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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 FEE. If rent is not paid by the due date outlined in this lease, a late fee of 8%
will be assessed to the balance due after a 3-day grace period. If payment is received
before the grace period expires, there is no late fee owed.
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 ____ 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.
RIGHT OF ENTRY. Tenant agrees to make the Property available to Landlord or
Landlord’s agents for the purposes of inspection, making repairs or improvements,
or to supply agreed services or show the property to prospective buyers or tenants,
or in case of emergency. Except in case of emergency, Landlord shall give Tenant
____ hours notice of intent to enter. Tenant shall not, without Landlord’s prior written
consent, add, alter or re-key any locks to the Property. At all times Landlord shall be
provided with a key or keys capable of unlocking all such locks and gaining entry.