Residential Lease Agreement Page 2
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101.
RENT: As a convenience, LANDLORD may give TENANT pre-addressed envelopes in which to mail rent. TENANT must write
the complex, building and unit number on the envelope. If TENANT does not have or is not given envelopes, TENANT must use
TENANT’s envelopes. TENANT may not use lack of envelopes as an excuse for late or non-payment of rent.
TENANT pays only the discounted monthly rent if:
a)
TENANT mails the rent to LANDLORD by U.S. Postal Service (private or other delivery is not acceptable); and,
nd
b)
the U.S. Postal Service postmarks the mail no later than the 2
of the month; or,
nd
c)
LANDLORD receives the rent by the 2
of the month
TENANT may not use personal postage meters to postmark rent envelopes. TENANT may not pay rent in cash. TENANT must pay
rent by check or money order.
LANDLORD may tell TENANT about a returned check by placing notice at or under the door of TENANT’s unit or by U.S. Mail. If
the bank returns a check, TENANT must pay future rent by Cashier’s Check or Money Order ONLY.
A cosigner of this lease is a person other than the TENANT who signs the lease to ensure TENANT’s compliance with the terms of
this lease.
Each person who signs this lease, including all cosigners, is responsible for all provisions contained in this lease. Each person who
signs this lease, including all cosigners, is responsible for the entire rent. This means that any single TENANT or COSIGNOR can be
sued for the entire rent and payment of any damages.
2.
SECURITY DEPOSIT: TENANT gives to LANDLORD money as a security deposit. TENANT may not use the security deposit
for rent or to pay any other amount due to LANDLORD.
Security deposits are deposited in an escrow account with a financial institution of LANDLORD’s choice. The security deposit earns
no interest unless the TENANT‘s LEASE extends to the third year.
LANDLORD may use the security deposit to pay for rent, damages or necessary cleaning costs upon lease expiration or TENANT
abandoning the premises. LANDLORD will return the unused portion of the security deposit within 30 days after the expiration of the
lease, including a summary describing how the security deposit was used.
LANDLORD will return the security deposit, with any interest earned, to TENANT within the 30 days following the end of the term
on the condition that TENANT gives LANDLORD written notice of TENANT’s forwarding address.
At the end of the lease, TENANT must give a forwarding address in writing to the LANDLORD for return of the security deposit.
Until TENANT does so, LANDLORD cannot return the security deposit. The security deposit will not earn interest after the end of
the lease. An administrative cost equal to 8.33% of the original security deposit amount will be charged to the TENANT every month
after the 30 day period following the lease end date. This cost will be attributed to holding the Security Deposit, due to an insufficient
or un-provided forwarding address by TENANT, and will continue to be charged until the Security Deposit has been absolved.
3.
UTILITIES: TENANT agrees to pay the following utilities payments directly to the utility providers:
□ Cable
□ Phone
□ Gas
□ Electric □ Water
□ Sewage
TENANT agrees to pay the following utilities payments directly to LANDLORD:
□ Cable
□ Phone
□ Gas
□ Electric □ Water
□ Sewage
TENANT is not responsible for payment of the following utilities:
□ Cable
□ Phone
□ Gas
□ Electric □ Water
□ Sewage
TENANT understands that any utilities that are not the responsibility of the TENANT are not to be abused. LANDLORD has the
right to decide if “utility abuse” exists, which would be concurrent with excessive, unwarranted usage. This determination made by
the LANDLORD can be done by any means deemed appropriate by LANDLORD. If it is found that “utility abuse” exists, TENANT
agrees that LANDLORD may bill TENANT for any amount over what LANDLORD deems is reasonable or acceptable. TENANT
Landlord Initials__________
Tenant Initials__________ __________ __________ __________
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