Roommate Substitution Agreement Template (Page 2 of 7) in pdf

ROOMMATE SUBSTITUTION AGREEMENT

is the Landlord under a certain Lease (Hereinafter called the "Lease") dated

of apartment #

at the building

having an address of

2. The following persons (hereinafter called the "Present Tenants") are the tenants named in the Lease:

NAMES OF

ALL

CURRENT

TENANTS:

3. The Present Tenants assign their interest under the Lease (including their rights in any security deposits or last month's rent previously paid to

the Landlord) to the following persons, including any Present Tenants that are remaining on the Lease (hereinafter called the "New Tenants"):

NAMES OF

ALL NEW

TENANTS:

4. Effective

, the New Tenants jointly and severally assume obligations of the Present Tenants under said Lease to be performed

either before or after the date of the Roommate Substitution Agreement. Any further assignment or other transfer of any of the rights of the New

Tenants will require written approval of the Landlord as set forth in the Lease.

5. If you send a check to make your rental payment, the check may be converted into an electronic funds transfer. “Electronic Funds Transfer” is

the term used to refer to the process in which we electronically instruct your financial institution to transfer funds from your account to our account,

rather than processing your check. By sending your completed check to us, you authorize us to use the account information from your checking to

make an electronic fund transfer from your account for the same amount as the check. If the electronic fund transfer cannot be processed for

technical or other reasons, you authorize us to process an image replacement document, draft, or a copy of your check. If you do not wish to

participate in this check conversion program, please contact us within ten days of receiving this lease at (617) 783-0039.

6.The parties acknowledge that the term of the Lease will expire on

and has not been extended or renewed beyond that date.

7. SECURITY DEPOSIT RECEIPT This is to confirm that The Hamilton Company, Landlord's Agent, this day, acknowledges receipt from the aforesaid tenant

an additional security deposit in the amount of $

, which brings your total security deposit on the above stated apartment to $

Said security deposit is being kept in…

OFFICE USE ONLY

□ account #00010310847, Compass Bank, 1299 Beacon Street, Brookline, MA 02446, entitled The Hamilton Company

Security Deposit Escrow Account for Residential Tenants.

□ account #94917-62711, Fleet Bank, 100 Federal Street, Boston, MA 02110, entitled New England Realty

Associates Security Deposit Account for Residential Tenants.

You are entitled to interest at the rate of 5% per year, or such lesser amount of interest as has been received from the bank where the deposit has been held.

TENANTS (Signature of all Current and New Tenants):



EXECUTED UNDER SEAL this

day of

, 20

Landlord:

By:

J/propadm/forms2/SUBAGMT.DOC 01/06