The Residency Agreement Form serves as the foundational document governing the relationship between property owners/managers and residents in the United States. This contract type is essential for protecting the rights and defining the responsibilities of all parties involved in residential occupancy arrangements. It must comply with federal housing laws, state-specific landlord-tenant regulations, and local housing ordinances. The agreement typically includes comprehensive details about financial obligations, property use, maintenance responsibilities, and termination conditions. It's particularly important for ensuring clear communication and legal compliance in residential property management.
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1. Parties: Identification of property owner/manager and resident(s), including full legal names and contact information
2. Background: Brief context about the property and purpose of the residency agreement
3. Definitions: Key terms used throughout the agreement including 'Property', 'Term', 'Rent', 'Security Deposit', etc.
4. Term of Residency: Duration of the agreement, including start and end dates, and renewal terms
5. Rent and Payment Terms: Amount of rent, payment schedule, acceptable payment methods, and late payment penalties
6. Security Deposit: Amount of security deposit, terms of holding, conditions for return, and permissible deductions
7. Maintenance and Repairs: Responsibilities of both parties regarding property upkeep, repair procedures, and emergency maintenance
8. Rules and Regulations: Property policies, resident conduct requirements, and compliance with local laws
9. Termination: Conditions and procedures for early termination by either party
10. Insurance and Liability: Required insurance coverage and liability responsibilities of both parties
1. Pet Policy: Terms for allowing pets, including deposits, restrictions, and responsibilities
2. Parking: Parking space allocation, fees, and rules for vehicle maintenance and guest parking
3. Utilities: Allocation of responsibility for utility payments and service arrangements
4. Subletting and Assignment: Terms and conditions for subletting or assigning the residence to others
5. Amenities Access: Rules and conditions for using common areas and additional facilities
1. Schedule A - Property Inventory: Detailed list of furnishings and their condition at move-in
2. Schedule B - House Rules: Comprehensive property rules and regulations including quiet hours, guest policies, and use of common areas
3. Schedule C - Move-in Inspection Report: Detailed documentation of property condition at occupancy start with photos and descriptions
4. Schedule D - Fee Schedule: List of all applicable fees including late fees, maintenance charges, and amenity fees
5. Appendix A - Emergency Procedures: Emergency contact information, evacuation procedures, and emergency maintenance protocols
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