RESIDENTIAL LEASE

 

       This is a residential lease.  It is a legally binding contract between the Landlord and the Tenant.  Each Tenant should read this lease carefully. 

 

                This residential lease contains waivers of your rights as a Tenant.  Each Tenant should not sign this lease until each Tenant understands all of the agreements in this lease.

 

1.             Names of Landlord(s) and Tenant(s):

 

                Name of the Landlord(s):    Mr. Thomas King

                               

                Name(s) of Tenant(s):                         ________________________________

                                                                                ________________________________

                                                                                ________________________________

                                                                                ________________________________

2.             Leased Premises

 

                The Lease Premises is the residence that the Landlord agrees to lease to the Tenant.  The address of the leased premises is:

 

                Street:                     ___________Larch Drive

                                                City:                        Shippensburg, PA 17257

 

3.             Start Date and Ending Date of this Lease Agreement:

 

                                                Start Date:             June 1, 2009           12:00 PM

                                                End Date:               May 25,2010          12:00 PM

4.             RENT

 

Monthly Rent is due to be paid if full and received by the Landlord on or before the third day (3^rd) of each month:

 

One month’s rent for up to and including three (3) tenants is:  $900.00 per month.

 

Tenant(s) agree to pay the monthly rent in advance on or before the third day (3^rd) of each month.  Landlord does not have to ask (MAKE DEMAND UPON) Tenant to pay the rent.  Tenant agrees to pay rent by first class mail postage prepaid or in person to the Landlord at the place specified by the Landlord.  Tenant(s) agree to pay full rent amount with one check.

 

Tenant(s) agree to pay a late charge of $10.00 per day if Tenant(s) does not pay the full monthly rent on or before the third day (3^rd) of the month.  If the Tenant mails the rent to the Landlord, the date of payment will be the postmark date.  The late fee begins the fourth day of the month.

 

If there are outstanding balances on your account and the balance is not paid before the next rental payment is due, the outstanding balance will be deducted from the Tenant’s rent payment and the Tenant’s rent will be considered late.  Tenant’s late charges will accrue retroactive to the fourth day of the first month when rent was not paid.  

 

If the Tenant requests a receipt by mail, the Tenant must supply a self-addressed, stamped envelope to the Landlord.

 

5.             SECURITY DEPOSIT

 

The Tenant agrees to pay a security deposit of:            $900.00

The Tenant agrees to pay the security deposit to the Landlord before the lease starts and before the Landlord gives possession of the leased premises to the Tenant.

 

The Landlord will take money from the security deposit to pay for any damages caused by the Tenant, the Tenant’s family and/or the Tenant’s guests/visitors.  The Landlord will take the security deposit to pay for any unpaid rents.  The Landlord will take money from the security deposit to pay for professional cleaning upon the tenant vacating the premises.

 

After taking out for damages and unpaid rents, the Landlord agrees to send to the Tenant any securities deposit money remaining.  The Landlord will send the remaining security deposit money to the Tenant no later than thirty (30) days after the lease ends and the Tenant has vacated the premises.  The Landlord also agrees to send the Tenant a written list of damages (if any) and a list of the corresponding monetary amounts taken from the security deposit to repair damages and/or take payment of rents.

 

The Tenant agrees to give the Landlord in writing, a forwarding address at the time the lease ends and the Tenant leaves the premises.

 

The Tenant may not use the security deposit as payment of the last month’s rent.

 

Tenants agree to the following move-out procedures:

 

1.                    Tenant agrees to give the Landlord a self-addressed, stamped envelope with a written forwarding address when the Tenant leaves and the lease ends.  Failure of the tenant to provide the landlord with a new address shall relieve the Landlord of any responsibility to return the security deposit.  An administrative charge equal to 15% of all security deposit charges will be made upon returning the security deposit.

2.                    All keys must be returned to the Landlord upon the lease termination date and time.  Keys may be left on the kitchen counter top or returned to the Landlord as specified in his correspondence/writing to the tenant.

3.                    All floors must be cleaned and free of spots.

4.                    The Landlord will have carpets, floors professionally cleaned at the end of the lease and the cost of cleaning will be deducted from the Tenant’s Security Deposits.

5.                    The stove, under the stove top, oven, refrigerator, exhaust fan, sinks, windows and baths must be thoroughly cleaned.

6.                    The refrigerator must be defrosted and set to the lowest setting.

7.                    All light fixtures, doors, and cupboards must be emptied and cleaned.

8.                    All light bulbs, smoke detectors and fire extinguishers must be in working order.

9.                    All inside windows must be washed.

10.                 All drapes must be dry cleaned and hung prior to the Landlord’s inspection.

11.                 All personal effects, food and trash must be removed from the premises as of the end of the lease.

12.                 All damages above excessive wear and tear will be charged to Tenant’s Security Deposit. 

13.                 Failure to follow any of the lease specifications will result in corresponding deductions from the Security Deposit(s).

14.                All utility bills must remain in your name, including electric bills, gas bills, etc…,from the start date of the lease until the Tenants’ lease expiration date.  At no times during the lease should any utilities be disconnected.  Electric cannot be disconnected or put into another name at any time prior to the date the lease expires.  If, during the time of Tenant’s lease agreement, utilities are taken out of your name, a $100 charge will be assessed.