A furnished serviced apartment lease agreement is a legally binding document that outlines the terms and conditions between a property owner (landlord) and a tenant for the rental of a fully furnished apartment with included services. This type of agreement is commonly used for corporate rentals, expatriate assignments, short- to mid-term stays, and premium residential leasing. A clear, structured lease agreement helps prevent misunderstandings, protects both parties, and ensures smooth tenancy management.
This blog explains what a furnished serviced apartment lease agreement is, why it is important, and the key clauses to include, and it provides a complete, customizable template.
What Is a Furnished Serviced Apartment Lease Agreement?
A furnished serviced apartment lease agreement is a rental contract in which the apartment is furnished with furniture, appliances, and additional services, such as housekeeping, utilities, maintenance, security, and internet. Unlike standard residential leases, serviced apartment agreements clearly define service inclusions, responsibilities, and service charges.
These agreements are typically used for:
- Corporate housing
- Long-stay business travelers
- Diplomats or expatriates
Short-term premium residential rentals
Why Is a Lease Agreement Important for Serviced Apartments?
A well-drafted lease agreement:
- Clearly defines rent, duration, and payment terms
- Lists all furniture, appliances, and amenities
- Specifies included and excluded services
- Protects the landlord’s property and assets
- Clarifies tenant responsibilities and restrictions
- Reduces legal risks and disputes
Key Clauses in a Furnished Serviced Apartment Lease Agreement
Before using a template, it’s important to understand the essential sections that should always be included.
1. Parties to the Agreement
Full legal names and addresses of the landlord and tenant.
2. Property Description
Complete address and details of the furnished serviced apartment.
3. Lease Term
Start date, end date, renewal terms, and notice period.
4. Rent and Payment Terms
Monthly rent amount, due date, payment method, and late payment penalties.
5. Security Deposit
Deposit amount, deduction conditions, and refund timeline.
6. Furniture and Inventory List
Detailed list of furniture, appliances, and fixtures, and their condition.
7. Services Included
Housekeeping, utilities, Wi-Fi, maintenance, security, parking, etc.
8. Maintenance and Repairs
Responsibilities of landlord and tenant regarding damages and repairs.
9. Use of Property
Residential use only, guest policy, and restrictions on commercial activities.
10. Termination and Exit Conditions
Early termination terms, penalties, and handover conditions.
Template of Furnished Serviced Apartment Lease Agreement
Below is a standard, editable template you can customize according to local laws and business needs.
Furnished Serviced Apartment Lease Agreement
This Lease Agreement is made on [Date]
BETWEEN
Landlord:
Name: ______________________________
Address: ___________________________
AND
Tenant:
Name: ______________________________
Address: ___________________________
1. Property Details
The Landlord agrees to lease the furnished serviced apartment located at:
[Full Address of Apartment]
2. Lease Term
The lease shall commence on [Start Date] and end on [End Date], unless renewed or terminated in accordance with this agreement.
3. Rent
The Tenant agrees to pay a monthly rent of [Amount], payable on or before [Due Date] of each month via [Payment Method].
4. Security Deposit
A security deposit of [Amount] is required prior to occupancy. The deposit will be refunded within [Number] days after lease termination, subject to deductions for damages or unpaid dues.
5. Furnishings and Inventory
The apartment is fully furnished. A detailed inventory list is attached as Schedule A and is acknowledged and accepted by the Tenant.
6. Services Included
The following services are included in the rent:
- Housekeeping: ____________________
- Utilities (Electricity/Water/Gas): ____________________
- Internet/Wi-Fi: ____________________
- Maintenance: ____________________
- Security/Concierge: ____________________
Any additional services shall be charged separately.
7. Maintenance and Damages
The Tenant shall maintain the apartment, furniture, and appliances in good condition. The Tenant shall bear any damage beyond normal wear and tear.
8. Use of Property
The apartment shall be used strictly for residential purposes. Subleasing or commercial use is prohibited without written consent from the Landlord.
9. Termination
Either party may terminate this agreement by providing [Notice Period] written notice. Early termination may attract penalties as agreed.
10. Governing Law
This agreement shall be governed by and interpreted in accordance with the laws of [Country/State].
11. Signatures
Landlord Signature: _______________________
Date: ___________________
Tenant Signature: ________________________
Date: ___________________
Best Practices When Using a Lease Agreement Template
- Customize clauses based on local rental laws
- Clearly define included services and limits
- Attach a signed inventory checklist
- Use a professional legal review for commercial use
- Keep both digital and printed copies
Conclusion
A furnished serviced apartment lease agreement is essential for protecting both landlords and tenants in premium rental arrangements. By clearly defining rent, services, responsibilities, and exit terms, this agreement minimizes disputes and ensures smooth tenancy.
Using a structured and legally sound template saves time, improves transparency, and enhances trust in serviced apartment rentals. Whether for corporate housing or long-term furnished stays, a well-prepared lease agreement is the foundation of a successful rental relationship.
Frequently Asked Questions
Is a furnished serviced apartment lease different from a standard lease?
Yes, it includes furniture, appliances, and service-related clauses not found in standard leases.
What services are usually included in serviced apartments?
Standard services include housekeeping, utilities, Wi-Fi, maintenance, and security.
Is a security deposit mandatory?
While not always mandatory, it is highly recommended to cover damages and unpaid dues.
Should the agreement be notarized?
This depends on local legal requirements and lease duration.
Can this template be used for corporate rentals?
Yes, with minor customization for corporate tenants and billing terms.