STANDARD
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 and they could have elected to pay a higher rent and
have fewer responsibilities. Rent shall be paid by money order, cash or
a single check. If Tenants elects
to pay with multiple checks, they also elect to pay a fee of $10.00 for each
check sent. If Tenants elects to pay by debit or credit card, they also elect
to pay a 5% convenience fee to Landlord.
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 $50.00 late fee or 5% of that
months rent which ever is greater will be charged for any payments made after
the 5th, unless other arrangements are made in writing and in
advance of the due date. Tenant acknowledges that while the rent for the last
month shall be paid in full for the entire month, that the last five or six days
of said month are reserved for the Landlord to perform routine maintenance and
not for the Tenant to occupy or use said space, and Tenant(s) subsequently agree to completely vacate the property on the
25th day of the last month at noon in accordance with paragraphs
contained herein. Tenants renewing may
not be required to vacate.
2.
That the Tenant shall
not assign, transfer, or sublease the premises without first obtaining written
consent of the Landlord, specific forms and fees may be required and a
reasonable fee may be associated with sub tenants. Unauthorized Sub Tenants will be considered
trespassers and the Tenant will be charged a fee of $250.00 per unauthorized
subtenant. Guests of the Tenant shall be
escorted by the Tenant or may be considered as a trespasser and may be removed
from the property. Tenant shall be responsible for their guest. Tenant agrees to communicate with Landlord
via Email, telephone, us mail and in person.
3.
That the tenant
will make and keep a deposit in the amount of $___________ to be held by the Landlord
and shall be refunded not sooner than 5 days but within 30 days of the end of
the lease term if the demised in CLEAN and GOOD condition (as outlined on line
at www.wmbgrentals.com) and ready for
the next Tenant. Tenant shall hire a professional cleaning company to clean the premises
prior to vacating. Tenant will
receive $1.00 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. So long as one or more of the above Tenants remain or hold
over, the deposit shall remain with Landlord in its entirety. If some of the above Tenants are replaced by
other Tenants, the deposit will remain until such time as replacement Tenant(s)
post an equal deposit with the Landlord.
If deposit is not paid in full within 10 days of execution of this lease
Landlord may cancel this lease and keep the deposit posted as damages.
4.
The Tenant accepts
said premises, furniture, fixtures and appliances in their present condition
and agrees not to remove property from apartment. Tenant shall provide Landlord with a list of
defects (if any) to the demised within
the first 5 days of occupancy and if agreed upon that they exist, Landlord shall acknowledge same. Tenant agrees to keep said premises,
furniture, fixtures and appliances in good order and in a clean safe and
sanitary condition; to obey all laws and ordinances affecting said premises,
furniture, 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,
furniture, fixtures, appliances and improvements made thereto; and to surrender
the premises, furniture, fixtures,
appliances and improvements made thereto at the termination of the rental term;
reasonable wear anticipated. At the end of the rental period the property shall
be clean as prescribed on Landlord’s move out check list (on Landlord’s
website, www.wmbgrentals.com) and empty and ready to be occupied by the next
Tenant If the property is not ready for
the Next Tenant because the Vacating Tenant has not vacated or returned the
property on time and in a clean condition as prescribed on Landlord’s move out
check list (on Landlord’s website, www.wmbgrentals.com) the Vacating Tenant
shall be responsible for all expenses associated with said delay. Tenant shall
notify Landlord via email of any repairs that need to be made by Landlord with
ample time (at least 10 days prior to the end of term) for said repairs to be
made by Landlord before the end of the Tenant’s occupancy. Tenant
shall hire a Professional carpet cleaning company and have carpets Professionally
cleaned upon vacating. Tenant shall hire
a Professional cleaning company to clean upon vacating. If ALL the cleaning items as prescribed on
Landlord’s move out check list (on Landlord’s website, www.wmbgrentals.com) are
not completed, the landlord will hire a cleaning company of their choice and
deduct that expense from the Tenants deposit plus a 10% coordination fee. Smoking
or burning candles inside is not permitted, and the cost of cleaning, repainting,
and repairing burns due to smoking will be at the Tenant’s expense. If amount of
repairs exceeds the amount of the deposit and legal remedies are necessary, it
shall be at Tenant’s expense. Painting
is only allowed with Landlord’s written consent and is done at Tenant’s
expense. A fee of not less than $100.00
shall be charged for any early termination of this lease plus any expenses or
damages to Landlord. Landlord reserves
the right to enter the property at the end of the semester to inspect to insure
the property is clean and sanitary. If
Landlord deems it necessary to hire a cleaning company to protect his investment
and have the property cleaned between semesters, he may do so at Tenants
expense. Landlord is not responsible for
Washer & Dryer if either is present, or damage to clothing by laundry
equipment.
5.
That the Landlord
shall NOT be liable for any injury or damage to the person or property of the
Tenant, Tenant’s Guest or any other person unless Gross Negligence on the part
of the Landlord is shown.
6.
No illegal activities
are allowed to take place on the property.
The Landlord and his associates have the right to inspect, repair and
show the premises with 24 hours notice to the Tenant, or when the Landlord
believes the premises is endangered without notice. Notice for showings and inspections may be
left on voice mail, sent via email, given personally, or posted at the
property.
7.
That the Landlord
may re-enter and occupy the demised for the breach of any covenant herein contained
upon the Tenants failure to remedy the breach within 10 days or if Tenant shall
be in default for 10 days in payment of rent.
8.
Tenant shall
provide utilities during lease period and is responsible for preventive
maintenance, all clogged drains, frozen pipes, pest control, and changing of
air filters. Tenant shall change light
bulbs and take care of minor repairs and adjustments, such as but not limited to
a loose screw or resetting a circuit breaker.
Landlord shall be responsible for all major repairs to the demised as
long as they are not directly related to the actions or lack thereof of the
Tenant. 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. Landlord will provide lawn
care and trimming of bushes, however the Tenant shall
keep the yard free of debris, trash and newspapers and Tenant is responsible
for snow and ice removal. Tenant agrees
to pay a fee to or reimburse Landlord, if Landlord finds it necessary to remove
debris, trash, newspapers and such from the yard. 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. If Landlord has to repair or replace smoke detectors
or batteries in smoke detectors, tenant shall pay Landlord $50.00 per smoke
detector. If a fee is incurred by a
Tenant it shall be paid to the Landlord with the next rent payment due.
9.
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. 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.
10.
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
written 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.
11.
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.
12.
Tenant agrees to
purchase “renter’s insurance” to protect their property as Landlord’s insurance
does not cover Tenant’s property.
13.
No pets are
allowed. When in use, grills should be
at least 5 feet from combustible materials, such as trees, shrubs and
buildings.
14.
The demised will
be used as _____________________________________________________________________.
15.
This property is
residential in nature, the tenant acknowledges that the property is in a 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 if the neighbors or City / County lodge complaints against the Tenant
or their guest that go unresolved. These
complaints can be relating to but are not limited to conduct, noise, trash, maintenance,
etc. Not more than _________ vehicles (cars,
boats, trailers, etc.) are allowed on the property at any given time. Parties (more than __________ people) are not
permitted at this property. A minimum
penalty of $150.00 per Tenant shall be paid to Landlord if a gathering in
excess of this takes place or a noise or conduct violation occurs. Landlord may bring Law Enforcement officials into
the property to inspect it and break up a gathering if he desires to have them
enter the property. Bicycles and such shall be kept in the rear yard when
possible. Landlord reserves the right to
establish policies & practices to protect the property, such policies and
practices shall be posted on the website www.wmbgrentals.com
16.
If a Virginia Court
finds it necessary to sever a part of this lease to save the bulk of this lease
then they may. Tenant shall bear cost of
collections, and reasonable attorney’s fees to the extent permitted by law.
Unpaid amounts shall bear interest at the rate of 10 % monthly. If lease is
between multiple Tenants than it shall be construed jointly and severally. Tenant
shall indemnify and protect Landlord against any loss or expense Landlord
suffers or claim against Landlord due to Tenants conduct, actions, or lack thereof.
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, posted at the property or
sent by certified mail, addresses as the case may be:
To the Tenant at the leased premises, and to the
Landlord at its office, 1005 Richmond Road, Williamsburg, VA 23185
IN WITNESS WHEREOF, the Landlord
and the Tenant have executed this lease in duplicate as dated above.
_____________________________ ____________________ _______________________ (757) 220-3735
Tenant Phone Great Knights, Inc., Landlord Phone
_____________________________ ____________________
Tenant Phone
____________________________ ____________________ __________________________ ______________
Tenant Phone Tenant Phone