Originality: Leasehold Estate and Premises Essay

Submitted By needinfonow23
Words: 4187
Pages: 17

APARTMENT LEASE
This lease made as of ____________________, between the “Landlord” and the “Tenant.”
Landlord: Tenant:

1. Lease. The Landlord leases to the Tenant Apartment No. ____________ (the “Premises”) at ____________ (the “Building”) for a term beginning on ____________ and ending on ____________ (the “Term”). Any occupancy of the Premises by the Tenant shall be subject to the present tenant vacating the Premises. 2. Rent. The Tenant shall pay to the Landlord rent (the “Rent”) during the Term in the amount of ____________ per month, in advance, on the first day each and every month commencing ____________. The Rent shall be paid at the Landlord’s office or at such other place as the Landlord may, from time to time, direct. The Tenant shall also pay to the Landlord as Rent a further sum of ___________ representing prorated Rent for the period from ____________ to _____________. 3. Rental Deposit. The Tenant agrees to pay to the Landlord, upon signing of this lease, the sum of $_______ as prepaid rent to be applied toward the last month’s rent of the Term. 4. Utilities. The Tenant agrees to pay all costs for the supply of utilities to the Premises including electricity, gas, hot water heater, telephone and cable television, and to pay any deposits required by the suppliers of any such utilities. 5. Parking. The Tenant shall have the right to park one automobile in the parking lot outside the Building. 6. Use and Occupancy of Premises. The Tenant agrees to use the Premises for residential purposes only and for no other purpose and not to allow the Premises to be occupied or otherwise used by anyone other than the Tenant and the following persons listed below: Name Age Relationship

7. Overdue Rent and Returned Checks. The Tenant agrees to pay to the Landlord interest on overdue Rent payments at the rate of 15% per annum, compounded monthly. The Tenant also agrees to pay to the Landlord a service charge of $_______ for each check tendered to the Landlord that is not honored.

8. Assignment and Subletting. The Tenant shall not assign this Lease or sublet the Premises without the prior written consent of the Landlord, which consent shall not be arbitrarily or unreasonably withheld. The Landlord shall be entitled to reimbursement by the Tenant for any reasonable expenses incurred in connection with the granting of any such consent. 9. Care of Premises. The Landlord covenants to provide and maintain the Premises in a good state of repair and fit for habitation, and the Tenant agrees to keep the Premises in a reasonable state of cleanliness, to assume all responsibilities for the repair of damages caused by his willful or negligent conduct, or that of persons who are permitted on the Premises by him; and the Tenant further agrees not to make, or carry out any alterations or to decorate, without first obtaining the Landlord’s approval in writing. 10. Property Taxes. All real property taxes as assessed against the Landlord with respect to the Premises shall be payable by him, provided that the Tenant, at his option, may change the assessment for school purposes, and the Tenant agrees to pay any increased costs resulting therefrom. 11. Entry by Landlord. The Landlord may enter the Premises and view the state of repair, and shall be entitled to make such repairs and alterations as are required and/or necessary; provided that such entry shall only be made in accordance with the terms and conditions of the law prevailing in location of the Premises. 12. Representations and Warranties. The Tenant agrees that there was no promise, representation, undertaking or warranty by or binding upon the Landlord with respect to any alteration, remodeling or decorating of or installation of equipment or fixtures in the premises except such, if any, as is expressly set forth in this lease. 13. Rules and Regulations. The Tenant agrees to observe and comply with the Rules and Regulations in Schedule “A”, attached hereto, with such