Sample Residential Lease Agreement Template Page 14
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18Resident agrees to be liable for any and all damage to the Property or to any
person caused by any pets or other animals on the Property.
Pets are strictly prohibited in the Property unless Resident is given prior
written consent from Management. For each pet, Resident will be subject to a
non-refundable pet deposit equal to [PERCENTAGE – SUGGEST 25-50% ] of the
then-current Base Rental, and monthly Additional Rental in the amount of
[PERCENTAGE] of the then-current Base Rental.
If unauthorized pets are found on the Property, Resident must remove said
animal and must immediately pay Additional Rent in the amount of the then-current
Base Rental plus the costs of carpet cleaning, painting, repairs and any other work
made necessary by way of the presence of the pet.
39. ADDITIONAL GUARANTY
Resident acknowledges that its credit history is insufficient to enable
Management to properly assess risks associated with nonpayment or other forms of
nonperformance hereunder. In order to induce Management to enter into this Lease
with Resident, [NAME(S) OF COSIGNOR(S)] (hereinafter “Non-Resident
Guarantor”) hereby agrees that he/she/they will be jointly and severally liable, in
his/her/their personal capacity, for any breach, default, nonperformance, loss or
damages associated with this Lease which is attributable to Resident. In the event
of such breach, default, nonperformance, loss, or damages, Non-Resident
Guarantor(s) acknowledge(s) that Management may bring suit against him/her/them
individually regardless of whether it has brought suit or intends to bring suit against
Resident. Non-Resident Guarantor(s) understand(s) that he/she/they is/are afforded
no rights to the Property under this Lease and that the provisions of this Section
exist solely to secure the risk to Management that exists due to Management’s
acceptance of Resident as party to this Lease.
40. MISCELLANEOUS
40.1
This Lease contains the entire agreement of the parties hereto and no
representations, inducements, promises or agreements, oral or otherwise, between
the parties, not embodied herein unless contained in a modification in writing
executed by all of the parties hereto, shall be of any force or effect.
40.2
This Lease may be executed in counterparts, and each counterpart,
and all counterparts together, shall constitute the original Lease.
40.3
No waiver of any default shall be implied from Management’s
omission to take any action on account of such default if such default persists or is
repeated, and no express waiver shall affect any default other than the default
specified in the express waiver and that only for the time and to the extent therein
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