Rental Street Address
Rental City, STATE Zip
Lease Lease Start Date to Lease End Date
LEASE dated Today's Date, between:
Landlord / Property Management Company's Name of Landlord / Property Management Company's Address (hereinafter called the LANDLORD), and:
1. Tenant 1 Name (name) of
Tenant 1 Current Address (address)
2. Tenant 2 Name of
Tenant 2 Current Address
3. Tenant 3 Name of
Tenant 3 Current Address
4. Tenant 4 Name of
Tenant 4 Current Address
5. Tenant 5 Name of
Tenant 5 Current Address
6. Tenant 6 Name of
Tenant 6 Current Address
(hereinafter called the TENANTS).
WHEREAS, LANDLORD owns the residence and real estate situated at Rental Street Address. Rental City, STATE Zip (hereinafter called the PREMISES); and
WHEREAS, TENANTS are desirous of leasing said property from LANDLORD;
1.1 DEMISE, TERM AND RENT:
The LANDLORD leases to the TENANTS the premises situated at Rental Street Address. Rental City, STATE Zip. TENANTS shall use the premises for residential purposes only.
1.2 The term of this Lease shall be for a period beginning Lease Start Date and ending at 11:59 p.m. Lease End Date.
1.3 The TENANTS shall pay a monthly rental in the sum of $Monthly Rent Amount + $50 Late Payment Fee. (1/X of the total is due by EACH of the tenants, whereas X is the number of tenants.) $50 Late Payment Fee will be waived if month's rent paid in full prior to the 6th of the month.
1.4 The TENANTS will also pay over to the LANDLORD upon the execution of this lease the sum of $Security Deposit. (1/X of the total is due by EACH of the tenants, whereas X is the number of tenants.) Said sum shall be held by the LANDLORD during the term of this lease as a SECURITY DEPOSIT, for faithful and punctual performance by the TENANTS of all lawful covenants and conditions of this lease. It is understood that this security deposit may be applied to damages caused by or due from the TENANTS. The LANDLORD will return the security deposit less the amount applied to damages or outstanding utility bills and make a full accounting to the TENANTS for all damages applied within sixty (60) days of the end of the lease. It is further understood that the security deposit is not to be considered prepaid rent, nor shall damages be limited to the amount of this security deposit. The full payment is due upon signing and activation of the lease.
1.5 The TENANTS will also pay over to the LANDLORD upon the execution of this lease the sum of $Monthly Rent Amount for the 1st month's rent. (1/X of the total is due by EACH of the tenants, whereas X is the number of tenants.) Said sum shall be held by the LANDLORD during the term of this lease as the 1ST MONTH'S RENT, for faithful and punctual performance by the TENANTS of all lawful covenants and conditions of this lease. The full payment is due upon signing and activation of the lease.
1.6 The premises are rented “as promised:”
All appliances and utilities, including internet (with activation), plumbing, heating and electricity are working. All issues or complaints are to be reported in writing (email), to which a response and action plan for resolution will be provided. Emergencies are to be reported by phone immediately.
2.1 ALTERATIONS AND REPAIRS:
No alterations or additions shall at any time be made by TENANTS without LANDLORD’S prior written consent. If LANDLORD shall give his consent, all work, repairs and alterations made by TENANTS shall be done in a good and workmanlike manner and shall be paid by TENANTS. Any alterations, installations, additions or improvements, shall become the property of LANDLORD and shall remain upon and be surrendered with the demised Premises as part thereof at the expiration or sooner termination of the term hereof.
3.1 LANDLORD’S INSURANCE:
During the term, LANDLORD shall maintain with respect to the Premises fire and extended coverage insurance, liability insurance for bodily injury, death and property damage.
4.1 TENANTS’ INSURANCE:
TENANTS agree that LANDLORD shall not be responsible for any damage or loss to TENANTS’ health, person or property or that of any of TENANTS’ family residing at the premises from any cause whatsoever not covered by TENANTS’ or LANDLORD’S insurance. TENANTS shall obtain their own tenants’ insurance to insure their personal property.
5.1 FIRE DAMAGE:
If the demised property is damaged by fire, LANDLORD shall promptly repair same. Rent shall be abated during any period during which TENANTS are not able to occupy the premises. In the event the premises are damaged by fire or other casualty in the amount of 5% or more of the value of the property, LANDLORD may elect not to repair said damage and the responsibilities of the parties under this lease shall terminate.
6.1 ACCESS TO THE PREMISES:
LANDLORD or his agents shall have the right to enter into and upon the Premises at all reasonable hours, and after reasonable notice to TENANTS for the purpose of (I) examining the same or (ii) making improvements or repairs to the Premises as may be necessary for the safety and preservation thereof; or (iii) showing said property to prospective purchasers or lessees. Reasonable notice includes 24hr notice for maintenance and a phone call for immediate safety concerns.
7.1 UTILITIES: PROPERTY CARE:
LANDLORD will hold all utilities in business name with regard to the property.
LANDLORD will pay all utilities: gas, electric, water, standard trash pickup, and recycling pickup. These are to be within 20% of the 5 year average occupied consumption rate over the same billing period.
TENANTS agree to pay LANDLORD $50 per month for each Air Conditioner installed and activated. Window units are not to be installed, only standing mobile units.
In the event that utilities exceed the 1 year average consumption rate, EACH of the TENANTS agrees to pay LANDLORD for 1/X of the utilities over the 1 year average consumption rate, whereas X is the number of tenants. LANDLORD agrees to provide TENANTS with a copy of said utility invoices.
Other utilities such as telephone, cable, and internet will be activated in the name of the tenants, to be canceled before or when the premises are vacated, by the tenants.
TENANTS are responsible for taking trash/recycling out to the street. Any non-routine trash/recycling pickup is to be covered by TENANTS. TENANTS shall be responsible for snow removal.
Any commercial or personal activities utilizing significant utilities i.e. (computation servers, manufacturing equipment, etc.) are strictly prohibited unless confirmed in writing with LANDLORD to verify proper utility consumption rate coverage.
The said TENANTS shall pay the rent for the premises as hereinbefore described, and shall take good care of the premises fixtures, and shall in no way damage or allow any damage to be committed to the premises hereby leased, nor commit any waste, and shall deliver up said premises at the termination of the tenancy in as good condition as they were received, ordinary wear and tear being allowed for and make good any damage, injury or breakage committed by the TENANTS or by any agent, servants or visitors; and shall replace at the expense of said TENANTS’ lost keys and any glass which shall be injured or damaged by the TENANTS with the same quality and dimensions of glass as damaged; and shall not permit any additional lock or fastening on any door without written consent of the LANDLORD; and in the event that any alterations, additions or improvements have been made with the consent of the LANDLORD, they shall become the property of the LANDLORD and shall remain as a part of the premises, and the TENANTS shall not disturb or injure them.
8.2 The parties agree that LANDLORD shall be responsible for any structural repairs necessary to the premises and that TENANTS shall be responsible for all other repairs not covered by LANDLORD’S insurance. As used in the foregoing sentence, “structural repairs” shall mean all repairs (other than cosmetic) to the roof, foundation and exterior load-bearing walls (exclusive of doors, windows, and glass).
8.3 Prior to vacating premises TENANTS shall ensure that the premises are cleaned, broom swept, mopped and dusted. There will be a $5 PER ITEM CHARGE for all items left behind by the tenants, to be enumerated in cleaning fees removed from Security Deposit. TENANTS shall return premises to original condition upon TENANT’S entry onto premises (excluding improvements or renovation by LANDLORD).
9.1 ASSIGNMENT AND SUBLETTING:
TENANTS shall notify LANDLORD in writing (email) should any TENANT(S) desire to sublet the apartment and TENANTS shall obtain written approval from LANDLORD. The original leasee and TENANT is responsible for all terms of the lease if the sublettor does not meet them. The sublet agreement must be within the terms of the lease. The TENANT and sublettor are responsible for their agreement independent of this lease. All other TENANT(S) must approve of the sublettor.
10.1 RESTRICTIONS ON PETS, USE:
No pets may be kept on the leased premises. Unauthorized pets / visiting animals will constitute a forfeiture of the security deposit.
11.1 RESTRICTIONS ON SMOKING:
No smoking shall be allowed indoors on the leased premises.
The failure on the part of the LANDLORD to act upon a breach of any of the covenants or agreements in this Lease shall in no way constitute a waiver of the rights of LANDLORD to act upon such breach at any time in the future or to act upon any other or future breach of TENANTS. Any and all rights and remedies created for LANDLORDS herein shall be cumulative and the use of one remedy shall not be taken to exclude the right to use any other.
If any provision of this Lease shall be deemed invalid or unenforceable, the balance of this Lease shall remain in effect, and if any provision is deemed inapplicable to any person or circumstances, it shall nevertheless be construed to apply to all other persons and circumstances.
14.1 LEGAL PROCESS:
In the event it is necessary for LANDLORD to resort to any legal process to secure possession of the premises from TENANTS or to collect any amounts due, TENANTS agree to pay all costs, including all reasonable attorneys fees, relative to said action.
15.1 PAYMENT OF RENT:
Rent shall be paid and any notices given to LANDLORD at:
Landlord / Property Management Company's Name
Landlord / Property Management Company's Address
--- or at such address or medium as LANDLORD shall designate as the current process (ePayments).
If a TENANT desires to terminate the lease early, they are required to pay the remaining balance of this lease.
If a TENANT introduces the LANDLORD to tenants that sign a lease, either before or after this lease, and the referred tenants have not already contacted the LANDLORD independently, the LANDLORD will compensate the referring TENANT $100.
This Lease will be subject and subordinate to any first and second mortgage hereafter placed upon the premises to any bank, insurance company or institutional lender of the like character (herein “Institutional First Mortgage” or “Institutional Second Mortgage”, as the case may be).
Signed on Today's Date.
Landlord / Property Management Company's Name
Tenant 1 Name
Tenant 2 Name
Tenant 3 Name
Tenant 4 Name
Tenant 5 Name
Tenant 6 Name