__________________________________, for the period commencing on the ____day of
________________, 20_____, and monthly
last day of
_______________, 20______, at which time this Agreement is terminated. Resident(s),
in consideration of Owners permitting them to occupy the above property, hereby agrees
to the following terms:
1. RENT: To pay as rental the sum of $_______________ per month, due and
payable in advance from the first day of every month. Failure to pay rent when
due will result in the Owner taking immediate legal action to evict the Resident
from the premises and seize the security deposit.
2. LATE FEE: Rent received after the first of the month will be subject to a late fee
of 10% plus (3.00) dollars per day.
3. BAD CHECKS: Residents further agree to pay as a service charge the larger of $
10 or 5% of the amount of any dishonored check, regardless of cause.
4. APPLIANCES: The above rental payment specifically EXCLUDES all
appliances not permanently affixed. Appliances located at or in the property are
there solely at the convenience of the Owner, who assumes no responsibility for
their operation. In the event they fail to function after occupancy is started, the
Resident may have them repaired at no cost to Owner or request Owner to remove
5. DISCOUNT: As an incentive to the Resident to be responsible for all
maintenance of the premises and yard each month, and to pay his rent payments
AHEAD OF TIME, a discount in the amount of $___________________ may be
deducted from the above rental sum each month. THIS DISCOUNT WILL BE
FORFEITED IF THE RESIDENT FAILS TO PERFORM AS STATED ABOVE.
In the event the discount is lost one month, this will not prevent the resident from
benefiting from the discount in subsequent months in the e