The facility space rental agreement is for the usage of space by a third (3rd) party, known as the ‘lessee’ or ‘tenant’, for the use of a party venue such as a wedding, graduation, etc. The space should be described by the lessor and when rented the event should be described along with the payment schedule and any non-refundable fees and/or security deposits. It is recommended for the lessor to require the lessee to receive a non-refundable deposit received within thirty (30) days before the event.
How to Write
Step 1 – In the header area enter the date, the owner’s (landlord/lessor) name, and the renter’s name. Followed by enter the property location and the name of the facility.
Step 2 – In the first (1st) section the amount of the initial fee to rent the space and should be deposited by a specified date. Followed by entering the non-refundable amount (from the initial fee amount), the remaining amount shall be used as the security deposit and should be entered in the following blank.
Step 3 – In section two (2), enter the time the space shall be rented for and the purpose of the event.
Step 4 – In section three (3) enter the total amount for the rental.
Step 5 – In section four (4) enter the final date for when the total rental amount must be paid.
Step 6 – In section seven (7) enter the past due interest rate for the remaining balance (if any) if the total rental fee was not paid by the expiration date.
Step 7 – At the bottom of the agreement the Owner and Renter should sign the form along with their printed name and address including their City, State, and Zip Code.