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| Rental Contract |
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Rental Contract Terms and Conditions
1. (a) Tenant(s) understand that this is a month to month contract and that rent is due on the of each month. Rent is payable in advance, in cash, and is late from the day after it becomes due until and including the day it is brought current. Checks, if accepted, must be payable to the Apartment name. Any change of due date will require prior approval by management. In addition, landlord and tenant must sign a written addendum as to the modified due date, which will be attached. (b) Should Tenant fail to pay, in full, any monthly rent by the day it is due Tenant shall pay FOUR DOLLARS ($4.00) additional rent for each day payment is past due. Said additional rent shall not exceed TEN PERCENT (10%) of monthly rental, for any one month. 2. (a) The parties agree that it is now impractical and extremely difficult to fix the actual damages the Owner/Management sustains if Tenant(s) tenders a check which is uncollectible. Therefore, it is agreed that as reasonable liquidated damages, and not as penalty, Tenant(s) will pay TWENTY-FIVE DOLLARS ($25.00) for each check returned as uncollectible for any reason whatsoever. In addition, the tendering of an uncollectible check shall be deemed non-payment of rent and additional rent as enumerated in Clause 1 (b) shall apply. As a result, all future rent payments must be made by money order, cashier's check or cash only. (b) A charge of TEN DOLLARS ($10.00) shall be paid by Tenant for a request, made after complex hours, of manager to open Tenant's apartment door due to loss or unavailability of Tenant's keys. (c) Keys and parking permits requiring replacement due to loss on the Tenant's part, or NOT RETURNED ON THE DAY THE UNIT IS VACATED, will result in a TWENTY-FIVE ($25.00) per item for parking permits, SIXTY-FIVE ($65.00) for keys, replacement charge. 3. (a) Tenant(s) her~by acknowledge that the Owner/Management shall require a showing that the monthly rental of the unit is not greater than 35% of the combined monthly gross income of the Tenant(s) intending to occupy the unit. (b) Any change in the number or identity of the Tenants in the unit requires prior written approval by management and a reevalua- tion of the Tenants' ability to meet the income requirements. Changes in the tenants may not be approved by Owner/Management if income requirements are not met. Failure to meet income requirements at any time will result in termination of your tenancy. (c) Pets require prior written approval by the management and payment of an additional security deposit. 4. (a) The premises shall only be used as a residence by the Tenant(s). Maximum tenant occupancy for the units is as follows: ONE BEDROOM-TWO PERSONS; TWO-BEDROOM-FOUR PERSONS; THREE BEDROOM-SIX PERSONS. Occupancy by guest stay- ing over three (3) days within a consecutive 30 day period without written approval of the Owner will be considered to be a violation of this agreement. (b) Tenant(s) shall not assign or sublet the unit, or any portion thereof. (c) Tenant(s) shall pay for all utilities and/or services supplied to the premises, except for water and refuse service, or gas, where app!icable. 5. This contract, and the tenancy hereby granted, may be terminated at any time by either party giving to the other not less than THIRTY (30) day's prior written notice before the expiration of the term. 6. Tenant(s) acknowledge that they have examined the premises, and have found them to be in good, safe and clean condition and repair, except as otherwise noted on the "Inventory and Condition Report", a copy of which tenants hereby acknowledge receipt of, and which is hereby deemed to be.incorporated into this agreement by this reference. Tenant(s) agree to keep the premises in clean, good order and repair, and upon termination of the tenancy, to return the premises in a condition identical to that which existed when tenants took occupancy, except for ordinary wear and tear. The Tenant(s) also agree to immediately notify manager in writing of any defects or dangerous conditions in and about the premises of which they may become aware. 7. (a) Tenant(s) accept liability for, and holds the Owner/Management harmless from any kind of damage to or loss of the Tenant's possessions, or injury to licensees or invitees of Tenant(s) except where the Owner's/Management's negligence causes the damage. The Tenant(s) agrees to pay on request for all damages and/or mysterious breakage occurring in the unit during the tenancy, except where the Owner/Management is at fault. Each Tenant agrees that he will either self-insure or obtain his own insurance for such dam- age or loss. (initials) (b) In addition, the Tenant(s) agree to show proof of continual waterbed insurance when any liquid furniture is present in said unit and will be held responsible for all costs due to any damage they may cause. 8. Tenant(s) acknowledge receipt of, and have read a copy of the Apartment Rules, which are hereby incorporated into this agree- ment by this reference. Owner may terminate this agreement, as provided by law, if any of these Apartment Rules are violated. 9. Tenant(s), or invitees of tenants, shall not violate any law or ordinance, commit waste or nuisance, or annoy, disturb, inconve- nience, or interfere with any other tenant, in the use of the premises. 10. It is expressly understood that all obligors hereby are joint and several. In the event of default by anyone signatory each and every remaining signatory shall be responsible for timely payments and all other provisions of this contract.
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