Any assignment, subletting, concession, or license without the prior written consent of the Landlord, or an assignment or subletting by operation of law, will be void and will, at the Landlord's option, terminate this Lease.
If the Property should be damaged other than by the Tenant's negligence or willful act or that of the Tenant's employee, family, agent, or visitor and the Landlord decides not to rebuild or repair the Property, the Landlord may end this Lease by giving appropriate notice.
The Tenant will promptly notify the Landlord of any damage, or of any situation that may significantly interfere with the normal use of the Property or to any furnishings supplied by the Landlord. The Tenant will not engage in any illegal trade or activity on or about the Property. The Parties will comply with standards of health, sanitation, fire, housing and safety as required by law. The Parties will use reasonable efforts to maintain the Property in such a condition as to prevent the accumulation of moisture and the growth of mold.
The Tenant will promptly notify the Landlord in writing of any moisture accumulation that occurs or of any visible evidence of mold discovered by the Tenant.
The Landlord will promptly respond to any such written notices from the Tenant. If the Tenant is absent from the Property and the Property is unoccupied for a period of 4 consecutive days or longer, the Tenant will arrange for regular inspection by a competent person.
The Landlord will be notified in advance as to the name, address and phone number of the person doing the inspections. At the expiration of the term of this Lease, the Tenant will quit and surrender the Property in as good a state and condition as they were at the commencement of this Lease, reasonable use and wear and tear excepted.
The Tenant will obey all rules and regulations of the Landlord regarding the Property. All monetary amounts stated or referred to in this Lease are based in the United States dollar. Any waiver by the Landlord of any failure by the Tenant to perform or observe the provisions of this Lease will not operate as a waiver of the Landlord's rights under this Lease in respect of any subsequent defaults, breaches or non-performance and will not defeat or affect in any way the Landlord's rights in respect of any subsequent default or breach.
This Lease will extend to and be binding upon and inure to the benefit of the respective heirs, executors, administrators, successors and assigns, as the case may be, of each Party. All covenants are to be construed as conditions of this Lease. All sums payable by the Tenant to the Landlord pursuant to any provision of this Lease will be deemed to be additional rent and will be recovered by the Landlord as rental arrears.
Where there is more than one Tenant executing this Lease, all Tenants are jointly and severally liable for each other's acts, omissions and liabilities pursuant to this Lease. Locks may not be added or changed without the prior written agreement of both Parties, or unless the changes are made in compliance with the Act. Headings are inserted for the convenience of the Parties only and are not to be considered when interpreting this Lease.
Words in the singular mean and include the plural and vice versa. Words in the masculine mean and include the feminine and vice versa. This Lease may be executed in counterparts. Facsimile signatures are binding and are considered to be original signatures.
This Lease constitutes the entire agreement between the Parties. During the last 30 days of this Lease, the Landlord or the Landlord's agents will have the privilege of displaying the usual 'For Sale' or 'For Rent' or 'Vacancy' signs on the Property. Time is of the essence in this Lease. Need Help With This Question? Document Preview About this Document. Last updated: December 1, What is a lease? What is a Residential Lease Agreement? Is a lease the same as a rental agreement? Who needs a Residential Lease Agreement?
For example, the following individuals or organizations will find this document useful: Homeowners looking for a temporary tenant Individuals who own a rental property Tenants moving into a new place Property managers and tenant placement services Landlords renting a home to family or friends Individuals who want to rent with an option to purchase.
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