Lease Agreement
Lease Agreement
Lease Agreement
PAYMENTS. Tenant agrees to pay to Landlord as rent for the Property the
amount of ___________________________
1,470 dollars each month in advance on the 1st day
of each month at _________________________ or at any other address designated by
Landlord. If the Term does not start on the 1st day of the month or end on the last
day of a month, the first and last month’s rent will be prorated accordingly.
SECURITY DEPOSIT. At the signing of this Agreement, Tenant shall deposit with
Landlord, in trust, a security deposit of $_________
735 as security for the performance by
Tenant of the terms under this Agreement and for any damages caused by Tenant,
Tenant’s family, and visitors to the Property during the term of this Agreement. The
Landlord may use part or all of the security deposit to repair any damage to the
Property caused by Tenant, Tenant’s family, and visitors to the Property. However,
the Landlord is not just limited to the security deposit amount and Tenant remains
liable for any balance. Tenant shall not apply or deduct any portion of any security
deposit from the last or any month’s rent. Tenant shall not use or apply any such
security deposit at any time in lieu of payment of rent. If Tenant breaches any terms
or conditions of this Agreement, Tenant shall forfeit any deposit, as permitted by law.
LATE CHARGES. Rent is due on the 1st of each month. If any or all of the rent is not
received by the ____ of the month, $____ per day will be charged as late fees until full
rental payment is received. If rent is not received by the ____ of the month, Tenant
will be considered in breach of the Agreement and eviction proceedings will be
initiated.
INSUFFICIENT FUNDS. Tenant agrees to pay the charge of $____ for each check
given by Tenant to Landlord that is returned to Landlord for a lack of sufficient funds.
USE OF PROPERTY. Tenant shall only use the Property as a residence. The Property
shall not be used to carry on any type of business or trade without the prior written
consent of the Landlord. The Tenant will comply with all laws, rules, ordinances,
statutes, and orders regarding the use of the Property.
OCCUPANTS. Tenant agrees that no more than ____ 3 persons may reside on the
Property without the prior written consent of the Landlord.
CONDITION. The Tenant has inspected the property, the fixtures, the grounds,
building, and improvements and acknowledges that the Property is in good and
acceptable condition and are habitable. If at any time during the term of this
Agreement, in Tenant’s opinion, the conditions change, Tenant shall promptly
provide reasonable notice to Landlord.
ASSIGNMENT. Under this Agreement Tenant ☐ shall ☐ shall not assign or sublease
any share in this Agreement. All sublease arrangements must be made with the
prior written consent of the Landlord, which consent shall not be unreasonably
withheld. Any assignment or sublease without the Landlord’s written prior consent
shall, at Landlord’s option, terminate this Agreement.
HAZARDOUS MATERIALS. Tenant shall not keep on the Property any item of a
dangerous, flammable or explosive nature that might unreasonably increase the
danger of fire or explosion on the Property or that might be considered hazardous or
extra hazardous by any responsible insurance company.
UTILITIES. The Landlord shall provide the following utilities and services to the
Tenant(s): _____________________________________________________________________.
ALL UTILITIES INCLUDED Any
other utilities or services not mentioned will be the responsibility of the Tenant(s).
MAINTENANCE, REPAIR, AND RULES. Tenant will, at Tenant’s sole expense, keep
and maintain the Property in a good, clean and sanitary condition and repair during
the term of this Agreement and any renewal thereof. Tenant shall be responsible to
make all repairs to the Property, fixtures, appliances, and equipment therein that
may have been damaged by Tenant’s misuse, waste or neglect, or that of the
Tenant’s family or visitors. Tenant agrees that no painting will be done on or about
the Property without the prior written consent of Landlord. Tenant shall promptly
notify Landlord of any damage, defect or destruction of the Property or in the event
of the failure of any of the appliances or equipment. The Landlord will use their best
efforts to repair or replace any such damaged or defective areas, appliances or
equipment.
PETS. Tenant shall not keep any pets on the Property without the prior written
consent of the Landlord. If Landlord grants permission to Tenant to keep pets, an
additional security deposit of $____ will be required by the Landlord to keep in trust
for potential damage to the Property caused by Tenant’s pets.
QUIET ENJOYMENT. Upon payment of all the sums referred to herein as being
payable by Tenant and Tenant's performance of all Tenant's agreements contained
herein and Tenant's observance of all rules and regulations, Tenant shall and may
peacefully and quietly have, hold, and enjoy said Property for the term hereof.
INDEMNIFICATION. Landlord shall not be liable for any injury to the tenant, tenant’s
family, guests, or employees or to any person entering the property and shall not be
liable for any damage to the building in which the property is located or to goods or
equipment, or to the structure or equipment of the structure in which the Property
is located, and Tenant hereby agrees to indemnify, defend, and hold Landlord
harmless from any and all claims or assertions of every kind and nature.
DEFAULT. If Landlord breaches this Agreement, Tenant may seek any relief provided
by law. If Tenant fails to comply with any of the material provisions of this
Agreement, other than the covenant to pay rent or of any present rules and
regulations, or any that may be hereafter prescribed by Landlord, or materially fails
to comply with any duties imposed on Tenant by statute, Landlord may terminate
this Agreement ____ days after delivery of written notice by Landlord specifying the
noncompliance and indicating the intention of Landlord to terminate the
Agreement by reason thereof. If Tenant fails to pay rent when due and the default
continues for ____ days thereafter, Landlord may, at Landlord's option, declare the
entire balance of rent payable hereunder to be immediately due and payable and
may exercise any and all rights and remedies available to Landlord at law or in equity
or may immediately terminate this Agreement.
HOLDOVER. In the event, Tenant remains in possession of the Property for any
period after the expiration of the Agreement Term (“Holdover Period”) a new month-
to-month tenancy shall be created subject to the same terms and conditions of this
Agreement at a monthly rental rate of the same in this agreement unless otherwise
agreed by the Parties in writing. Such month-to-month tenancy shall be terminable
on thirty (30) days’ notice by either Party or on longer notice if required by law.
COMPLIANCE WITH LAW. The Tenant(s) agrees that during the term of the
Agreement, to promptly comply with any present and future laws, ordinances,
orders, rules, regulations, and requirements of the Federal, State, County, City, and
Municipal government or any of their departments, bureaus, boards, commissions
and officials thereof with respect to the Property, or the use or occupancy thereof,
whether said compliance shall be ordered or directed to or against the Tenant(s), the
Landlord, or both.
RADON GAS. Radon is a naturally occurring radioactive gas that, when it has
accumulated in a building in sufficient quantities, may present health risks to
persons who are exposed to it over time. Levels of radon that exceed federal and
state guidelines have been found in buildings in Florida. Additional information
regarding radon and radon testing may be obtained from your county health
department.
TRUTH IN RENTING ACT. Michigan law establishes rights and obligations for parties
to rental agreements. This agreement is required to comply with the Truth in
Renting Act. If you have a question about the interpretation or legality of a provision
of this agreement, you may want to seek assistance from a lawyer or other qualified
person.
SEVERABILITY. If any provision of this Agreement or the application thereof shall, for
any reason and to any extent, be invalid or unenforceable, neither the remainder of
this Agreement nor the application of the provision to other persons, entities, or
circumstances shall be affected thereby, but instead shall be enforced to the
maximum extent permitted by law.
BINDING EFFECT. The covenants, obligations, and conditions herein contained shall
be binding on and inure to the benefit of the heirs, legal representatives, and assigns
of the parties hereto.
MODIFICATION. The parties hereby agree that this document contains the entire
agreement between the parties and this Agreement shall not be modified, changed,
altered, or amended in any way except through a written amendment signed by all
of the parties hereto.
NOTICE. Any notice required or permitted under this Agreement or under state law
shall be delivered to Tenant at the Property address, and to Landlord at the following
address:___________________________________________________________________________.
ENTIRE AGREEMENT. This constitutes the entire Agreement between the Parties
and supersedes any prior understanding or representation of any kind preceding the
date of this Agreement. There are no other promises, conditions, understandings or
other agreements, whether oral or written, relating to the subject matter of this
Agreement. This Agreement may be modified in writing and must be signed by
both Landlord and Tenant.
IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed in
multiple originals as of the undersigned date(s).