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RESIDENTIAL TOWN HOUSE RENTAL AGREEMENT
THIS TOWN HOUSE RENTAL AGREEMENT (hereinafter "Agreement") is entered into, this September 30, 2005 by and between:
The Lessor:
John Doe of 211 Main Street
Indianapolis, Indiana
43000
(Hereinafter "Landlord")
and the Lessee:
John Smith of
332a 72 Av.
Indianapolis, Indiana
21000
(Hereinafter "Tenant")
In regards to the Property:
2020 Capitol
Indianapolis, Indiana
90000
(Hereinafter "Town House")
The Landlord and Tenant do hereby agree to abide by the terms set out in this Agreement. The terms of this Agreement are as follows:- THE TOWN HOUSE
In consideration of the rent payment to be paid by Tenant and of the other covenants and agreements herein contained, the Landlord rents to Tenant the Town House.
Tenant shall use the Town House only for residential purposes. Tenant shall not use or allow the use of the Town House in any way that interferes with other tenants' use and enjoyment of the Town House or neighboring property. Tenant shall not use the Town House for any illegal or improper use. Additionally, the Tenant shall comply with all Zoning Ordinances, Protective Covenants and Deed Restrictions.
The Tenant agrees that the Town House shall be a smoking environment. The Tenant agrees shall be liable for any damage caused as a result of smoking.
Any Tenant entering into this Agreement shall be at least 21 years of age. Any guests of any Tenant that is under this age shall be accompanied by an adult over the age of 21 at all times.
The Tenant agrees that no pets of any kind shall be allowed in the Town House. Failure to abide by this paragraph will result in immediate eviction without prior notice and forfeiture of all prepaid rent and deposits.
The Town House includes 2 bedrooms; 1 bathroom.
Parking is not available with the Town House.
- PAYMENT SCHEDULE AND DETAILS
The Tenant agrees to pay a Bi-Weekly rate of Five Hundred dollars ($500 USD).
Payment shall be made in the form of Electronic Deposit, on or before: first Monday each Monday during the entire length of this Agreement. Payments shall be made at: 211 Main Street, Indianapolis Indiana, 43000, or at such other place as the Landlord and Tenant agree upon.
Should a Tenant's payment be returned for insufficient funds, the Tenant shall be liable to the Landlord for $65 as a penalty.
Should a Tenant's payment be 3 days late, the Tenant shall be liable to the Landlord for $10% a day as a penalty.
The Tenant agrees to deliver a Security Deposit to the Landlord in the amount of $500 (Hereinafter "Deposit"). The Deposit will be returned to the Tenant at the end of this Agreement, less deductions.
The Tenant is not entitled to interest on the Deposit.
The parties acknowledge that the Landlord will be permitted to deduct from the Deposit any amounts for reasonable cleaning and repair of damages to the Town House at the end of this Agreement. Ordinary wear and tear is excepted.
The Deposit may not be used by either party for any payment due under this Agreement.
If the Landlord sells or assigns the Town House, the Landlord shall have the right to transfer the Tenant Deposit to the new owner or assignee to hold under this Lease and upon doing so the Landlord shall be released from all liability to Tenant for return of said Deposit.
- LENGTH OF AGREEMENT
This Agreement shall begin May 1, 2005. Unless terminated, this Agreement shall be automatically renewed Monthly. Either party may terminate this Agreement by giving written notice to the other at least 10 days prior to the end of the calendar month.
- TERMINATION
After expiration of the leasing period, this agreement is automatically renewed from month to month, but may be terminated by either party giving to the other a 30-day written notice of intention to terminate. Where laws require "just cause", such just cause shall be so stated on said notice. The premises shall be considered vacated only after all areas including storage areas are clear of all Tenant belongings, and keys and other property furnished for Tenant use are returned to Landlord. Should the Tenant hold over beyond the termination date or fail to vacate all possessions on or before the termination date, Tenant shall be liable for additional rent and damages which may include damages due to Landlord loss of prospective new renters.
- DEFAULT
If Tenant fails to fulfill or perform any obligation under this Agreement, Tenant shall be in default of this Lease. Tenant shall receive 4 days' notice by Landlord to cure the default (ie. Non-payment of rent). In the event Tenant does not cure a default, Landlord may at Landlord option cure such default and the cost will be added to Tenant financial obligations under this lease, or declare Tenant in default of the Agreement. Landlord may re-enter the premises and re-take possession of the Town House in the event of default. After default, Tenant may be held liable for the balance of the unpaid rent under this Agreement if Landlord cannot re-let the Town House during the remaining term of this Agreement.
- TENANT RESPONSIBILITIES
The Tenant agrees to accept responsibility for the following:
- Maintaining the lawn, including mowing, watering, weeding and other reasonable maintenance as needed.
- Removal of snow in a timely fashion.
- Clean all broken glass
The Tenant shall comply with all obligations imposed upon tenants by applicable provisions of building, housing, and health codes; maintain the Town House in good condition during the entire length of this Agreement and shall neither cause nor allow any abuse of the facilities therein.
The Tenant shall inform the Landlord of any condition that may cause damage to the Town House. If the Town House, or any part of the Town House, is partially damaged by fire or other casualty not due to the negligence or willful act of the Tenant or an agent of the Tenant, the Town House will be immediately repaired by the Landlord and there will be an abatement of rent corresponding with the time during which the Town House was untreatable.
Upon the termination or expiration of this Agreement the Tenant shall redeliver the property, amenities, furniture, appliances and any other applicable aspects of the Town House, in as good condition as at the commencement of the Agreement or as may be put in during the Agreement. Reasonable wear and tear from use and obsolescence to the Town House shall be accepted. Furthermore, the Landlord retains a Landlords Lien on all personal property placed upon the premises to secure the payment of rent and any damages to the Town House.
- UTILITIES
The rental payments include the following utilities:
- AMENITIES
The Town House includes use of the following amenities:- Central Vacuum System
- Swimming Pool
- Rent to Own
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