When it comes to renting a property, one of the most important agreements that a landlord and tenant will need to sign is the key holder agreement. This document outlines who is responsible for the keys to the property, how they will be used, and what happens if they are lost or stolen.
To help landlords and tenants navigate this agreement, we have provided a simple key holder agreement sample that can be used as a template for creating a custom agreement.
Key Holder Agreement Sample
This Key Holder Agreement (“Agreement”) is made and entered into on [insert date] by and between [insert landlord name] (hereinafter referred to as “Landlord”) and [insert tenant name] (hereinafter referred to as “Tenant”).
Tenant will be provided with [insert number] keys to the property located at [insert property address]. Tenant will be responsible for all keys provided to them and will not make any duplicates or give the keys to anyone else without the written consent of the Landlord.
2. Use of Keys
Tenant will use the keys provided to them solely for the purpose of accessing the property. Tenant will not use the keys for any other reason, including but not limited to copying, distributing, or selling the keys.
3. Lost or Stolen Keys
If a key is lost or stolen, Tenant will immediately notify the Landlord in writing. Tenant will be responsible for the cost of replacing the lost or stolen key(s) and any expenses associated with the rekeying of the property if necessary.
4. Return of Keys
Upon the termination of the lease agreement, Tenant will promptly return all keys to the Landlord. Failure to return all keys may result in additional fees and expenses for the Landlord.
By signing this agreement, both parties acknowledge that they have read and understand the terms of this Agreement and agree to be bound by them.
Landlord: [insert landlord signature and date]
Tenant: [insert tenant signature and date]
In conclusion, a key holder agreement is an essential document that protects both landlords and tenants from potential issues related to keys to the property. By using this key holder agreement sample as a template for your own agreement, you can ensure that all necessary details are included and that both parties are protected in the event of lost or stolen keys.