Sample Lease Agreement

 

LEASE AGREEMENT

 

††††††††††††††††††††††††††††† This Agreement establishes a fixed-term lease.By signing this Agreement, the owner of the leased property leases it to the Tenant on the terms stated below and the Tenant accepts those terms and agrees to the obligations set forth in this Agreement.This Agreement is made between ATOMS PROPERTY MANAGEMENT, INC. as a Transaction Broker (called the "Landlord"), and (Tenant names here) (called the "Tenant").

 

†††††††††††††† The following particulars are acknowledged and agreed to by the Landlord and Tenant:

 

1. †††††††††† PROPERTY LEASED OR RENTED:The "leased property" consists of a Multi-family residence located at 1817 10th Ave apartment 8, Greeley, Colorado80631.

 

2. †††††††††† TERM:This Agreement establishes a lease with a fixed term commencing on June 1, 2006 and ending on May 31, 2007.

 

3. †††††††††† RENT:The Tenant agrees to pay $8,100.00 rent for the entire term in monthly installments of $675.00.Rent shall be paid to ATOMS PROPERTY MANAGEMENT, INC., P.O. Box 1311, Greeley, Colorado80632.Rent is due in advance on the first day of each month.The Tenant agrees to pay $20.00 plus a $4.00 per day late charge for each day after the second day of the month that rent is not paid.

 

4.††††††††††† SECURITY DEPOSIT:The Tenant has paid a security deposit in the amount of $675.00. This amount is to be held by the Landlord as a security deposit to cover:

(a)††† Rent owed if the Tenant vacates in violation of this Agreement or is evicted for violation of this Agreement; and

(b)††† Damages to the property and costs for cleaning to restore the property to the same condition it was in when the Tenant †††† moved in except for ordinary wear and tear; and

(c)††† Costs of re-renting the property if the Tenant moves out in violation of the provisions of the Agreement; and

(d)††† Costs of removing personal property or trash left behind by the Tenant; and

(e)††† Costs of professionally cleaning the carpet upon vacancy.

†††††††††††††† After the Tenant lawfully gives up possession of the property, the Landlord will determine what costs under (a), (b), (c), (d) or (e) above are due and will return the unused portion of the security deposit, if any, to the Tenant at the Tenant's last known address given to the Landlord.The Tenant agrees that one check will be written to one of the above stated tenants for the unused portion of the security deposit.The security deposit shall be refunded within sixty (60) days of when the lease terminates or surrender and acceptance of the premises, whichever occurs last.The Landlord will also send the Tenant a written explanation, if applicable, as to why the security deposit or any part of it was kept by the Landlord.If damages or costs to the Landlord exceed the amount of the deposit, the Tenant will reimburse the Landlord for such costs.The Tenant should make arrangements with the Landlord to inspect the property before surrender of the property so any questions regarding what damages the Tenant will be responsible for can be resolved.

 

5.††††††††††† UTILITIES:The Tenant is responsible for utility service as follows:

†††††††††††††††††††††††††††††††††††††††††††† †††† xx††† Electricity†††††††††††††††††††††††††††††††††††††††††††††††††††††††† †††††††††††††† †††† xx††† Trash removal

†††††††††††††††††††††††††††††††††††††††††††† †††† xx††† Gas††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† ††††††† ††††††††††††††††††† Water/Sewer

†††††††††††††††††††††††††††††††††††††††††††† †††† xx††† Telephone††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† †††† xx††† Cable

 

6.††††††††††† FURNISHINGS:The leased property is furnished with the following:

††††† xx†† Range/Oven††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† †††† xx†† †† Refrigerator††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††

††††† xx ††Window Coverings††††††††††††††††††††††††††††††††††††††††††††††††††††††††† †††† xx††† Dishwasher††††††††††††††††††††††††††††††††††††††††††††

†††††††††††† ††Washer/Dryer††††††††††††††††††††††††††††††††††††††††††††††††††

††††††††† ††††††

7.††††††††††† COVENANTS BY TENANT:In addition to paying rent, the Tenant agrees:

†††††††††††††† (a)††† to use the leased property strictly for residential purposes; and

†††††††††††††† (b)††† not to use the leased property in violation of any law or ordinance or in such a way as to create a nuisance; and

(c)††† not to remodel or otherwise alter the leased property without first obtaining the Landlord's written consent; and

†††††††††††††† (d)††† not to allow guests to stay over three consecutive days/nights in the leased property, without first obtaining the written consent †††††††††††††††† of the Landlord; and

†††††††††††††† (e)††† not to have pets on the leased property (even temporarily); and

†††††††††††††† (f) ††† to keep the leased property clean and not to cause the physical condition of the leased property to deteriorate; and

†††††††††††††† (g)††† to protect the leased property from theft or weather damage by closing and locking windows and doors when absent; and

†††††††††††††† (h)††† to keep the sidewalks clear of snow and ice; and

†††††††††††††† (i)†††† to keep the lawn green and in good condition Spring through Fall; and

†††††††††††††† (j)†††† not to have waterbeds on premises without insurance at tenants expense; and

†††††††††††††† (k)††† not to smoke or allow visitors to smoke on said premises; and

†††††††††††††† (l)†††† not to assign the lease or sublet the leased property; and

†††††††††††††† (m)†† to have the carpets professionally cleaned upon vacancy; and

(n)††† to do, or refrain from doing, such other acts as are specified in paragraph 14 below; and

(o)††† to pay $750.00 as liquidated damages for breach of contract in addition to any actual damages if any of the above covenants are††††††

†††††††† broken.†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† page 1 of 2††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††

 

 

8. †††††††††† TERMINATION:The Tenant shall be required to give up possession of the leased property at the end of the term, without further notice.The leased property shall be left in a condition no worse than when the Tenant commenced occupancy, ordinary wear and tear excepted.

 

9. †††††††††† PHYSICAL CONDITION AND REPAIR:Before signing the Agreement the Tenant has inspected the leased property and the Tenant hereby states that he accepts the leased property in its present condition.The Landlord shall not be required to improve or in any way modify the leased property, unless a different indication is given in paragraph 14.If any extraordinary damage (as defined below in this paragraph) occurs during the term of the lease and if the Tenant notifies the Landlord in writing that the extraordinary damage has occurred, then the Landlord shall be required either to repair the damage within a reasonable time (or to commence repairs within a reasonable time and thereafter to complete them diligently) or to allow the Tenant to prematurely terminate the lease and, in that event, to refund any prepaid rent to the Tenant.This paragraph does not excuse the Tenant from the obligation to pay rent and comply with the other terms of the lease up to the date of termination."Extraordinary damage" means structural damage which is not caused by the Tenant or the Tenantís guests and which is not directly related to the Tenant's failure to comply with paragraph 7.†† The Tenant further agrees to pay for all damaged screens and broken glass that occurs during the lease period.

 

10. †††††††† TENANT'S PROPERTY:The Tenant shall have no right to look to the Landlord for payment for any loss or damage to property of the Tenant resulting from the condition of the leased property, unless the loss or damage is brought about by the intentional act of the Landlord.The Tenant is strongly urged to purchase "Renter's Insurance".Personal property of any kind left on or about the property after the Tenant moves out shall be considered to be abandoned and the Landlord may sell or otherwise dispose of the property.

 

11. †††††††† INSPECTIONS:The Landlord shall have the right to enter the leased property at reasonable times for the purposes of maintenance or showing perspective tenants.In the case of an emergency that may be damaging to the property, the Landlord may enter the leased property at any time.The Tenant agrees to have the property clean and orderly for said showings.

 

12. †††††††† EACH TENANT RESPONSIBLE:If two or more individuals constitute the "Tenant" then each of them is fully responsible (not just proportionately responsible) to pay the rent and otherwise comply with this Agreement and each is responsible for damage or loss sustained by the Landlord as a result of violations of the obligations stated in this Agreement, even if those violations were committed or allowed by another person.

 

13. †††††††† DEFAULT:The Tenant will be in default under this Agreement if the Tenant fails to pay the rent or any installment of rent in full on or before the date when it is due or if the Tenant fails to comply within any of the affirmative obligations set forth in this Agreement to be performed by the Tenant or if the Tenant violates or exceeds any of the restrictions set forth in this Agreement.After giving 3 days notice required to be given by Colorado law, the Landlord, by reason of any such default, may either terminate the lease or, with or without terminating the lease, may enforce any other remedy allowed by Colorado law.If the Tenant vacates the leased property before the termination date, as stated in paragraph 2, then the Tenant shall be responsible for a $500.00 releasing fee and the remaining balance of rent for the entire lease term less any rent that the Landlord is able to recover during the balance of the lease term.The Landlord's termination of the lease shall not prevent the Landlord from recovering all rent due at the time of the default and any loss or damage to the leased property or to any furniture or appliance furnished by the Landlord.The Landlord shall have the right to retain out of the security deposit all amounts which the Landlord has a right to recover from the Tenant by reason of this paragraph or by reason of Colorado law.In addition to any other remedy allowed by Colorado law, the Landlord shall be entitled to recover his reasonable attorney fees and court costs to the extent that those fees or costs are related to the enforcement of the Landlord's rights under this Agreement.

 

14. †††††††† ADDITIONAL PROVISIONS:The Landlord and the Tenant agree to the following additional terms:

††††††††††††††

†††††††††††††† a.) None.

††††††††††††††

†††††††††††††† This agreement has been signed by the "Landlord" and the "Tenant" on the dates indicated below and each has at least one fully signed copy.

 

 

††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† †††††††††††††††††††††††† †††††††††††††† †††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††

Landlord: †††††††††††† ††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††Date††††††††††††††††††††† Tenant:††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† Date

 

††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† †††††††††††††††††††††††† †††††††††††††† †††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††

Tenant:†† †††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† Date††††††††††††††††††††† Tenant:††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† Date