LEASE AGREEMENT
This Lease Agreement (“Lease”) is made on 20, on the following terms and conditions:
Defined Terms: The following terms shall be defined as follows in this Lease:
“Property” means: / Address:Cincinnati, OH
“Tenant” or “you” means the following individual(s), jointly and severally: / 1. “Contact Person”
2. N/A
3. N/A
4. N/A
“Landlord” or “We” or “Us” means: / Gaslight Property LLC, an Ohio limited liability company, as agent for the owner of the Property
“Lease Term” or “Term” means: / Start Date:
End Date:
“Rent” means the following: / $ for the Term payable
in advance in () equal installments of
$ per month. Rent is composed
of the following amounts per month:
Base Rent: $
Utility Charge: $
Trash Fee: $
Pet Fee: $
TOTAL MONTHLY RENT: $
“Security Deposit” means: / $
Paid as follows:
“Late Charge” means: / $50 assessed on the 6th day of each month, additional $25 on the 11th. An additional $25 assessed on the 21st and on the 26th additional $25 added to the preceding late fees.
“Pets” means:
IMPORTANT: KEYS MAY NOT BE PICKED UP UNTIL 3:00 P.M. ON THE START DATE OF YOUR LEASE. KEYS MUST BE TURNED IN TO OUR OFFICE BY 11:59 A.M. ON THE END DATE OF YOUR LEASE. ALL UTILITIES THAT YOU ARE RESPONSIBLE FOR UNDER THIS LEASE WILL BE TURNED OFF ON THE START DATE. YOU MUST MAKE ARRANGEMENTS WITH THE UTILITY PROVIDER TO HAVE THEM TURNED ON.
1. Term. In consideration of the provisions of this Lease, we lease to you and you lease from us the Property for the Term. Note that the last month of your Term may be less than a full calendar month. In such instances, we have divided the Rent in to equal monthly installments as a convenience only and Rent will not be prorated for the final month.
If you or we wish to cancel this Lease at the end of the Term, the party that wishes to cancel must give the other party at least 30 days’ (one full calendar month) written notice prior to the end of the Term. If 30 days’ written notice is not given, the Security Deposit is forfeited.
Otherwise, this Lease will convert to a month-to-month tenancy on the same terms and conditions as this Lease, provided, however that the Rent shall increase to 110% of the Rent at the end of the Term. If Tenant does not vacate the Property by the end of the Term, prorated Rent plus $100.00 per day will be assessed for each hold-over day.
We will not discuss the terms of this Lease with any guarantor or other party on behalf of Tenant.
If we are able to give you possession of the Property before the first day of the Term and you desire to take possession of the same, you shall pay Rent equal to one-thirtieth (1/30) of the monthly installment multiplied by the number of days of the partial month. All other provisions of this Lease shall apply during that period as though the Term were extended to cover it.
If we cannot have the Property ready for you by the first day of the Term for any reason, we are not liable to you for damages, but you will not be required to pay any Rent until the Property is available. If we are not able to deliver possession of the Property to you within 30 calendar days after the first day of the Term, we or you may cancel the Lease without any further obligation and be refunded your Security Deposit.
2. Rent. You agree to pay us Rent equal to the total monthly rent amount stated at the beginning of this Lease. Rent shall be paid by check, credit card or cashiers’ check only and shall be due monthly in advance on the first (1st) day of each month of the Term, without deduction or offset unless permitted by law. Payments shall be made to Landlord at the following address: 311 Howell Avenue, Cincinnati, Ohio 45220. If this Lease is with multiple Tenants, we will only accept the full Rent amount in the form of a single payment.
If you fail to pay the Rent in full on or before the first (1st) day of the month, we may, at our option, accept a late Rent payment. If we decide at our sole discretion to accept a late Rent payment and you make your late Rent payment after the fifth (5th) day of the month, you agree to pay us, in each instance and as additional Rent, the Late Charge for our extra expenses, which amount shall be immediately due and payable.
If you pay your Rent by check and the check is returned to us for any reason, you agree to pay us, in each instance and as additional Rent, $40.00 for extra expenses.
The additional Rent payments described in the preceding two paragraphs shall be cumulative.
3. Security Deposit. You are depositing the Security Deposit with us as security for the faithful performance of the Lease. The Security Deposit will serve as a fund from which we may reimburse ourselves to compensate for unreasonable wear and tear of the Property on your part, unpaid Rent and/or fees, for cleaning of the Property, for key or lock replacement, and/or for any other amounts due and owing or that may become due and owing after the end of the Term or under other sections of this Lease, including amounts due us for damages we suffer by your failure to comply with the applicable state law. You may not use the Security Deposit as Rent.
You shall walk through the Property, complete, and return to us the move-in form that has been provided to you within seven (7) days of the Start Date. If you do not complete and return a move-in form within 7 days, we will assume that the Property is in good condition and repair and without damage. At the end of the Term, you must have the carpets in the Property professionally cleaned and present us with a receipt for the same after you have vacated the Property and prior to returning your keys to us. If the Security Deposit is insufficient to compensate us for damages we suffer, amounts due and owing to us after the end of the Term, or amounts due and owing or that may become due and owing under other sections of this Lease, you agree to pay us any deficiency within 30 days after our notice to you. If you fail to pay any amount due under this Lease, we may, in our discretion, report the same to credit reporting agencies. We reserve the right to add 2% to any balance owed after move out to help us recover our collection costs.
We agree to provide you with a written accounting of any portion of the Security Deposit that we retain. Any portion of the Security Deposit that is not used or not required shall be issued in the name of the Contact Person within 30 days after termination of this Lease if you provide us with an address to which the remainder, if any, of the Security Deposit may be sent. We will issue a joint check for the Security Deposit balance, if any, in the name of all of the Tenants only if we receive notice to do so in writing from any Tenant at least 5 business days prior to us disbursing the Security Deposit.
4. Damage and Destruction; Condemnation. If the Property is damaged, destroyed or taken by condemnation proceedings, partially or totally, we may, at our sole discretion, terminate this Lease effective on the date of casualty or condemnation. In the event that the Lease is not terminated, the Rent shall be abated in proportion to any temporary interference with your use of the Property.
5. Subordination. This Lease shall at all times be subject and subordinate to the lien of any mortgage(s) or encumbrance(s) now on the Property or that may later be placed on the Property. You further agree to execute and deliver to us any instruments that we or any lender may reasonably request to subordinate this Lease to any such mortgage or encumbrance, or to certify that we have complied with our obligations under the Lease.
6. Termination. If you vacate the Property prior to the end of the Term or do not take possession of the Property, you agree to pay, in addition to any other sums owed to us under this Lease, a termination fee equal to $ plus a forfeiture of the Security Deposit. In addition, you agree to pay the turnover costs (including, but not limited to, the costs of painting the Property, generally cleaning your Property, shampooing the carpet in Property and advertising costs relating to the reletting of the Property), and the full monthly installment of Rent payable for the last month during any part of which you occupied the Property.
7. Tenant Responsibilities; Repair and Maintenance; Surrender of the Property. You agree to comply with all applicable laws statutes, ordinances, and insurance regulations, including Ohio Revised Code § 5321.05. You shall keep the Property safe and sanitary; dispose of all rubbish, garbage and other waste in a clean, safe and sanitary manner; use and operate all electrical and plumbing fixtures properly; comply with the requirements imposed by tenants by all applicable state and local housing, health and safety codes; maintain in good working order and condition any appliance supplied by us; conduct yourself and require other persons on the Property with your permission to conduct themselves in a manner that will not disturb your neighbor’s peaceful enjoyment of their premises; and conduct yourself and require persons in your household and persons on the Property with your permission to conduct themselves so as not to violate the prohibitions contained in Chapters 2925 and 3719 of the Ohio Revised Code, or municipal ordinances that are substantially similar to any section in either of those Chapters, which relate to controlled substances.
You agree to comply with the rules and regulations of the apartment community, a copy of which is attached to this Lease and incorporated herein as Exhibit A (the “Rules and Regulations”). The Rules and Regulations may be amended by us from time to time during the Term.
You agree that the Property is now in good repair and condition, and, at the termination of this Lease, you shall deliver up and surrender the Property to us in the same order and repair as at the commencement of this Lease, normal wear and tear expected. You agree to promptly notify us of any needed repairs to the Property, which are not your responsibility under the Lease.
You agree to notify us immediately of any indication of bedbugs or other pests in the Property, and to cooperate with all activity in connection with the abatement thereof. This cooperation may include, but shall not be limited to, temporarily vacating the Property, moving furniture, clothing, or other personal items and removing carpets or rugs. Should you fail to notify us, or fail to comply with abatement procedures, you agree to be responsible for any and all costs and damages arising out of such failure or occurrence. This liability extends to all costs, expenses or damages incurred by us in treating/exterminating both the Property and other portions of the building in which the Property is located if said costs, expenses, or damages can be connected to the bugs or pests in your Property.
Any personal property or other items remaining in the Property or on the apartment building’s premises after the termination of this Lease or after you vacate the premises will be deemed to have been abandoned and we shall have the right to dispose of such property in any manner and in our sole discretion. You agree to release us from any and all liabilities, liens, claims, damages, costs, fines, penalties, suits, actions or causes of action arising from this disposal. This provision shall survive the termination of the Lease.
Tenants of single-family houses are responsible for keeping grass and weeds cut on a regular basis in accordance to city law and are responsible for any fines or fees for the failure of doing so.
Portable space heaters of any kind are not allowed on the Property.
8. Lead-Based Paint Disclosure: For dwellings built before 1978: You acknowledge that you have received the Lead-Based Paint Disclosure Statement attached to this Lease and the EPA pamphlet, “Protect Your Family from Lead in Your Home.”
9. Inspections, Alterations and Showing of Property. You agree that we may at reasonable times enter the Property to inspect it and make any repairs that we are required to make under this Lease. You may not at any time change locks or do anything to hinder our right of entry. You may not paint the Property or make any alterations to the Property without our prior written consent, which we may withhold in our sole discretion. We may, at reasonable times, show the Property to prospective residents or purchasers. Except in the case of emergency or unless it is impractical to do so, we will give you at least 24 hours’ notice of our intention to enter the Property.
10. Use and Occupancy. You shall use the Property only in a safe, careful and proper manner. You may not carry on any business, trade, or occupation in the Property or use or permit the use of the Property or any other areas of the apartment community for any unlawful or criminal purpose or for any purpose or act which will, in our reasonable judgment, adversely affect the value or quality of Property or the other areas of the apartment community. You further agree not to disturb or annoy other residents of the apartment community or the neighborhood.