Fill and Sign the Form Tn 864 1lt

U.S. Legal Forms, Inc. http://www.uslegalforms.com Form TN-864-1LT Residential Lease Agreement, Page 1 TENNESSEE RESIDENTIAL LEASE AGREEMENT MONTH TO MONTH This Residential Lease Agreement (hereinafter “Lease”) is entered into this the ____ day of _____________________, 20____, by and between the Lessor: ______________________________________, (hereinafter referred to as “Landlord”), and the Lessee(s): ____________________________________________________________________________________. All Lessees (hereinafter referred to collectively as “Tenant”), are jointly, severally and individually bound by, and liable under, the terms and conditions of this Lease. For the valuable consideration described below, the sufficiency of which is hereby acknowledged, Landlord and Tenant do hereby covenant, contract and agree as follows: 1. GRANT OF LEASE: Landlord does hereby lease unto Tenant, and Tenant does hereby rent from Landlord, solely for use as a personal residence, excluding all other uses, the personal residence located in __________________ County, Tennessee, with address of: ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________, including the following items of personal property:______________________________________________ ________________________________________________________________________________________________. 2. NATURE OF OCCUPANCY: As a special consideration and inducement for the granting of this Lease by the Landlord to the Tenant, the personal residence described above shall be used and occupied only by the members of the Tenant’s family or others whose names and ages are set forth below:______________________________________________________________________________________________________________________________________________________________________________________________. 3. TERM OF LEASE: This Lease shall commence on the ____ day of ___________________, 20____, and extend from month to month until: a. Either Landlord or Tenant gives the other written thirty (30) day Notice of Termination of Lease Agreement. This Notice of Termination need not be of any “cause”, but rather is solely “at the will” of the party giving notice. b. Either Landlord or Tenant gives the other a written Notice of Default, wherein the noticed party must either cure the breach (if cure is an option) or be terminated and vacate the premises on or before the end of the notice period, the length of which period will be dictated by the conditions of the
s (sic) failure to cure or cure before the end date set forth in the notice. . 4. Rights of tenant: upon written notice that the residential property or premises being rented is being abandoned or vacated, tenant acknowledges that, if the premises were occupied by such person, the premises or the part thereof described therein, in whole or in part, on the date of the notice of abandonment, have been vacated and abandoned and acknowledges that, unless he or she occupies the premises to which notice is given for a period not to exceed thirty (30) consecutive, days at the end of which he or she will vacate the premises and notify the tenant of any intention to vacate the premises; the tenant may not recent the residential property or premises; in the event rental is charged for the period beginning on the date of the notice of abandonment, or the date the premises are vacated, and ending on a date to be set by the court upon request of either party in the proceeding, the tenant is relieved from all obligations arising out of this lease, no matter whether the landlord has notified the tenant of the abandonment or the landlord had reason to know that the premises were abandoned or vacated; and any such obligations shall be discharged to the fullest extent by such tenant; 5. Tenant's obligation: after the expiration of a period of thirty (30) days after notice of abandonment is given, rent may only be increased by the lesser of two (2) percent per month, which is deemed the “fair market value" of the rental property, and ten percent (10%) per month, which is deemed the “maximum possible rent increase" in the event the landlord has reason to know that the person in possession and the premises to which notice was given are in violation of this lease. In no event shall tenant increase rent by more on the basis of this paragraph than ten percent (10%) per month. If rent is subject to a rent floor, at the time of the tenancy, the landlord shall have an affirmative obligation to act to preserve the landlord-tenant relationship