Rental Agreement - Nik Ferguson

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This is a legally binding agreement. It is intended to promote household harmony by clarifying the expectations and responsibilities of the Homeowners and Tenant. The Owner shall provide a copy of this signed document to the Tenant, as required by law.

Address of The Home

312 Lamont Rd, Charleston, SC

Parties

Owners

Matthew Murray

Tenant

Nik Ferguson

Start Date

This Agreement is entered on: Apr 21, 2017

The Start Date of this lease is: May 1, 2017

The End Date of this lease is September 30, 2017

Rent

The Rent for the room is $450 per month

Rent is due on the 1st of each month. If the Start Date is after the first, the first months rent is prorated for the remaining time of the month. For the last month of the Tenant’s stay the full amount of rent is due.

Payment of Rent

Tenants shall pay Owner rent in advance on the 1st day of each month. If that day falls on a weekend or legal holiday, the rent is due on the next business day. Rent is payable only by:

  1. Online Payments with Venmo or Wells Fargo.
  2. Check
  3. Cash

Move-In Costs

At the date this Agreement is entered on the Tenant owes the Owner the first month's rent and a security deposit of $300. This Agreement is not valid until these costs are paid to the Owner. The first months rent is non-refundable for any reason, regardless of if Tenant moves in.

Utilities & Monthly Bills due

SCEG, Water, and Internet/Cable utilities are due every month in addition to rent. The total utilities will be divided into shares equaling the total occupants of the House. The Tenant owes one share of utilities each month.

Care and Cleaning

Tenants agree to keep the Home clean and sanitary and maintain its condition, except for ordinary wear and tear. The Owner may enlist a monthly cleaning service at partial expense to the Tenant if he feels that the conditions are unsatisfactory.

Late Payment & Failure to Pay

Payment of Rent or Utilities more than 5 days after the due date will incur a late fee of $5 each day late. For example, if rent is due on the 1st and is paid on the 6th a late fee of $5 is due. Failure to pay rent or Utilities will result in eviction under terms of South Carolina Law.

Guests

The Room shall be occupied only by the Tenant. If you have Guests staying overnight for more than two nights in a row you must ask permission from the other Tenants and Owner. Occupancy by Guests for more than three days in a single stay without Owner’s consent, shall be considered a breach of this Agreement.

Room Alterations

Tenant is free to hang artwork, mirrors, or anything they like to suit themselves. When the Tenant leaves the Home or cancels this Agreement they must repair any holes made in the walls and paint the patches, restoring the walls to their condition upon move-in. If the Tenant leaves any holes in the walls or leaves them painted a color the Owner deems unsuitable the cost of repairing and repainting the room will come from the Tenant’s security deposit.

Security Deposit

Tenants shall pay Owner a security deposit of the amount defined in the Move-In Costs section. Owner may use the security deposit to remedy Tenants’ default in the payment of rent or utilities, repair damages to the Home (except for ordinary wear), to pay for removal of any items left behind after the tenant moves out, to remove foul, offensive, or unfriendly odors left by the Tenant, and to clean the premises if necessary. Owner shall refund Tenants the balance of the security deposit after such deductions within 30 days after the expiration of this Agreement. If deductions have been made, Owner shall provide Tenants with an itemized account of each deduction including the reasons for and the dollar amount of each deduction.

Tenant’s Stuff Left Behind

Tenant shall not leave anything behind when they move out. Anything the Tenant leaves behind shall become property of the Owner. The Owner can and will immediately sell the stuff, donate the stuff, or pay for the removal of the stuff with the Tenants Security Deposit.

Drugs

No illegal drugs.

Smoking

No smoking within the House.

Catastrophic Damage

If the Home is damaged or destroyed so it becomes uninhabitable, then either Owner or Tenants shall have the right to terminate this Agreement immediately, through written notice to the other party given within 15 days of the damage. But, if the damage is caused by the conduct or negligence of Tenants or Tenants’ guests or invitees, only the Owner shall have the right to termination and Tenants shall be responsible for all losses, including, but not limited to, damage and repair costs as well as loss of rental income.

Insurance Disclaimer

Tenants assume full responsibility for all personal property placed, stored or located on or about the premises. Tenants’ personal property is not insured by Owner. Owner recommends that Tenants obtain insurance to protect against risk of loss from harm to Tenants’ personal property. Owner shall not be responsible for any harm to Tenants’ property resulting from fire, theft, burglary, strikes, riots, orders or acts of public authorities, acts of nature or any other circumstance or event beyond Owner’s control.

Hold Harmless

Tenants expressly release Owner from any and all liability for any damages or injury to Tenants, or any other person, or to any property, occurring on the premises unless such damage is the direct result of the negligence or unlawful act of Owner or Owner’s agents.

Lead Based Paint Disclosure

Tenant acknowledge receipt of “Disclosure of Information on Lead-Based Paint or Lead-Based Paint Hazards” from Owner/agent. (Required for homes built before 1978) Available online at:

http://www.epa.gov/region07/citizens/pdf/lead_disclosure_form_rentals.pdf

Tenant acknowledges receipt of the pamphlet Protect Your Family from Lead in Your Home (Required for homes built before 1978). Available online at:

http://www2.epa.gov/lead/protect-your-family-lead-your-home

Subletting

No portion of the premises shall be sublet nor this Agreement assigned without the prior written consent of the Owner. Any attempted subletting or assignment by Tenants shall, at the election of Owner, be an irremediable breach of this Agreement and cause for immediate termination as provided here and by law.

Individual Liability

Each tenant who signs this Agreement, whether or not said person is or remains in the Home, shall be jointly and severally liable for the full performance of each and every obligation of this Agreement.

Definition of Terms

Owner

The Homeowners and Landlords, names are listed in the Parties section.

Tenant

The below signed person who is renting a room from the Owner. Name is listed in the Parties section.

Home

The building and property at the address listed under Address of the Home section.

Apartment

The two bedroom in-law unit with a separate entrance on the lowest floor of the Home

House

The four bedroom two story unit of the Home with a street level entrance

Room

The room in the House the tenant is renting. One of four bedrooms of the home.

Guests

Anyone you invite to the house who isn’t a Tenant or a Owner

Agreement

This contract and any addendums between the Owner and Tenant signed by both parties

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