Sample Contract of Lease with Special Power of Attorney

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    When you`re looking to lease out a property, it`s crucial to have a well-written contract that protects both the tenant and the landlord. One essential aspect of a lease agreement is including a special power of attorney clause, which allows the tenant to act on behalf of the landlord in specific situations.

    Here`s a sample of a contract of lease with a special power of attorney clause:

    1. Parties: This agreement made and entered into by and between [Landlord`s Name], hereinafter referred to as the “Landlord”, and [Tenant`s Name], hereinafter referred to as the “Tenant”.

    2. Property: The Landlord hereby leases to the Tenant the property situated at [Property Address], including all furnishings and fixtures, for a period of [Lease Term] starting on [Lease Start Date] and ending on [Lease End Date].

    3. Rent: The Tenant agrees to pay rent of [Monthly Rent Amount] every [Rent Due Date], with the first payment due on [First Rent Due Date]. Late payments will be subject to a penalty fee of [Late Fee Amount].

    4. Security Deposit: The Tenant agrees to pay a security deposit of [Security Deposit Amount] upon signing this contract. The security deposit will be returned to the Tenant at the end of the lease term, provided there are no damages or outstanding rent payments.

    5. Special Power of Attorney: The Tenant is hereby granted a special power of attorney to act on behalf of the Landlord in the following situations:

    a. To make repairs and/or improvements to the property, with the Landlord`s written consent.

    b. To collect rent payments and/or security deposit from the Tenant and to sign receipts for the same.

    c. To terminate this lease agreement with the Tenant, in accordance with the terms and conditions of this contract.

    6. Maintenance and Repairs: The Tenant agrees to maintain the property in good condition and to promptly inform the Landlord of any repairs or damages that need attention. The Tenant shall not make any alterations or additions to the property without the Landlord`s written consent.

    7. Termination: Either party may terminate this lease agreement upon [Notice Period] days` written notice to the other party. The Tenant agrees to surrender the property to the Landlord at the end of the lease term, in the same condition as it was at the beginning of the lease.

    8. Governing Law: This agreement shall be governed by and construed in accordance with the laws of [Jurisdiction].

    Having a clear and comprehensive lease agreement with a special power of attorney clause is essential for any landlord and tenant relationship. If you`re not familiar with the legalities of drafting such a contract, it`s best to seek the advice of a legal professional. By doing so, you can ensure that your interests are well-protected and legally binding.