Standard Lease Griffin Arms
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 Griffin Arms Apartment_________ at 515
Prince George Street, Williamsburg, VA, The term shall begin on August 1, _____ at noon and end
on July 31, ______at noon.
The Tenant, in consideration
of the demised 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 Tenant elects
to pay with multiple checks, they also agree to pay a $10.00 fee per
check. If Tenants elect to pay by debit
or credit card, they also elect to pay a 5% convenience fee to Great Knights,
Inc.
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. Partial months shall still be due on the
first but will be prorated on a 30-day basis.
A late fee of 5% of one month’s rent will be charged for any payments
made after the 5th, unless other arrangements are made in writing or
via email 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 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. Renewing Tenants may not be required to vacate
early.
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 a deposit (at time of signing
lease) in the amount of $ 6,000.00 to be held by the Landlord and shall be
refunded within 30 days of the end of the term if the demised is CLEAN and in
GOOD condition (as prescribed on Landlords move out check list on Landlord’s
website, 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 $ 3.00
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. Any deductions from the deposit shall be replaced
when the rent payment is due.
4.
The Tenant accepts
said premises, (including 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, in good order and in a clean safe and sanitary condition; to
obey all laws and ordinances affecting said premises; 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, and to surrender the premises, at the termination of the rental term;
reasonable wear anticipated. At the end of the rental period or annually 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 and pay for a professional cleaning company to clean the premises in
accordance with Landlords move out list (on Landlord’s website, www.wmbgrentals.com). For any items not completed the landlord will
hire a professional company of Landlord’s choice and deduct that expense from
the Tenant’s deposit plus a 10% coordination fee. Smoking or burning candles inside or around
doors is not permitted, and the cost of cleaning, repainting, and repairing
burns due to smoking or candles 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
Tenant’s expense. Landlord is not responsible for 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, 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 and repair 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. Landlord may monitor hallways,
elevators and public areas with electronic devices.
7.
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 power during entire lease period and is responsible for all utilities,
and preventive maintenance and any and 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 clean public areas; however the Tenant shall keep public areas free of debris,
trash and newspapers, etc. Snow and ice removal is not
included. Tenant(s) agrees to pay a fee
to or reimburse Landlord, if Landlord finds it necessary to remove debris,
trash, newspapers and such from the public areas. 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 fee is incurred by
Tenant it shall be paid to 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 if tenant fails to vacate at the end of the initial term and remains in
the property. 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 agrees to showing of the demised to
prospective tenants with 24 hours notice during lease. Said notice may be emailed, verbal, or posted
at the property.
12.
Tenant agrees to
purchase “renter’s insurance” to protect their property as Landlords insurance
does not cover Tenant’s property.
13.
The demised will
be used as a residence for not more than three people. No pets of any kind, including fish will be
allowed. Bicycles are not permitted in
the building; a covered bike rack is provided for them. A fine of $100 for each
bicycle found inside will be imposed on each Tenant of the apartment. 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
14.
This property is
residential in nature, the tenant acknowledges that the they live in close
proximity of other people and businesses and agrees not to allow any conduct on
the premises that would be detrimental or adverse to their neighbors, the
Landlord, the College of William of Mary, and further agrees to conduct
themselves in a manner that will endear them to their neighbors and the
community. Landlord may penalize Tenant
if the neighbors or City 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, guest behavior,
etc. Parties (more than 6 guests) are
not permitted at this property at any time.
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.
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 and believes the property is in danger or the lease is being violated.
15.
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, activities,
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.
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
_____________________________ ____________________ ____________________________ ____________________
Tenant Phone Tenant Phone