If you`re planning on renting out a room in your home to a paying guest, it`s important to have a written agreement in place to protect yourself and your guest. This agreement should outline the terms and conditions of the rental arrangement, including how much rent will be paid, when it`s due, and what the guest will be responsible for during their stay.
Here`s a sample agreement for paying guests that you can customize to fit your specific needs and situation:
Guest Agreement for Paying Rent
This Agreement made on [insert date] between [insert host name], hereinafter referred to as “Host,” and [insert guest name], hereinafter referred to as “Guest.”
1. Room Rental: Host agrees to rent out one room in their home located at [insert address]. The room rental includes [insert room description, such as access to the bathroom, kitchen, and common areas.]
2. Rent Amount: The weekly rent amount is [insert amount] and is payable [insert payment frequency, such as weekly or monthly]. Rent is due on [insert due date, such as Sunday at noon]. Failure to pay rent will result in [insert late fee or eviction policy].
3. Security Deposit: Guest will pay a security deposit of [insert deposit amount] upon move-in. The security deposit will be returned to Guest if there is no damage to the room or common areas at move-out. If there is damage beyond normal wear and tear, the cost of repairs will be deducted from the security deposit.
4. Termination: Either party may terminate this Agreement with [insert notice period, such as 30 days] written notice.
5. Guests: Guest is responsible for all guests they invite to the home. Guests may stay overnight up to [insert number of nights] times per month with prior notification to Host.
6. Utilities: Host will provide utilities such as electricity, gas, and water. However, if the utilities exceed [insert amount], Guest will be responsible for paying the difference.
7. House Rules: Guest agrees to abide by all house rules, which may be amended from time to time by Host. If Guest violates any house rules, Host may terminate this Agreement.
8. Liability: Host is not liable for any accidents, injuries, or illnesses that occur during Guest`s stay. Guest is responsible for obtaining their own insurance.
9. Quiet Hours: Quiet hours are from [insert start and end times]. During this time, Guest agrees to keep noise to a minimum.
10. Pets: No pets are allowed on the premises without the prior approval of Host.
11. Governing Law: This Agreement shall be governed by and construed in accordance with the laws of [insert state].
12. Entire Agreement: This Agreement represents the entire understanding between Host and Guest and supersedes all prior negotiations and understandings.
13. Signatures: By signing below, Host and Guest acknowledge that they have read and agree to all the terms and conditions of this Agreement.
Host`s Signature: __________________________
Guest`s Signature: __________________________
Date: _________________