4.
Rent (CROSS OUT EITHER PARAGRAPH A OR PARAGRAPH B)
A. Month-to-month. If the lease term does not begin on the first day of the month, the first month's prorated
rent is $
, due on
, 20
. The full monthly rental price for the term of this lease is $
monthly, due on the
day of each month, beginning
, 20 . The rental price may not be
changed without
days written notice prior to the end of the rental month (specify number of days -- must
be at least 10).
Rent payments shall be made to
(name) at
(address). Resident shall incur and be charged $
per day as a late fee for payment of rent received
after
.m. o'clock on the
day of the month. Such fee, which will be considered additional
rent, may be collected immediately by owner/agent or, at owner/agent's option, such fee may be withheld from
resident's security deposit if written notice of such intended withholding is provided to resident within 45 days
of the date that the late fee is incurred. The giving of such notice of intent shall not relieve owner/agent
of any obligation pertaining to the security deposit set forth in section 6 of this lease. Late fees may be waived
if owner/agent agrees in writing. Resident should request such waiver by notifying owner/agent on or before
the rental due date and mutually arranging an alternative payment date.**
A charge of up to $
may be imposed for any resident's check returned to owner/agent because of
insufficient funds, whether the check is for rent, security deposit, or other payment.
Any late fee and returned check charge shall be a reasonable estimate of the administrative costs incurred by
owner/agent.
5.
Notice
Unless otherwise specified in this lease, all notices provided by this lease shall be in writing and shall be
delivered to the other party personally, or sent by first class mail, postage pre-paid, or securely and
conspicuously posted, as follows:
To resident: at the premises, or at resident's last known address
To owner/agent: at
Notice to one resident shall be deemed to be notice to all residents.
6.
Security Deposit (CROSS OUT EITHER PARAGRAPH A OR PARAGRAPH B)
A. Resident has paid owner/agent the sum of $
as a security deposit to secure the performance of
this rental agreement.
B. By optional and mutual agreement between owner/agent and resident, resident agrees to pay the security
deposit in the total amount of $
, according to the following payment schedule: