Lease Template

THIS LEASE TEMPLATE IS FOR INFORMATION PURPOSES ONLY. PRIME PROPERTY HOLDS THE RIGHT TO UPDATE, CHANGE OR MODIFY ANY PARTS OF THIS LEASE AT ANY TIME. PRIME PROPERTY STRONGLY RECOMMENDS ALL TENANTS READ ALL OF THEIR LEASE BEFORE THEY SIGN IT AND CONSULT AN ATTORNEY IF NEEDED.

PRIME PROPERTY MANAGEMENT
5429 CHESTNUT STREET, STE M114
PHILADELPHIA , PA  19139

 

LEASE AGREEMENT

NOTICE:

YOU ARE GIVING UP CERTAIN IMPORTANT RIGHTS. YOU ARE WAIVING YOUR RIGHT TO HAVE A NOTICE SENT TO YOU BEFORE THE LANDLORD STARTS A COURT ACTION TO RECOVER POSSESSIONS FOR NONPAYMENT OF RENT OR FOR ANY OTHER REASON. YOU HAVE THE RIGHT TO HAVE AN ATTORNEY. REVIEW THIS LEASE BEFORE YOU SIGN IT.

1.         DATE:
            The Date of this Lease Agreement is JANUARY 1 , 2011

2.         LANDLORD:
            The Landlord is: NEIGHBORHOOD RESTORATIONS, LP
             who is the registered Owner(s) or the Agent for the Registered Owner(s).

3.        TENANT:
           The tenant is  TENANT NAME

4.         RENTAL PROPERTY:
            The Landlord agrees to rent to the Tenant the property 1234 NICE STREET, Located at  1234 NICE STREET, PHILADELPHIA,  PA.  191XX
                                                                                                                                                                 Address                            City          State    Zip
             in building N/A in Apartment Number on Floor Number N/A containing  3 rooms 1 Bath(s).

5.         USE:
            The Tenant will use the property only as a residence 

6.         OCCUPANCY OF PROPERTY:
           
The only person(s) living in the property is/are  TENANT NAME & (2) SONS

7.         TERMS OF LEASE AGREEMENT:
            The Lease will begin on      JANUARY 1 , 2011
  
          and the Lease will end on   DECEMBER 31, 2011

8.         AMOUNT OF RENT: EIGHT HUNDRED AND SEVENTY FIVE DOLLARS ($875.00)
            This includes a Utility of  $53.00  to the Water Revenue Bureau paid directly by the owner.

9.         DATE RENT IS DUE:
            The Rent is due on the FIRST DAY of each month.

10.       SECURITY DEPOSIT:
             ***The Tenant must deposit with the Landlord a Security Deposit of $ 1,750.00

            The Tenant is not allowed to use the Security Deposit to pay Rent.

11.       LATE CHARGE:
           
If the Rent plus any other Charges are not received by the Landlord by the 5th day of the month, the Tenant must pay a late charge of $25.00.  If rental payment is not received by the 15th day of the month, eviction proceedings will be initiated and the Tenant will be held responsible for any and all legal fees incurred by the Landlord.

12.       SPECIAL TERMS AND CONDITIONS OF THE LEASE AGREEMENT:
                The Landlord and Tenant agree to the following extra services, charges and/or special terms (if any):
            
            None.

13.         NOTICE TO END LEASE AGREEMENT:
            To end this Lease Agreement at the end of the Term, the Landlord or the Tenant must give the other party at lease sixty (60) days written notice before the date the Lease Agreement is over.

            On a Month-to-Month Lease, the Landlord or the Tenant must give to the other party at least sixty (60) days written notice before the date the Lease Agreement is over.  Notice will be considered from
     
      the 1st day of the month after the notice is given.

            If the tenant breaks the Lease Agreement prior to the end date there will be a $1,000.00 administrative fee.

            If proper notice if not given by the Tenant, the Tenant will be charged an amount equal to one  month’s rent as an administrative fee.

14.       CONTINUATION OF THE LEASE AGREEMENT:
           
If the Landlord or the Tenant does not give any written notice to the other party to end this Lease Agreement, it will automatically continue on a Month-to-Month basis.

15.       CHANGE IN RENT OR OTHER TERMS OF THE LEASE AGREEMENT:
            At least sixty (60) days before the Lease Agreement is over, the Landlord may notify the Tenant in writing of any changes in Rent or changes of any other terms of the Lease Agreement.  The tenant 
            must then notify the Landlord in writing within thirty (30) days that the Tenant rejects these changes and therefore desires to end the Lease.  Otherwise, the changes in rent or other terms will
            automatically take effect.

            When a lease is on a month to month basis the Landlord may notify the tenant in writing sixty (60) days prior to any changes in Rent or changes of any other terms of the Lease Agreement.  The tenant
            must then notify the Landlord in writing within thirty (30) days that the Tenant rejects these changes and therefore desires to end the Lease.  Otherwise, the changes in rent or other terms will
            automatically take effect.

16.       CONDITION OF THE PROPERTY:
            Neither the Landlord nor anyone representing the Landlord has made any promises as to the condition of the property, it is assumed that when the Tenant moves in, the property is in good and 
            satisfactory condition.

17.       WHAT TENANT AGREES TO:
            APAYMENTS
            Tenants agrees to pay the Rent and any other charges when due.
            BCLEANLINESS:
            The Tenant will keep the unit clean and free of trash, garbage, rats, insects and vermin.
            C.   NO DISTURBANCE TO OTHERS:
           
The Tenant will not do anything to disturb other Tenants such as causing too much noise, vibration, bad smells, or electronic interference with radios and television sets.
            D.   NO INSTALLATIONS:
            The Tenant shall not install or use any laundry or dish washing machine, air conditioning, ventilation equipment, or other mechanical equipment or a television or radio antenna in the property or outside 
             the property without the Landlord’s permission.
            E. NO TRANSFER (ASSIGNMENT) OR SUB-LEASE:
            Tenant agrees not to transfer, assign or sub-lease the property without the Landlord’s permission.
            F. REPAIRS:
            Tenant shall take good care of the property and shall not cause any damage to the property.

            Tenant will repair at its own expense, any damage caused by the Tenant or its guest.  Resident shall immediately notify the management office in writing of any maintenance that is needed at the
property and/or common areas.  In the event of an emergency, resident shall notify the office in the quickest manner possible.  Resident shall be liable to Owner for damage sustained to theproperty as a result of Resident’s failure to comply with the terms of this lease.  Resident shall also be liable for damage sustained to Resident’s person or property as a result of Resident’s failure to comply with the
            terms of this Lease.
           
G. STAIRS, ENTRANCE AND OUTSIDE STEPS:
            It is agreed and understood that the occupant of the second floor apartment is responsible for keeping the hallway and stairs from the first floor to the second floor free from dirt & litter.  The first floor
            Tenant is responsible for keeping the entrance, foyer, and other stairs and the outside steps free from snow, ice, dirt and obstructions.  All parties that dwell inside a unit are responsible for snow removal from sidewalks in front of the unit and along side the unit.
           
H.  HAZARDOUS MATERIALS:
            Tenant agrees not to keep or store hazardous or combustible materials on the property.
            I.  NO CHANGES:
            The Tenant agrees not to make any changes or alterations to either the interior or exterior of the property nor to any part of the property.
            J.  NO PAINTING BY TENANT:
            The tenant agrees not to paint or paper the wall, ceilings, floor or fixtures without the Landlord’s permission. 
            K.  PERMISSION TO HANG SHELVES AND OTHER THINGS:
            The Tenant is allowed to hang shelves, pictures, curtain rods, drapery rods and decorations on the walls of the apartment as long as they do not weaken the walls.
            L.  WATERBEDS:
            The Tenant agrees not to use any waterbeds in the property.
            M.  PETS:
            Pets are allowed on a conditional basis with approval by Owner and a Pet Agreement in effect. 
            N.  ILLEGAL ACTIVITY:
            Tenant agrees not to conduct any illegal activity on the property, including, but not limited to, the sale, possession and/or manufacture of illegal drugs and drug paraphernalia.
            O. MAINTENANCE AND INSPECTION   
           
Tenant agrees (when applicable) to allow the PHA inspector’s to inspect the property at  reasonable times and after reasonable notice.

18.       LANDLORD’S RIGHTS:
            A.  PARKING:
            The Landlord has the right to tow away any parked trucks, vans, house trailers, boats, campers, boat trailers, motor homes or illegally parked, abandoned, or unregistered cars at the owner’s expense.
            B. DAMAGE:
            If the Tenant does any damage to any part of the unit, the Tenant must pay to the Landlord the cost of repairs or replacements.
            C.  ACCESS TO APARTMENT:
           
The Tenant agrees to permit Landlord to have free access to the property during reasonable hours for:
            (a)  The purpose of enforcing the terms of this lease;
            (b)  Making repairs and alterations; and
            (c)   Examination of property by prospective lenders, lessees and investors.

19.       LANDLORDS REMEDIES:
            If the Tenant:
            (a)  Does not pay rent;
            (b)  Violates the terms of the lease; or
            (c)  Moves before the end of the Lease without permission of the Landlord, then:
            A.   The whole balance of the rent due for each month to the end of the Lease is immediately owed by the tenant.
            B.   The Landlord may start a court action to evict the Tenant; and
            C.   The landlord may institute court action for the cost of repairing or replacing any damage to the apartment and complex for which the Tenant is legally responsible.

20.       WHAT TENANT OWES IF LEASE IS VIOLATED:
            If this lease is violated by the Tenant, the Tenant will owe:
            A.  All rent and additional charges permitted by this lease;
            B.  All legal fees, court costs, collection agency fees, sheriff’s or constable’s fees, moving and storage costs and other expenses of the Landlord in evicting the Tenant and collecting the money the 
                 Tenant owes; and
            C.  The cost of repairing or replacing any damage to the apartment and complex for which the Tenant is legally responsible.

21.       IF THE TENANT PAYS RENT OR OTHER CHARGES LATE:
            If tenant does not pay rent or other charges when due three (3) times within a twelve (12) month period, Landlord shall have the right to end this Lease Agreement.

22.       LEASE NOT CANCELABLE BY ANY ONE TENANT:
            If two or more persons are on the Lease Agreement, the fact that one person leaves the premises does not relieve the remaining tenant or tenants from the full responsibilities under this lease.

23.       STORAGE SPACE:
            If the Landlord provides a storage space for the Tenant, it is understood that the Landlord is not responsible for any damage to any of the Tenant’s property and the tenant must give up the storage 
 space at the end of the Lease.  It is also understood that the tenant is responsible for any damages resulting from the use of the storage space.

24.       TRUTHFUL APPLICATION:
            If the Landlord finds out that the Application for Rental was not completed truthfully, the Landlord may end this Lease Agreement immediately and start court action to evict the Tenant.

25.       ADDITIONAL RENT:
            In addition to the Rent, Tenant shall pay, as additional rent, the following:
            A.  Any and all sums which become due because the Tenant failed to comply with the conditions of this lease;
            B.  Any and all damages, costs and expenses, including collection, legal and court costs, which the Landlord may have to spend due to Tenant’s failure to comply with the obligations of this lease;
            C.  Any and all damages to the premises caused by the act or neglect of the Tenant and/or the tenant’s guest;
            D.  Any late charges;
            E.  Interest at the rate of six percent (6%) per year on any payments required under this lease that are late; and
            F.  Any other charges covered by this lease.

26.       PLACE OF PAYMENT:
            The Tenant pays all rent at the Management office or at such other place as Landlord may from time to time specify in writing.

27.       APPLICATION OF PAYMENTS:
            All payments received are applied first to the oldest balances of Tenant’s account in the following order: First to late charges; then legal fees and court costs, then other additional rent; and last to the
            rent.

28.       BAD CHECKS:
            If the Tenant gives the Landlord a check that is not honored by the bank (bounces), the Tenant must make good the bounced check and pay to the Landlord $25.00 for the expenses connected with the 
 bad check.  If more than one check presented for payment is returned by the bank the Landlord will no longer accept checks as payment from the Tenant.  Only certified funds will be accepted.

29.       LEGAL AND COURT COSTS:
            If the Tenant does not pay rent or follow the conditions of the Lease Agreement and because of it the Landlord hires an Attorney, the Tenant is responsible for any and all Attorney’s Fees and Court
            Costs.

30.       UTILITIES:
            If any utility is separately metered, the Tenant is directly responsible for the payment at the discretion of the Landlord. Tenant is responsible for all excess water usage over the allowance.

31.       INSURANCE:
            The Tenant shall provide insurance coverage on Tenant’s contents and personal property in and about the leased premises as well as for comprehensive liability insurance to protect the Tenant against claims of Tenant’s guests.

32.       FEDERAL CRIME INSURANCE:
            Notice is given to the Tenant that a program for the purchase of crime insurance by the Tenant has been established by the U.S. Government under the Federal Crime Insurance Act.  The tenant may obtain information about this insurance from any insurance agent, or may obtain further information by writing to:  Federal Insurance Administration, U.S. Dept. of Housing and Urban Development, 451 Seventh St., S.W. Washington, D.C. 20410.

33.       LANDLORD IS NOT RESPONSIBLE TO TENANT AND/OR TENANT’S GUESTS:
            The Landlord is in no way responsible to the Tenant and /or the Tenant’s guests for any damage to any property of any person and/or any injury to any person which is caused by the carelessness 
and/or neglect of the Tenant and/or the Tenant’s guests.

34.       LANDLORD IS NOT RESPONSIBLE AFTER SALE:
            Upon the sale of the property by the Landlord, the new owner shall have the right to end this lease upon 30 days notice to tenant.  If the new owner does not end this lease, then the new owner shall take 
over the responsibility of the former landlord.  The former landlord shall no longer be responsible to the tenant after the sale of the property.

35.       IF PROPERTY IS TAKEN OVER BY THE CITY, STATE OR GOVERNMENT:
            If any part of the property is taken for public use, this lease shall end on the date Title to the property is transferred to a City, State or Government Agency.

36.       DEATH DURING LEASE:
            If the Tenant, should die during the term of this lease, the following rights and rules shall apply:
            A.  If the Tenant is a single person, the Tenant’s heirs shall have the right to end this lease effective three (3) months after the death of the Tenant.
            B.  If the Tenant is more that one person, the surviving person or persons becomes the Tenant and is responsible for the lease.
 
           C.  The Tenant’s Heirs are responsible for all conditions of this lease.

37.       IF THE APARTMENT IS UNDER RENT CONTROL OR RENT FREEZE:
            If the premises is under or becomes under any rent control or rent freeze law, the rent due under this lease will be the highest amount which the Landlord may legally charge for the premises.

38.       JOINT AND INDIVIDUAL RESPONSIBILITY:
            If more than one Tenant is named in the Lease Agreement, all those named are jointly and individually responsible for the full amount owed as a result of any Tenant’s failure to pay rent or other charges
            or for violation of the conditions of this lease.

39.       WAIVER OF NOTICE:
            If a Court action is started by the Landlord to recover possession for nonpayment of rent or for any other reason, the Tenant specifically waives the right to the notice required under the landlord and
            tenant act and agrees that  NO NOTICE IS REQUIRED.

40.       MUST GIVE NOTICE IN WRITING:
            The Landlord is allowed to give required Notices to the Tenant by leaving the Notice upon the Leased Property or by Regular United States Mail.  The Tenant MUST PUT IN WRITING all required Notices
             to the Landlord and MUST SEND BY CERTIFIED MAIL.

41.        RECERTIFICATION
             The tenant acknowledges the properties participation in a federal program and agrees to abide by all related requirements including annual recertification of income as requested by the Landlord.

42.       IF PARTS OF LEASE ARE DISPUTED:
            If any part of this lease is not legal or not binding or not enforceable, it will not cancel or void the rest of the lease.

43.       PARAGRAPH HEADINGS:
            The headings of the paragraphs in this lease are for convenience only.  They are not a legal part of the lease and they are not complete descriptions of everything in each paragraph.

44.       ENTIRE AGREEMENT:
            It is agreed between Landlord and Tenant that this lease and attached addendums spells out all the terms, agreements and understandings between the Landlord and the Tenant regarding the leased premises.

BY SIGNING THIS LEASE BELOW, I AGREE THAT I HAVE READ AND UNDERSTAND ALL THE TERMS AND CONDITIONS OF IT AND HAVE RECEIVED THE FOLLOWING:

            (1)  A Signed Copy of this Lease;

            (2)  A Copy of Rules and Regulations;

            (3)  A Copy of each Addendum;

            (4)  __________ Key(s) to the Leased Premises

 

                                                                                                    __________________________________

                                                                                                   TENANT                                     DATE

 

                                                                                                   __________________________________

 

                                                                                                    TENANT

 

                                                                                                    __________________________________

                                                                                                    CO-SIGNER

 

                                                                                                    __________________________________

                                                                                                    CO-SIGNER

 

                                                                                                    __________________________________

                                                                                                    LANDLORD OR LANDLORD’S AGENT

           

 

THIS LEASE IS APPROVED BY THE PA STATE ATTORNEY GENERAL’S OFFICE. IN THE OPINION OF THE OFFICE OF ATTORNEY GENERAL, A PRE-APPROVED CONSUMER CONTRACT MEETS THE TEST OF READABILITY UNDER 73 P.S. SECTION 2205 OF THE PLAIN LANGUAGE CONSUMER CONTRACT ACT. PRE-APPROVAL OF A CONSUMER CONTRACT BY THE OFFICE OF ATTORNEY GENERAL ONLY MEANS THAT SIMPLE, UNDERSTANDABLE AND EASILY READABLE LANGUAGE IS USED. IT IS NOT AN APPROVAL OF THE CONTENTS OR LEGALITY OF THE CONTRACT.