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, Colorado
80631.
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, Colorado 80632. 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
Tenant’s 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