Residential Lease/rental Agreement (Page 2 of 9) in pdf

Residential Lease/rental Agreement Page 2

each month at the office of Management or at such other place Management may

designate. After the third (3) of the month a late fee of $25.00 + $5.oo/day for every day

after the 3

will apply. Tennant agrees to pay $50.00 for each dishonored check.

Security Deposit

1. On execution of this Lease, the Tenant will pay the Landlord a security deposit of

_______________________________________ dollars ($_________), to indemnify

owner against damage to the property and for Resident’s fulfillment of the conditions of

this agreement. Deposit will be returned to Resident less any necessary cost in cleaning

and repairs, thirty days after residence is vacated if Lease term has expired and

agreement has been terminated by both parties.

2. Deposit will not be returned if Resident leaves before Lease time is complete.

3. During the Term of this Lease or after its termination, the Landlord may charge the

Tenant or make deductions from the Security Deposit for any or all of the following:

a) Repair of walls due to large nails or any unreasonable number of holes in the

walls including the repainting of such damaged walls;

b) Repairing cuts, burns, or water damage to tile, linoleum, carpet and other areas;

c) Repainting required to repair the results of any other improper use or excessive

damage by the Tenant;

d) Repairs and replacement required where windows are left open which have

caused plumbing to freeze, or rain or water damage to floors or walls; and

e) Replacing damaged or missing doors, windows, screens, mirrors or light fixtures;

f) Any other repairs or cleaning due to any damage beyond normal wear and tear

caused or permitted by the Tenant or by any person whom the Tenant is

responsible for;

g) Unplugging toilets, sinks and drains;

h) Any other purpose allowed under this Lease or the Act.

4. The Tenant may not use the Security Deposit as payment for the rent.

Early Termination

1. Resident may terminate this agreement before expiration of the original term by:

a) Giving Management at least one month’s written notice to be effective only on

the last day of a given month; plus

b) Paying all monies due through date of termination; plus

c) Paying an amount equal to one month’s rent; plus

Initials __________________________

Residential Lease/rental Agreement Page 2