LEASETHIS IS A RESIDENTIAL LEASE. EACH TENANT SHOULD READ THISLEASE CAREFULLY. EACH TENANT SHOULD NOT SIGN THIS LEASE UNTILEACH TENANT UNDERSTANDS ALL OF THE AGREEMENTS IN THIS LEASE. 1. NAMES OF LANDLORD AND TENANTName of the Landlord: Name(s) of the Tenant(s):2. LEASED PROPERTYThe leased propertyis the place that landlordagrees to lease to tenant.The leased property is: 3. STARTING AND ENDING DATES OF LEASE AGREEMENTThis lease starts on _________________________This lease ends on __________________________4. RENTThe amount of rent is: $ each month.Tenantagrees to pay the monthly rent in advance on or before the day ofeach month. Landlorddoes not have to ask (MAKE DEMAND UPON) tenanttopay the rent. Tenantagrees to pay rent by first class mail postage prepaid or inperson to landlordat the place specified by landlord.Tenantagrees to pay a LATE CHARGEof $________ per day if tenantdoesnot pay the rent on time. If tenantmails the rent to landlord, the date of paymentwill be the date the letter is postmarked. 5.DEPOSIT Theamountof the security deposit for lease period$...............................Tenant shall pay to Landlord a sum equal to the amount shown above for SECURITY DEPOSIT which shall be held by Landlord as security deposit. This is due upon signing the lease which will be before the Tenant takes possession of the apartment. Before the Landlord returns the security deposit to Tenant; 1) Tenant shall vacate the Leased Premises and Landlord shall inspect the Leased Premises for damage; 2) Tenant shall have complied with all lease terms, conditions and rules and regulations; 3) Tenant shall have paid in full the rental, additional rent and late charges if any. Landlord may retain all or any part of the Security Deposit to reimburse Landlord for any and all loss, damage and expense due to Tenant’s violation of the terms and conditions, or rules and regulations of this Residential Lease or due to nonpayment of rent, additional rent or late charges, if any. Tenant acknowledges that the Security Deposit is not to be used as payment of ANY month’s rent. Security Deposits for leases that completely renew without any roommate changes for more than 2 years will held in an interest bearing account at
____ Bank. 6. LANDLORD'S DUTY AT THE START OF THE LEASELandlord agrees to give tenantpossession of the leased property on thestarting date of the lease. The lease will start even if landlordcannot give tenantpossession of the leased property because the prior Tenantis still in the leasedproperty or the leased property is damaged. IF LANDLORD CANNOT GIVETENANT POSSESSION, TENANT DOES NOT HAVE TO PAY RENT UNTIL THE
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- Fall '10
- Business, tenant, landlord, Leasehold estate, Rental agreement