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LEASE AGREEMENT

 

 

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LEASE AGREEMENT

PROPERTY:   

                        Richmond, IN  47374

 

TENANTS:     

  

TERM OF LEASE BEGINS ON: 

TERM OF LEASE ENDS ON:      

DATE OF AGREEMENT:                       

WITNESSETH:

 LANDLORD (JLC Properties, LLC) lease the above property for the term shown to TENANT for and in consideration of the following covenants: 

1) Tenant(s) agree to pay rent in the sum of            dollars ($      .00) each month for the term of the lease.  Tenant agrees that rent payments are due the first day of each month.           

2) The rent shall be mailed to JLC Properties, LLC, 3122 Ailsa Craig Ct., Ann Arbor, MI 48108 or to any future address stipulated, in writing, by the Landlord.

 3) Tenant shall be charged a late fee of $25.00 if the rent payment is not postmarked by the fifth day of each month.  If the Tenant fails to make payment by the fifth day of each month, the Landlord, at his option may give written notice to the Tenant that he/she shall have ten (10) days to vacate the property. 

4) No pet may be kept on the premises except those disclosed on the rental application without written permission from the Landlord.

 5) Tenant shall keep the premises in such repair as the same are at the commencement of the term of the lease or may be put in by the Landlord during the continuance thereof, reasonable use and wear excepted.  Provided, however, that the Tenant shall promptly advise Landlord of the need for any repairs required to be performed by the Landlord pursuant to paragraph (6) of this lease.

 6) Landlord will provide for all exterior maintenance upon the premises and all inside maintenance except in the case of negligence on the part of the Tenant.  Landlord will cause all said repairs and/or maintenance to be done in a timely manner.  In case of an emergency that may cause substantial damage or injury, the Tenant shall call for needed services (e.g. plumber) when the Tenant is unable to contact the Landlord or his agent. 

7) Tenant will be responsible for snow and ice removal from driveway and sidewalks.  Tenant is also responsible for mowing and care of the lawn and landscape. 

8) In the event the Tenant shall do or permit any act which amounts to a nuisance or conducts himself/herself in violation of any ordinance or law or performs any act which results in damage or destruction to the premises (intentionally or negligently) the Landlord shall have full authority to re-enter and possess himself of said property upon the giving of ten days written notice to Tenant. 

9) Tenant shall not make or permit any alterations in, or additions, to the property without the previous written consent of the Landlord.  A maximum of five nail holes per wall is allowed.

 10) Landlord shall not be liable for any injury and damage to any person or to any property at any time on said property for any cause whatever. 

11) Tenant represents that the following persons will reside in the home:  ___________________________________________.

 12) Landlord requires a Security deposit of $600.00.  The security deposit shall be held to ensure faithful performance of this agreement in all respects.  Tenant agrees to complete the “Move In/Move Out” form to record damage to the property at the beginning and end of the lease term.  Tenant expressly agrees that this damage deposit shall at no time during the lease term or any extension or renewal thereof be construed as, or be applied to, rent.  Any damage that results from the breach of this agreement may be deducted from the Security Deposit.  This includes any cleaning which may be necessary at the end of the lease to restore the property to its condition at the beginning of the lease term.  In the event that the Security Deposit is inadequate for any damage resulting from a violation of this agreement, the Landlord reserves the right to recover such damage from the Tenant.  Upon expiration of the lease, the Security Deposit, less eighty dollars ($80) for carpet cleaning and any other deductions for damages, shall be refunded within thirty (30) days after the property is vacated, and upon receipt of all keys to the property.

 13) Tenant shall not assign this lease or sublet any part of the property.

14) Landlord reserves the right to increase the rent for any extension or renewal of this lease.  No extension or renewal of this lease will be granted without a written request made to the Landlord at least thirty (30) days prior to the expiration of the current lease term.

15) Tenant is wholly responsible for each month's rent payment for the entire term of this lease.  The term of this lease may be changed only with written consent of both the Landlord and Tenant.

16) Tenant agrees to permit the Landlord, or his agents, to enter said dwelling at any time for the purpose of inspection or making repairs, and at reasonable times during the last thirty (30) days of the terms of the lease, or any renewal thereof, to show said premises to prospective renters, and to permit the Landlord, or his agents, to display on the property the ordinary "For Rent" signs during the last thirty (30) days of the terms of this agreement, or any renewal thereof.  If the property is put on sale by the Landlord, the Tenant agrees to permit the Landlord, or his agents, to enter said dwelling at any time for the purpose of showing the premises and to display on the property the ordinary "For Sale" sign.

 17) The refrigerator, range, and all window treatments are the property of the landlord.  Tenant shall provide his own washer and/or dryer if they wish to have them. 

18) In addition to the rent provided herein, the Tenant shall pay for all utilities which service said residence promptly as the same become due and will permit no lien to attach to the premises.  Tenant also agrees that all utilities will be in the Tenant’s name at the commencement of this agreement. 

19) Tenant shall be liable for maintaining insurance to cover the contents of said premises.

 20) The Landlord shall pay all real estate taxes and assessments.  The Landlord shall carry casualty insurance upon the structure only.

 

21) If the dwelling is damaged or destroyed without fault of the Lessee so as to render it untenable, and the same cannot be restored to a condition substantially as good as prior to the damage within forty five (45) days, either party may terminate this lease by giving the other written notice thereof within ten (10) days after the damage, and prepaid rent shall be refunded as of the date of the damage.  In case the dwelling is damaged so as to be partially untenable a proportionate share of the rent shall be abated until the dwelling is rendered wholly habitable.  In the event of damage to the premises and the lease is not terminated, the Landlord will as promptly as possible restore the dwelling to a condition substantially equal to its condition before the damage.

 22) Tenant agrees that Landlord has furnished and properly installed fully working smoke detectors on the premises.  Tenant shall test the smoke detectors periodically and immediately notify Landlord if a smoke detector is ever found to not be functioning properly.  Tenant agrees not to tamper with the smoke detectors, not to deactivate detectors, nor to disconnect detectors from power source.  Testing and reporting non-operating smoke detector(s) shall be the Tenants' responsibility.

 23) In the event that any covenant of this agreement shall be violated, the Landlord may terminate said agreement, upon ten (10) days written notice to Tenant.

 24) Tenant shall agree to provide the Landlord with the telephone number to the residence.    
 

25) Any written notice to the parties shall be sufficient if sent, United States Mail, first class postage prepaid to the following addresses:

  

LANDLORD                                      TENANT

 

JLC Properties, LLC                             

3122 Ailsa Craig Ct.                              

Ann Arbor, MI  48108             

Day: 734-416-7277                            Richmond, IN  47374

Night/weekend: 734-975-1175

 

26) The covenants contained herein shall extend to and be binding upon the parties hereto, their respective heirs and executors and assigns.

 IN WITNESS WHEREOF, the parties have hereunto set their hands on this date.

 

 

______________________                Signature ______________________

Joel Casterton 

for JLC Properties, LLC                            

                                                            Signature _______________________

Reference:

Richmond Power & Light            765-973-7200

Vectren Energy (Gas) Co.            800-777-2060

Indiana American Water   765-962-2541

GTE Telephone                        800-483-1000

                                                                       

 

 

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