Residential Tenancy Agreement

RESIDENTIAL TENANCY AGREEMENT

THIS RESIDENTIAL TENANCY AGREEMENT ("Agreement" ) is made on this ____ day of __________ 20____.

BETWEEN

1. [FULL NAME OF LANDLORD ] , of ________________________________ ( hereinafter referred to as the "Landlord " );

AND

2. [FULL NAME OF TENANT ] , of ____________________________ ( hereinafter referred to as the "Tenant" ).

The Landlord and the Tenant are collectively referred to as the "Parties" and individually as a "Party."

BACKGROUND

WHEREAS:

1. The Landlord is the lawful owner of the residential property located at __________________________________ (hereinafter referred to as the  "Premises" ).

2. The Landlord desires to let the Premises to the Tenant, and the Tenant desires to rent the Premises from the Landlord upon the terms and conditions set out in this Agreement.

3. The Parties wish to record their respective rights and obligations in relation to the tenancy.

IT IS AGREED as follows:

1. THE PREMISES

1.%2. Description

The Landlord lets to the Tenant the residential property situated at ______________________________ (the "Premises" ).

2.%2. Type of Premises

The Premises comprise:

☐ Detached House

☐ Semi-Detached House

☐ Apartment

☐ Compound House

☐ Single Room

☐ Chamber and Hall

☐ Self-Contained Unit

☐ Other: __________________________________

3.%2. Fixtures and Facilities

The tenancy includes the use of the following fixtures, fittings and facilities:

_____________________________________________________________________

4.%2. Condition of the Premises

The Tenant acknowledges that, before taking possession, the Parties shall have an opportunity to inspect the Premises and record its condition in an inspection or inventory report, where applicable.

2. TERM OF TENANCY

1.%2. Commencement

The tenancy shall commence on ____________________ (the "Commencement Date" ).

2.%2. Duration

The tenancy shall continue for a period of ______ months / ______ years, and shall expire on ____________________ unless terminated earlier in accordance with this Agreement.

3.%2. Renewal

1.%2.%3. The Parties may renew the tenancy by mutual written agreement.

2.%2.%3. Any request for renewal should be made not less than ______ days before the expiry of the Term unless otherwise agreed.

3.%2.%3. Any renewed tenancy shall be recorded in writing and shall specify the revised rent (if any) and any other agreed terms.

3. RENT

1.%2. Rent

The Tenant shall pay r ent to the Landlord in the sum of:

GHS _________________________

payable:

☐ Weekly

☐ Monthly

☐ Quarterly

☐ Other: ____________________________

2.%2. Payment Date

Rent shall be paid on or before the ______ day of each payment period.

3.%2. Method of Payment

Rent shall be paid by:

☐ Bank Transfer

Bank: _______________________________

Account Name: _______________________

Account Number: _____________________

☐ Mobile Money

Network: ____________________________

Number: ____________________________

☐ Cash

☐ Other:

4.%2. Advance Rent

1.%2.%3. The Parties acknowledge that any advance rent shall comply with applicable law, including any statutory restrictions on the amount of rent that may lawfully be demanded or received in advance.

2.%2.%3. Amount paid in advance:

GHS __________________________ covering ______ months.

5.%2. Rent Review

Any review or increase of the r ent shall be made in accordance with applicable law and shall be communicated to the Tenant in writing.

6.%2. Late Payment

1.%2.%3. Where r ent remains unpaid after the due date, the Landlord may exercise any rights available under this Agreement or applicable law.

2.%2.%3. Any agreed late payment charge shall be:

GHS ___________________________

per:

☐ day

☐ week

☐ month

provided that such charge is lawful and reasonable.

4. SECURITY DEPOSIT

1.%2. Payment of Security Deposit

Upon execution of this Agreement, the Tenant shall pay the Landlord a Security Deposit of GHS ______________________________ (the "Security Deposit" ).

2.%2. Purpose

1.%2.%3. The Security Deposit shall be held by the Landlord as security for the due performance of the Tenant's obligations under this Agreement.

2.%2.%3. Without limitation, the Security Deposit may be applied towards:

1. Unpaid r ent or other sums lawfully due under this Agreement;

2. The reasonable cost of repairing damage to the Premises beyond fair wear and tear;

3. The replacement of lost keys, access devices or other property provided to the Tenant;

4. Cleaning costs where the Premises are not returned in substantially the condition required by this Agreement; and

5. Any other lawful amount owing by the Tenant at the termination of the tenancy.

3.%2. Return of the Security Deposit

Subject to any lawful deductions, the Landlord

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