Sample Residential Lease Agreement Template Page 6
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18the Property for inspections or other reasonable purposes during reasonable hours,
and at any time in case of emergency. Resident understands that Management’s
right to enter the Property is not subject to prior notice to Resident or permission
from Resident.
11.2
Resident shall not take any action impairing Management’s access to
the Property, including but not limited to construction of fences, adding or changing
locks, adding or changing security systems/burglar alarms. Should Resident need
to take any action that could potentially limit Management’s access to the Property,
such action may not be taken without the prior written consent of Management.
12. REPAIRS AND MAINTENANCE
Resident has fully inspected the Property and finds it acceptable and in good
repair in its current condition. Resident hereby accepts all costs and expenses
during the Lease Term associated with the repair or maintenance of the Property.
In the event that the Property requires repairs and/or maintenance, Resident shall
immediately notify Management, and Management will timely provide an estimate of
the expense of said repair(s) and/or maintenance. Management shall arrange for
the necessary repairs and/or maintenance, and Resident shall pay all costs and
expenses associated therewith as Additional Rental. If said costs and expenses
exceed [THRESHHOLD AMOUNT – SUGGEST $50] then Resident shall pay the
estimated costs and expenses to Management in advance.
Resident shall be fully responsible for all pest control. Any infestation shall
constitute default of this Lease by Resident.
13. TAXES
13.1
Real Property. Owner shall be responsible for paying all real estate
taxes owed on the Property.
13.2
Personal Property.
Resident shall be responsible for paying all
personal property taxes with respect to Resident’s personal property at the
Property.
Management shall pay all personal property taxes with respect to
Management’s personal property, if any, on the Property.
14. SECURITY DEPOSIT
Resident shall pay to Management a “Security Deposit” in the amount of
[AMOUNT OF SECURITY DEPOSIT] which Management shall return to Resident
upon termination of this Lease, subject to payment of all rents due, surrender of
possession, inspection of the Property, and confirmation by the Management that
Resident has performed all other obligations imposed hereunder. (In the event the
Base Rental hereunder increases, Management shall upon request be entitled to
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