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Louisiana Month to Month Rental Lease


Louisiana Month to Month Rental Lease
Louisiana Month to Month Rental Lease
RESIDENTIAL LEASE
The Standard Form (revised 8/08) of: For exclusive use of REALTORS ®
New Orleans Metropolitan Association of REALTORS ®, Inc. REALTOR® Boards provide this form as an aid,
Northshore Area Board of REALTORS ® and not as legal advice. REALTOR ® members
Saints Board of REALTORS ® assume no responsibility for unauthorized use
.
Date:
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PARTIES
(hereinafter referred to as Lessor)
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hereby leases to
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(hereinafter referred to as Lessee) the following described property:
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PREMISES
Apt. #
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in for use by Lessee as a private residence only.
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(City) (State) (Zip)
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TERM
This lease is for a term of months commencing on the day of ,
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and ending on the last calendar day of , .
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MONTH TO MONTH RENEWAL
If Lessee, or Lessor, desires that this lease terminate at the expiration of its term he must give to
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the other party written notice at least days prior to that date. Failure of either party to give this required notice automatically
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renews this lease and all of the terms thereof except that the lease will then be on a month to month basis.
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RENT
This lease is made for and in consideration of a monthly rental of
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dollars payable in advance on or before the 1st day of each month at
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Lessee agrees to pay Lessor the sum of
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dollars which is
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prorated rental for the period thru , . If rent is paid by the
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of the month, Lessee shall be entitled to a deduction of dollars per month, or a net rental of
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dollars per month provided, however, that if the rent due is not received by the of the month
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Lessee shall be considered delinquent. If Lessee pays by check and said check is not honored on presentation for any reason
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whatsoever, Lessee agrees to pay an additional sum of as a penalty. This penalty provision is not to be
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considered a waiver or relinquishment of any of the other rights or remedies of Lessor. At Lessor's discretion after receipt of
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NSF check; Lessor may require all future payments in the form of money orders or certified funds. Lessor shall give written notice
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to Lessee of this requirement.
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SECURITY DEPOSIT
Upon execution of this lease, Lessee agrees to deposit with Lessor, the sum of $ .
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This deposit shall be non-interest bearing and is to be held by Lessor as security for the full and faithful performance of the terms
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and conditions of this lease. This security deposit is not an advance rental and Lessee may not deduct portion of the deposit from
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rent due to Lessor. This security deposit is not to be considered liquidated damages. In the event of forfeiture of the security deposit
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due to Lessee's failure to fully and faithfully perform all of the terms and conditions of this lease, Lessor retains all of his other
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rights and remedies. Lessee does not have the right to cancel this lease and avoid his obligations hereunder by forfeiting said
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security deposit.
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Deductions will be made from the security deposit to reimburse Lessor for the cost of repairing any damage to the premises or
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equipment or the cost of replacing any of the articles or equipment that may be damaged beyond repair, lost or missing at the
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termination of this lease. Deductions will also be made to cover any unpaid amounts owed to Lessor for any damage, loss, or
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charges occurring prior to termination of this lease and for which Lessee is responsible. In the event that damages or other charges
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exceed the amount of the security deposit, Lessee agrees to pay all expenses and cost to Lessor. In the event there has been a
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forfeiture of the security deposit, excess charges shall be paid in addition to the amount of the said security deposit.
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Should there be any damage to the leased premises or equipment therein, reasonable wear and tear excepted, caused by Lessee, his
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family, guest or Agents, Lessee agrees to pay Lessor when billed the full amount necessary to repair or replace the damaged premises
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or equipment. This includes but is not limited to garbage disposal, plumbing problems due to improper usage, also water problems
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due to improper bath/shower usage.
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Not withstanding any other provisions expressed or implied herein, it is specifically understood and agreed that the entire security
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deposit aforesaid shall be automatically forfeited should Lessee vacate or abandon premises before the expiration of this lease, except
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where such abandonment occurs during the last month of the term of this lease, and Lessee has paid all rent covering the entire term
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and either party has given the other timely written notice that his lease will not be renewed under its automatic renewal provisions.
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Forfeiture of the security deposit shall not limit Lessor's rights nor Lessee's obligations.
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The leased premises must be returned to the Lessor in as good condition as they were at the time the Lessee first occupied same,
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subject only to normal wear and tear. Lessor agrees to deliver the premises clean and free of trash at the beginning of this lease and
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Lessee agrees to return the same in like condition at the termination of this lease. At the termination of this lease, the Lessee shall be
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entitled to an accounting and a return of the security deposit within 30 days thereafter, providing all of the obligations of the lessee
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have been fulfilled, including return of the keys to the Lessor. Lessee shall provide Lessor with a forwarding address, in writing.
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OCCUPANTS
The leased premises shall be occupied only by the persons listed below. Other occupants, including temporary
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visitors are not allowed to remain at the premises for a period in excess of 10 days.
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A temporary visitor is one who inhabits the premises for no more than ten (10) days.
___________________ __________________ ___________________ __________________
LESSEE'S INITIALS LESSEE'S INITIALS LESSOR'S INITIALS LESSOR'S INITIALS
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Louisiana Month to Month Rental Lease
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