STANDARD
RESIDENTIAL LEASE
This lease hereinafter made this ____________ day of ____________, ________ by and between Great Knights, Inc., hereinafter designated as “Landlord” and _____________________________________________________________________, hereinafter designated as “Tenant”.
WITNESSETH:
The Landlord, in consideration of the rent specified herein
to be paid by said Tenant and the other covenants, agreements and conditions
hereinafter contained to be kept, performed and observed by said Tenant does
hereby lease to said Tenant the premises known as
_______________________________________________________________________________________,
The term shall begin on _________________________ at
The Tenant, in consideration of the demise and of the
covenants and agreements made herein by said Landlord, leases said premises for
the term and does hereby promise to pay to the Landlord, his representatives,
and assigns as rental for said premises the rate of $_____________ per month,
due and payable on or before the first of each month. Tenant
acknowledges that rent is based on their performance of the covenants herein
contained.
The Tenant covenants and agrees with the Landlord:
1. To pay and deliver to the Landlord the rental rate on or before the first of each month. A late fee of $50.00 or 8 % of that months rent (whichever is higher) will be charged for any payments made after the due date, unless other arrangements are made in writing and in advance of the due date.
2. That the Tenant shall and may not assign, transfer, or sublease the premises without first obtaining written consent of the Landlord. Guest of the Tenant shall be escorted by the Tenant or may be considered as a trespasser and may be removed from the property.
3. That the tenant will make a deposit (at time of signing lease) in the amount of $___________ to be held by the Landlord and shall be refunded within 30 days of Tenant vacating the demised in CLEAN and GOOD condition. Tenant will receive$___________ in interest for every six months that deposit is held by said Landlord, so long as it is to be held for a minimum of 13 consecutive months, said interest will become part of the initial deposit and be refunded at the same time as the deposit.
4. The Tenant accepts said premises, fixtures and appliances in their present condition and Tenant agrees to keep said premises, fixtures and appliances fully functioning in good order and in a clean safe and sanitary condition; to obey all laws and ordinances affecting said premises, fixtures and appliances; to repay the Landlord, (or forfeit all or part of the deposit stated in covenant #3) for the cost of repairs made necessary by the destructive, negligent, or careless use of said premises, fixtures, appliances and improvements made thereto; and to surrender the premises, fixtures, appliances and improvements made thereto at the termination of the rental term; reasonable wear anticipated. If amount of repairs exceeds the amount of the deposit and legal remedies are necessary it shall be so. A $250.00 minimum fee shall be charged for any early termination of this lease plus any expenses or damages to landlord.
5. That the Landlord shall NOT be liable for any injury or damage to the person or property of the Tenant, or any other person irrespective of the cause. Tenant is encouraged to purchase “renters insurance”, such decision is however at tenants option.
6.
To conduct no illegal activity on the premises or
violate any ordinances of the City, state or other governing authority. Note: the City of
7. That the Landlord may inspect the premises with 24 hours notice to the Tenant, or when the Landlord believes the premises is endangered without notice. Tenant agrees to limited showing of the demised for the purpose of renting to other parties. Tenant shall have in good condition for said showings.
8. That the Landlord may re-enter and occupy the demises for the breach of any covenant herein contained upon the Tenants failure to remedy to the breach within 10 days or if Tenant shall be in default for 10 days in payment of rent.
9. Tenant is responsible for all utilities, reasonably anticipated repairs, to the building, appliances, fixtures, equipment including all maintenance, preventive (including but not limited to annual HVAC cleaning & tune ups) and otherwise (including but not limited to any and all clogged drains and frozen pipes) of the demised. Landlord shall be responsible for all major repairs to the demised as long as they are not directly related to the actions of lack thereof of the Tenant. An example of some reasonably anticipated repairs would be the replacement of a part on an appliance such as an element on a stove or hot water heater element. This would fall to the Tenant; however the replacement of the entire stove or entire hot water heater would be a major repair and fall to the Landlord. A loose gutter or down spout would be a minor repair or maintenance concern, the replacement of the entire gutter would fall to the Landlord. The Landlord reserves the right to determine the necessity of any major repairs. Tenant cannot obligate Landlord in any way for repairs or other goods or services. Tenant is also responsible for the entire yard, including trees, branches, shrubs, etc. The building and yard shall be maintained to show a level of pride in the property. Tenant agrees to reimburse Landlord, if Landlord finds it necessary to perform maintenance on the building and yard such as, but not limited to grass cutting and trimming of bushes. Tenant acknowledges that they could have elected to pay a higher rent and have landlord perform all maintenance and repairs but opted for rent and responsibilities contained in this lease. Tenant has (or will upon occupying demised) inspected the smoke detectors and stipulates they are functioning and adequate and Tenant will maintain same including batteries in smoke detectors. Landlord does not supply window treatments.
10. In case of partial destruction or injury to the building(s) by fire, the elements or other casualty not related to the Tenant’s action or lack thereof, the Landlord shall repair the same with reasonable dispatch after notice to him of such destruction or damage. Tenant to be responsible for clean up of yard after storms. In the event that the building(s) becomes totally unfit for the purpose of which this lease was made, due to the aforementioned causes, rent shall be paid up to the time the demised cannot be used for the intended purpose.
11. Any improvements made to the demised become the property of the Landlord at the time they are made. The replacing of locks or addition of any lock(s) to the demised is not allowed without first obtaining Landlord’s approval. No structural or design changes are allowed by Tenant. The Landlord reserves the right to make improvements to the demised so long as they do not materially prevent the Tenant from using the demised for the purpose that it was intended.
12. This lease shall renew automatically on a month-to-month basis at the expiration of the initial term unless either party hereto notifies the other at least 30 days prior to the expiration of his intent not to renew. If this month-to-month lease takes place there will be a 10% increase in the rent starting with the first month of automatic renewal. Tenant is responsible for full value of entire lease if they violate lease or if lease is terminated prior to the end date listed on page one.
13. No pets are allowed.
14. If the property is residential in nature, the tenant acknowledges that the property is in a older and historic residential neighborhood and agrees not to allow any conduct on the premises that would be detrimental to the neighborhood, the Landlord, the College of William of Mary or neighbors and further agrees to conduct themselves in a manner that will endear them to the community. Landlord may penalize Tenant (financially or other wise) if the neighbors or City lodge complaints against Tenant that go unresolved. These complaints can be relating to but are not limited to conduct, maintenance, etc. Not more than _____ cars are allowed on the property at any given time. Parties (more than 14 people) are not permitted at this property. A minimum penalty of $150.00 per Tenant shall be paid to Landlord if he is called to break up or quiet down any gathering at this property.
15. If a Virginia Court finds it necessary to sever a part of this lease to save the bulk of this lease then it shall be so. Tenant shall bear cost of collections, and reasonable attorney’s fees to the extent permitted by law. If more than one Tenant this lease shall be construed jointly and severally. The interest on any unpaid amounts shall be at 10% per month.
Any notice by the Landlord to the Tenant, or by the Tenant to the Landlord may be given and shall be deemed to have been duly given if either delivered personally or sent by certified mail, addresses as the case may be:
To the Tenant at the leased premises.
To the
Landlord at its office,
IN WITNESS WHEREOF, the Landlord and the Tenant have executed this lease in duplicate as of the day and year first above written.
_______ _____________________________ _____________________________________________________
Date Tenant Phone Email Address
_______ _____________________________ ____________________________________________________
Date Tenant Phone Email Address
_______ _____________________________ ____________________________________________________
Date Tenant Phone Email Address
_______ ______________________________
Date Landlord, Great Knights, Inc. Phone Email