Sample Residential Lease Agreement Template Page 11
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18reasonable attorneys' fees, as Additional Rental hereunder. Resident, for himself
and his family, waives all homestead rights and exemptions which he may have
under any law as against any obligation owing under this Lease. Resident hereby
assigns to Management Resident’s homestead rights and exemptions, if any.
29.2
Resident hereby waives any objection to jurisdiction or venue being
exercised by, or present in the courts of [NAMES OF LOCAL/STATE COURTS],
or the federal district court of the [NAME OF FEDERAL COURT DISTRICT].
Notwithstanding anything in section 31, infra, in the event Resident fails to maintain
residence or occupancy at the Property, Resident agrees that all papers, summons,
complaints, and notices may be served on the [GOVERNMENTAL BODY SUCH
AS SECRETARY OF STATE], as Resident’s duly appointed agent for service of
process.
29.3 Resident agrees that Management shall have the exclusive right, but
not the obligation, to require that disputes hereunder be submitted to binding
arbitration. All fees associated with submission of a dispute to binding arbitration
shall initially be borne by the filing party, and shall ultimately be paid as determined
by the findings of the arbitrator.
29.4
If a court of competent jurisdiction finds that Management has
breached this lease, and that such breach has damaged Resident, Resident shall
be entitled to recovery of reasonable attorney’s fees from Management.
30. RIGHTS CUMULATIVE
All rights, powers and privileges conferred hereunder upon parties hereto
shall be cumulative but not restrictive to those given by law.
31. NOTICES AND SERVICE OF NOTICE
All notices required by law or by this Lease shall be given by depositing
same in registered or certified U.S. Mail, postage prepaid, and addressed as
follows:
For Management:
[YOUR ADDRESS]
(hereinafter called “Managements’s Address”)
with a copy to:
[YOUR ATTORNEY’S NAME & ADDRESS]
or to such other address as Management may from time to time designate in writing
to Resident.
For Resident:
[STREET ADDRESS OF PROPERTY]
(hereinafter called “Resident’s Address”)
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