And Security Deposit Agreement Residential Lease (Page 2 of 3) in pdf

WILL APPLICANT MAINTAIN A RENTER'S INSURANCE POLICY?

YES

WRITE Y FOR YES OR N FOR NO: HAS APPLICANT OR ANY OTHER OCCUPANT EVER BEEN EVICTED?

FILED BANKRUPTCY?

LOST PROPERTY DUE TO FORECLOSURE?

HAD CREDIT PROBLEMS?

BEEN CONVICTED OF A FELONY?

IF YES TO ANY PRECEDING QUESTIONS, PLEASE EXPLAIN:

IS APPLICANT A MEMBER OF THE ARMED FORCES?

YES

LEAD-BASED PAINT AND/OR HAZARD INFORMATION:

If the Property was built before 1978, the Notice regarding Lead-Based Paint should be attached to this agreement.

FEES AND DEPOSITS: Applicant has submitted with this Application the following to Pilgrim Management Company.

A NON-REFUNDABLE FEE OF $____________ TO LANDLORD FOR PROCESSING AND REVIEWING THIS APPLICATION.

SECURITY DEPOSIT AND LEASE APPLICATION:

APPLICANT HAS TENDERED TO PILGRIM MANAGEMENT COMPANY A SECURITY DEPOSIT IN THE AMOUNT OF $_________________.

APPLICANT'S PROMISE TO LEASE UPON APPROVAL: Pilgrim Management Company will remove the Property from the market only after the

Applicant is approved. Any subsequent Applicant shall be considered for approval until a final decision is reached regarding your

application. This agreement contractually binds the Applicant, upon approval, to execute a written lease agreement with the terms as

stated in this Lease Application and Deposit Agreement on or before the requested initial date of occupancy, or within 5 days, the earliest.

NOTICE: Notice of approval or rejection may be made by: (a) telephone to Applicant, and/or Co-Applicant, or (b) U.S. mail postmarked on

or before the later of (i) the seventh (7th) day after the date Applicant submits a completed rental application to Landlord; or (ii) the day

following the seventh (7th) day after Applicant submits a completed rental application to Landlord if the seventh (7th) is a Saturday,

Sunday, or state or federal holiday; or (c ) e-mail to Applicant, and/or Co-Applicant.

REJECTION OF APPLICATION: If Owner does not approve Applicant as a Resident, Pilgrim Management company will refund the Security

Deposit to Applicant. If Owner does not give notice of approval to Applicant on or before the seventh (7th) day after date Applicant's

submited a completed application to Pilgrim Management Company, Applicant will be deemed rejected.

APPLICANT'S FAILURE TO COMPLY AND FORFEITURE OF SECURITY DEPOSIT: Owner will retain the Security Deposit as damages if Applicant

is notified of approval, as noted herein, and Applicant fails to sign a lease agreement with the terms specified in this agreement within the

time required. Applicant's failure to provide any required Lease Guarantee will be deemed a failure to comply with the terms of this

agreement and will result in the forfeiture of the Security Deposit. If Applicant or Pilgrim Management Company secures a replacement

resident satisfactory to the Owner and the replacement resident commences the lease on the Property on or before the Commencement

Date stated in this agreement, the Owner will refund One-Half (1/2) of the Security Deposit to the Applicant. Landlord will attempt to

mitigate any damage or loss caused by Applican't failure to comply by attempting to find satisfactory replacemtn tenants and reduce

Applicant's liability accordingly.

REPRESENTATION: Applicant and Co-Applicant represent that the above statements are true and complete. Providing false information

is grounds for rejection, termination of a lease, and retention of all money tendered to Landlord as liquidated damages.

AUTHORIZATION: Applicant and Co-Applicant authorize Pilgrim Management Company to: (1) obtain a copy of any consumer or credit

report and criminal background check related to this application; (2) verify any rental history, employment history, or other information

related to this application; and (3) discuss information thereby obtained with Owner.

This is a legally binding agreement. READ IT CAREFULLY. You may want to review a copy of the lease form to be used before signing this

agreement. If you do not understand the effect of this agreement, consult your attorney BEFORE signing.

Application amount received: $_______________

Deposit amount received: $_______________

Applicant Signature

Date

PILGRIM MANAGEMENT COMPANY

Date

As Property Manager for Owner

Co-Applicant Signature

Date

NOTICE: PILGRIM MANAGEMENT COMPANY WILL ACT AS THE PROPERTY MANAGER. FUTURE INQUIRIES ABOUT THE LEASE,

RENTAL PAYMENTS, SECURITY DEPOSITS, AND ALL OTHER MATTERS RELATING TO THE PROPERTY SHOULD BE DIRECTED TO PILGRIM

MANAGEMENT COMPANY. PILGRIM MANAGEMENT COMPANY HAS AUTHORITY TO BIND LANDLORD TO THE LEASE PURSUANT TO A

SEPARATE AGREEMENT.

STOP HERE. PAGE 3 TO BE COMPLETED BY PILGRIM MANAGEMENT COMPANY.

And Security Deposit Agreement Residential Lease Page 2

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