Rental/lease Agreement - Residential (Page 4 of 6) in pdf

 There are no appliances provided for the Resident/Tenant’s use on the premises. Resident/Tenant is solely responsible for the purchase and installation of same

and said installation and removal upon expiration of this lease shall be performed by a licensed contractor/installer. Owner/Agent is NOT responsible to change or

install gas, venting or electrical connections for Resident/Tenant. Any alterations to allow the use of a certain type of appliance that there are no existing connections

for shall be done at the tenants sole expense by a licensed contractor, with prior approval by Owner/Agent.

15. PERSONAL PROPERTY.

All of the Resident/Tenant’s personal property on the premises shall be kept at the Resident/Tenant’s sole risk, and the

Owner/Agent shall not be responsible for any loss or damage that is occasioned by the acts or omissions of persons occupying adjoining premises or any part of the

premises adjacent to or connected with the premises.

16. INSURANCE COVERAGE.

Resident/Tenant acknowledges and agrees that the Owner/Agent’s fire, hazard, and liability coverage for injury or damage to

persons or property, both real and personal, does not extend to or on behalf of the Resident/Tenant. The Resident/Tenant shall insure their interests. The

Resident/Tenant shall obtain and maintain, at their sole expense, in full force, general liability and property damage insurance with coverage of not less than

$______100,000_______________

for injury or death to any one person,

$____100,000___________________

for injury or death to more than one person, and

$___50,000__________________

for property damage, covering all claims for injuries to persons occurring on or around the premises. The Owner/Agent must

approve the amount and the issuing company of the insurance. Each insurance policy shall also contain a provision exempting the Owner/Agent from any loss of

coverage as an insured due to the acts of the Resident/Tenant. The Resident/Tenant shall give the Owner/Agent customary insurance certifications evidencing that

the insurance is in effect during the term of the Rental Agreement. All policies must also provide for notice by the insurance company to the Owner/Agent of any

termination or cancellation of a policy at least 30 days in advance. All policies shall name both the Resident/Tenant and the Owner/Agent as insured parties.

17. LIABILITY OF TENANT.

Resident/Tenant shall be responsible for any personal injury or property damage caused by Resident/Tenants, their agents, clerks,

servants, pets, invitees and visitors, and property damage caused by the overflow or escape of water, steam, gas or any other substance resulting from any

intentional act of negligence of Resident/Tenants, their agents, clerks, servants, pets, or visitors. The Owner/Agent shall be released from liability arising from loss,

damage, or injury to property of Resident/Tenant, invitees, and any other persons, caused by fire, accident or other casualty at the premises, including, but not limited

to those occurring in the premises, common areas, if any and exterior. Resident/Tenant agrees that insurance is carried by the Resident/Tenant, to cover same,

under a policy which permits waiver of liability and waives the insurer’s right of subrogation, to the extent of any recovery by the injured party under the policy.

Resident/Tenant agrees that any judgment against Owner/Agent may only be enforced against this property and not the assets of the Owner, his partners, principals,

agents, employees or assigns.

INITIALS:

___________

18. INDEMNITY.

The Resident/Tenant agrees to indemnify and defend the Owner/Agent for any liability, loss, damage, cost, or expense (including attorney fees)

based on any claim, demand, suit, or action by any party with respect to any personal injury (including death) or property damages, from any cause, with respect to

the Resident/Tenant or the premises, except for liability resulting from the intentional acts or gross negligence of the Owner or its employees, agents, invitees, or

business visitors.

19. ENTRY AND INSPECTION.

Resident/Tenant shall permit Owner or Owner’s agent to enter the premises at all reasonable times and or upon reasonable

notice for the purpose of inspecting the premises or showing the same to the prospective tenants or purchasers, or for making necessary repairs. At any time prior to

the expiration of the rental term, Owner/Agent hereby reserves the right to affix “For Rent” or “For Sale” signs on the premises and Resident/Tenant agrees to

cooperate fully with showings of the premises

20. ABANDONMENT.

Abandonment shall have occurred if (1. without notifying the Owner/Agent, the Resident/Tenant is absent for fifteen (15) days while rent is

due and Resident/Tenant’s possessions remain in the premises; or (2. without notifying the Owner/Agent, the Resident/Tenant is absent for three (3) days while rent

is due and substantially all of Resident/Tenant’s possessions have been removed from the premises. If Resident/Tenant abandons the premises, Owner/Agent shall

have the right to enter and repossess the premises and offer to rent the property at fair market value. Resident/Tenant shall be liable for the entire rent due for the

remainder of the term, and/or the cost of re-renting the premises, including rent lost, the cost of restoration to the condition at the time it was rented, and reasonable

fees for renting the property. If Resident/Tenant has left personal property in the premises, Owner/Agent shall remove and store it and give Resident/Tenant notice of

this action. Resident/Tenant may obtain such personal property from Owner by paying the reasonable moving and storage expenses, unpaid rent, utilities and

damages arising as a direct result of Resident/Tenant’s occupancy and pay other damages of any type whatsoever which approximately arise from any acts of

Resident/Tenant. Owner/Agent may sell, transfer or otherwise convey such personal property at its fair market value and set off the proceeds toward any amount the

Resident/Tenant may owe Owner/Agent.

In addition to the Owner/Agent’s other rights and remedies as stated in this Rental Agreement, and without waiving any of those rights, if the Owner/Agent deems

necessary any repairs that the Resident/Tenant is required to make or if the Resident/Tenant defaults in the performance of any of its obligations under

this Rental Agreement, the Owner/Agent may make repairs or cure defaults and shall not be responsible to the Resident/Tenant for any loss or damage that is

caused by that action. The Resident/Tenant shall immediately pay to the Owner/Agent, on demand, the Owner/Agent’s costs for curing any defaults, as additional

rent under this Rental Agreement.

21. DEFAULT, OWNER/AGENTS REMEDIES.

Failure to comply with one or more of the substantive or procedural terms of this Agreement, shall constitute a

default of the entire Agreement. In case of default, Owner/Agent shall have the immediate right to possession by means of self-help or legal process, and such

remedy is not intended to be exclusive but rather cumulative and in addition to any other remedies available under Michigan law.

22. WAIVER.

The failure of the Owner/Agent to enforce any term hereof shall not constitute a waiver, nor shall acceptance of a partial payment of rent or other

money shall be deemed a waiver of the Owner/Agent’s right to the full amounts due and owing.

23. ASSIGNMENT AND SUBLETTING.

Resident/Tenant shall not assign this Agreement or sublet any portion of the demised premises without the express

prior written consent of the Owner/Agent. The Owner/Agent shall have the sole discretion in his approval of proposed assignments, subleases or transfers. Any

Rental/lease Agreement - Residential Page 4

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