month shall be prorated. The Tenant shall pay a one-time prorated rent amount of _______ (_______) for the period commencing on the Commencement Date of _______ and ending on the last day of that same calendar month. This prorated payment is due in full on or before the Commencement Date.

4.3 Payment Instructions

All payments of Rent and any other sums due under this Agreement shall be made in lawful currency of the United States. Payments shall be delivered to the Landlord at an address or via an electronic payment method (such as bank transfer, Zelle, or Venmo) as the Landlord may designate in writing from time to time. The Tenant bears all risk of loss or delay for payments sent by mail. A payment is deemed received only upon actual receipt by the Landlord or the Landlord's designated agent.

4.4 No Deductions or Set-Off

The obligation of the Tenant to pay Rent and other charges hereunder is an independent covenant. The Tenant shall not, under any circumstances, be entitled to make any deduction, abatement, counterclaim, or set-off from any Rent or other sums due to the Landlord under this Agreement, including but not limited to claims arising from any alleged breach by the Landlord or any need for repairs to the Premises.

4.5 Dishonored Payments

If any payment made by the Tenant is dishonored by the financial institution upon which it is drawn for any reason (including, but not limited to, insufficient funds), such an event shall be deemed a material breach of this Agreement. The Tenant shall be responsible for immediately tendering the full amount due via certified funds. Furthermore, the Tenant shall be liable for and shall immediately pay to the Landlord any and all fees or charges incurred by the Landlord as a result of the dishonored payment, in addition to any applicable late fees as may be specified elsewhere in this Agreement.

4.6 Application of Funds

Unless otherwise required by applicable law, any payments received by the Landlord from the Tenant shall be applied in the following order of priority: first, to any outstanding non-rent charges owed by the Tenant (such as late fees, dishonored payment fees, utility reimbursements, or costs for damages); second, to any past-due Rent; and third, to the current month's Rent.

Confidentiality Clause

<p>Obligates parties to keep shared information private, restrict disclosure to third parties, and often continues after contract termination.</p>

__________________

SIGNATURES

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

SERVICE PROVIDER:

Full Legal Name: _______

Registered address: _______

Signature: ___________________________     Date: ___________________________

 

CLIENT:

Full Legal Name: _______

Residential address: _______

Signature: ___________________________     Date: ___________________________

 

CLIENT:

Full Legal Name: _______

Residential address: _______

Signature: ___________________________     Date: ___________________________

 

CLIENT:

Full Legal Name: _______

Residential address: _______

Signature: ___________________________     Date: ___________________________