|
|
LEASE
ARTICLE OF AGREEMENT this _____ day of __________ 2005,
by and between _______________________ of____________________________________,
hereinafter referred to as the "LANDLORD",
A
N
D
_________________________ of__________________________,
and ______________________of _____________________________, hereinafter referred to as the "TENANTS".
WHEREAS, the Landlord is the owner of certain
premises situated at________________________, Borough/Township of
_____________, County of __________________ and Commonwealth of Pennsylvania,
hereinafter referred to as the "Leasehold Premises"; and
WHEREAS,
the Tenants desire to rent and lease the Leasehold Premises from the Landlord
and the Landlord has agreed to lease the same to the Tenants upon the following
terms and conditions.
NOW, THEREFORE, the parties hereto, intending to be
legally bound hereby, do covenant and agree as follows:
1. In
consideration of the rents and covenants of the Tenants to be paid and kept as
herein contained, the Landlord has agreed to lease unto the Tenants, and by
these presents does hereby lease the Leasehold Premises unto the Tenants and
the Tenants hereby lease the Leasehold Premises from the Landlord.
2. The term of
this lease shall extend from _______________, 200__ to and through
_______________, 200__, during which time, the Tenants occupying the
Leasehold Premises under lease from the Landlord, shall be entitled to the use
and occupancy of the Leasehold Premises.
3. The rent
reserved by the Landlord for the Leasehold Premises for the term herein
provided shall be ____________________________ ($______.00) Dollars, which the
Tenants hereby covenant and agree to pay to the Landlord, for the use and
occupancy of the Leasehold Premises, payable in installments of _________________
and No/100 ($_____.00) Dollars each month during the term of this lease,
payable in advance on or before the first day of each month, with a credit to
the tenants of ______________________ ($______.00) Dollars against the final
month’s rent (the month of ______ 200__) as a result of the tenants’ prior
deposit with the Landlord of the final month’s rent for the preceding lease
year which the tenants elect to pay directly to the Landlord on or before
__________, 200__.
4. The Tenants
shall further pay to the Landlord, prior to occupancy of the Leasehold
Premises, a security deposit in the sum of _____________________________
($_____.00) Dollars, the receipt of which is hereby acknowledged as having been
heretofore deposited with the Landlord in conjunction with the Lease of
_____________, 200__, to be held as security for any damages to the Leasehold
Premises, or as payment, in whole or in part, for any costs or expenses
incurred by the Landlord resulting from the failure of Tenants to surrender the
premises in the condition described in Paragraph 9 herein. Unless withheld by the Landlord, in whole or
in part, by reason of any damage to the Leasehold Premises, the security
deposit shall be returned to the Tenants within thirty (30) days after the
termination of this lease, provided that the Tenants have delivered to the
Landlord a forwarding address, in writing, at or prior to the date the Tenants
shall surrender the Leasehold Premises to the Landlord.
5. During the
term of this lease the Landlord will assume payment for the water bill and
garbage collection. The Tenants shall
be responsible for all other utilities, including gas, electric, telephone,
cable and any service fees required for the installation of these utilities.
6. The Landlord
will provide garbage containers. A
recycling container is also provided the Tenants for glass and aluminum
cans. It will be the Tenants' responsibility
to place garbage containers and recycling container at the curb for pick up on
Monday evenings and to return the recycling container to its appropriate place
no later than Tuesday evening. The
Tenants agree to keep and maintain the Leasehold Premises, parking lot and
surrounding area in a clean and sanitary condition at all times, free of all
garbage and debris. All garbage and
similar debris shall be deposited by the Tenants in facilities provided by the
Landlord for garbage collection. The
Tenants shall comply with all municipal regulations imposed by the Borough/Township
of _____________ relating to the collection of garbage and similar debris.
7. During the
term of this lease, the Landlord shall provide for the necessary repairs and
maintenance of the Leasehold Premises.
The Tenants shall not provide, nor arrange for any repair or maintenance
of the Leasehold Premises, and the Landlord shall not be responsible or liable
to the Tenants, or to any other person, for the costs of any repair or
maintenance provided or arranged by the Tenants. The Tenants shall promptly notify the
Landlord of the need for any repair or maintenance to the Leasehold Premises.
8. The Tenants
hereby covenant and agree to use and occupy the Leasehold Premises for
residential purposes only and for no other purpose. There will be no pets allowed on the premises,
except as allowed by Landlord.
9. The Tenants
hereby agree to keep and maintain the Leasehold Premises in as good repair and
condition as that now existing and at the expiration of this lease to surrender
the Leasehold Premises in like repair and condition, natural wear and tear
excepted.
10. No loud
music may be played at any time, and the Tenants shall conduct themselves in a
quiet manner at all times.
11. The
Tenants hereby agree to observe all reasonable rules and regulations imposed by
the Landlord for the use and occupancy of the Leasehold Premises, and parking
on facilities to be provided by the Landlord, and such rules and regulations
shall be deemed to be conditions and covenants of this lease. The Landlord shall provide parking space for
one (1) motor vehicle in the parking lot at a space to be designated by the
Landlord. Any rules or regulations
established by the Landlord relating to parking shall be strictly observed by
the Tenants and may be subject to change at the Landlord’s discretion.
12. This
lease, and the use and occupancy of the Leasehold Premises, may not be
assigned, transferred or sublet, without the express written consent of the
Landlord which will not be unreasonably withheld.
13. The
Landlord, and/or the agents of the Landlord, may at any and all times during
the term of this lease, enter into the Leasehold Premises for the purpose of
inspection and/or repair, and for purposes of exhibiting the Leasehold Premises
to prospective tenants, upon prior notice to the Tenants, except in the case of
an emergency.
14. The
Tenants hereby waive the usual notice to quit, and agree to surrender the
Leasehold Premises at the expiration of the foregoing term, or the termination
of this lease, without any notice whatsoever.
15. This
agreement contains the entire agreement and understanding of the parties hereto
with respect to the subject matter hereof and supersedes all prior and
contemporaneous agreements. This
agreement may not be modified, cancelled or otherwise amended unless in
writing, duly executed by the parties hereto.
16. This
agreement shall be binding on and shall inure to the benefit of the parties
hereto, their respective heirs, successors, personal representatives and
assigns.
17. This Lease
may be signed in one or more counterparts, and all such counterparts shall form
but one integrated agreement. This Lease
may be executed by facsimile signatures.
18. The
obligations of the Tenants herein shall be joint and several.
WITNESSES: LANDLORD:
_________________________ ______________________________
TENANTS:
__________________________ _______________________________
__________________________ _______________________________
Home • Courses • Contact Us • Income Properties For Sale • Links • Advertise • Affiliate Program
Copyright © 2001 - 2005, Buy Income Properties, Inc. All Rights Reserved. Privacy Policy in Observance.