|
C:CWLEASE |
C & W INVESTMENT COMPANY, LLC RENTAL AGREEMENT |
92 West 5th Ave. Columbus, Ohio 43201 (614) 297-1037 www.cwinvestment.com |
10/01/08
Exhibit A
C&W INVESTMENT CO., LLC (owner) hereby leases the apartment LOCATED AT . TO (TENANTS) BEGINNING ON ENDING ON for the SUM OF $ in MONTHLY INSTALLMENTS OF $ . The first payment is due on in the amount of $ . The MOVE IN DATE is .
PAYMENTS:
Tenants agree to pay each monthly installment in advance, without demand or deduction, on or before the first day of each month. Payments are to be mailed or dropped off in the mail slot at: 92 West Fifth Ave., Columbus, Ohio 43201
A late fee of $30.00 will be charged for any rent received (postmarked or at office) on the fourth day of any month and a late fee of $60.00 will be charged for rent received (postmarked or at the office) on the eleventh day of any month. A fee of $30.00, plus late fees, will be charged for any check returned for any reason by the tenant's bank.
Failure to demand rent shall not be construed as a waiver by Owner and the necessity of a demand for overdue rent is hereby waived by Tenant. Delinquent rent is subject to legal action without notice. Tenant further agrees, if eviction proceedings are initiated, to pay a reinstatement fee of $250.00 in addition to any amount due the Owner to halt the legal proceedings and cover the administrative and processing legal cost. Anything to the contrary notwithstanding, the Owner shall not be required to accept any late charges or said reinstatement fee and may proceed with the eviction at its discretion. Payments received shall be applied in the following order first to security deposit, utilities, returned check fees, damages, late rent fees, delinquent rent and finally to current rent.
UTILITIES:
Tenants agree to pay all charges and bills incurred for gas, electric, water and sewer, telephone, etc. except for charges and bills which the OWNER AGREES TO PAY as follows . Tenants agrees to pay WATER & SEWER bill for the building or metered water and sewer for apartment. Tenants are responsible for reporting water leaks and using water in a prudent manner. The uses of air conditioners, supplemental heating units, and large appliances are prohibited unless approved by the Owner. The owner is NOT responsible for phone jacks or lines and cable installation.
When the owner pays utility cost for gas heat, tenants shall keep temperature at 68-70 degrees and use heat in a prudent manner. When owner pays for electric, the use of electric heaters or air conditioners shall be used only with the Owners written approval. Tenants using unauthorized units will be charged $50.00/mo. for each air conditioning unit , space heater or unauthorized appliance..
CONDITIONS AND RESTRICTIONS ON THE USE OF PREMISES:
The apartment shall be used only as a dwelling and for no other purpose. No trade, business or occupation shall be carried on there in nor shall the apartment be sublet or assigned, nor shall the number of occupants be increased without the prior written consent of the Owner. All adults shall sign the lease. The apartment shall not be used for any purpose that in the sole opinion of the Owner will injure the reputation or value of the surrounding community. Tenants shall keep premises in a safe, decent, and sanitary condition at all times. Waterbeds are not allowed unless the tenants obtain an acceptable insurance policy with C&W Investment the insured and written owner approval for the use of the waterbed.
PETS ARE NOT ALLOWED except as follows (type, number, description). The tenants are responsible for all damage to the premises including pest spray required for flea or other infestation , cleaning exterior common areas of pet waste, and keeping interior free of odor and pet debri. Violation of pet policies and provisions of this lease are subject to eviction should there be any major problems. The Owner may at any time request removal of pets causing problems to other tenants or damage to the premises. Owner may charge an additional $75/mo. during the time an unauthorized pet occupies the premises.
OWNERS LIABILITY AND RESPONSIBILITY:
Owner shall not be liable to the tenants or others for damages or injuries resulting from failures or accidents in the apartment or its facilities. We agree to make all repairs determined to be owner responsibility and maintain the building and apartment in a reasonably fit and habitable condition. We will not abuse our right of entry and will, except for emergency, make reasonable effort to give notice of intent to enter and enter only at reasonable times. The Owner is not responsible for any theft, loss, or damage to the tenant’s personal property. The tenant agrees that the owner is not the insurer of the tenant's person or possessions. Tenants should obtain renters insurance.
TENANTS RESPONSIBILITY:
Tenants shall: maintain premises in a safe, decent, and sanitary manner, dispose of all rubbish, garbage, and other waste in a clean, safe and sanitary manner; keep all plumbing fixtures, ranges, refrigerators, and other appliances supplied by the Owner in a clean condition; personally refrain and forbid any other person on the premises with the tenants permission from intentionally or negligently destroying, defacing, damaging, or removing any fixtures, appliances or other parts of the premises; remove snow and ice from sidewalks on the premises and stairways leading to the premises; not unreasonably withhold consent for the owner to enter the apartment to inspect, repair, deliver parcels, or show the apartment to prospective purchasers, tenants, workmen, or contractors. Tenants are responsible for tenant damage to plumbing and electrical fixtures, stopped up drains and toilets, sewer stoppage, disposal clogs, broken glass regardless of cause of breakage, blown fuses, lost keys, smoke detector batteries, maintaining clean furnace filters and any other damage caused by the tenant. Tenants will be billed for any such repairs made by the Owner or by a third party billing. Tenants shall immediately notify the Owner of any needed repairs considered the responsibility of the Owner. Under no circumstances (except major emergency), shall the tenant authorize work of any kind and expect the Owner to pay. No grilling is permitted on balconies without the Owner,s permission. Service calls for repairs by C&W Investment Co workmen shall be $30.00 minimum and $35.00/ hour.
Upon move out, C&W Investment Co., LLC expects the unit to be returned in the condition received with reasonable wear and tear accepted. Tenant(s) are responsible for returning the apartment in a clean and maintained condition. Carpets shall be professionally cleaned within two weeks prior to vacating, apartment and appliances completely clean, appliances and fixtures not damaged, and walls, floors, and ceilings in the condition received minus reasonable wear and tear. Costs in excess of reasonable wear and tear for, painting and repair of floors, walls, and ceilings, plus damage repairs and necessary cleaning to prepare the premises for rental will be paid by the tenant or deducted from the security deposit. Heavy smokers and candle burners. risk excessive damage from nicotine and soot to walls, ceilings, and fixtures. For units damaged in an amount greater than the security deposit, tenants agree to a $35/hour charge to cover extra management cost to prepare the unit for rental.
ENTRY FOR REPAIRS:
The Owner or his agents shall have right of entry to make necessary repairs at tenant request. Entry will be made at reasonable times.
CONSIDERATION OF OTHER TENANTS:
No music, noise, radio equipment, instruments, or other equipment shall be
permitted in the apartment which shall be objectionable to the Owner or to any
other occupants or adjacent neighbors. NO BANDS shall use the premises for
practice unless authorized by the Owner. No objects may be placed in halls,
entrance ways, porches, common basements or on the outside window ledges or
roofs of the apartment. NO INTERIOR FURNITURE shall be used on porches or
anywhere on the exterior premises.
EXAMINATION OF APARTMENT:
Tenants have examined and accepted the premises as habitable and satisfactory. Tenants have two weeks after entry to examine the apartment for defects and damage and formally report the findings on a move in list; otherwise the premises shall be accepted as properly clean, safe, and in good maintenance condition. The owner shall evaluate the findings and determine the need and time schedule for repairs.
SECURITY DEPOSIT:
A security deposit of $ shall be deposited with the owner to guarantee the return of the premises to the owner in the same condition as when accepted by the tenant, reasonable wear accepted as outlined in section under Tenant Responsibility. The owner shall return the deposit within 30 days after this agreement is terminated. The security deposit shall be adjusted for excessive cleaning, carpet cleaning, excessive paint touchup and repairs, damage, lost keys, or other expenses which are the responsibility of the tenant. A tenant not vacated on the agreement termination date agrees to pay a $ 100.00/day rental fee to offset costs for reinspection of the apartment, rescheduling of workmen, and additional rental charge. Paid $ __________
Due at signing $ __________
BREACH OF CONTRACT:
Each tenant that is a part of this agreement understands that they are BOTH individually and jointly liable for failure to comply with ALL terms of this agreement. In the event that any tenant violates and fails to comply with ANY part of this agreement, terms, or conditions of this agreement, said breach shall constitute grounds for termination of the agreement and or eviction by the Owner. In addition to this agreement, the tenant agrees to abide by the rules and regulations set forth in the rental application. Tenant accepts that the mere act of vacating the premises or vacating the premises as prescribed by the Ohio Revised Code does not terminate the obligation of the tenant to pay rent for the remainder of the rental period for which rent was not paid. Tenant(s) remain liable for all rent, utilities, fees, and any damages incurred through the leases prescribed by the Ohio Revised Code. A tenant who does not take possession of the premises is not relieved of any liability under this agreement. Tenant is liable for the terms of this agreement upon signing without regard to payment or nonpayment of the security deposit.
If the tenants vacate the premises prior to fulfillment of this agreement, additional charges will be assessed to cover all costs incurred by the owner in the re-rental of the apartment.
THE date of this agreement is __________ . The Owner acknowledges the receipt of $ __________ representing the security deposit.
C & W INVESTMENT, LLC (MEMBER) ___________________________________ Member is licensed realtor in the State of Ohio.
We agree with all the terms of this agreement.
1) ________________________________________ 2) ________________________________________
3) ________________________________________ 4) ________________________________________
The occupants of the apartment are limited to ADULTS and CHILDREN. Each additional occupant not approved in advance by the Owner shall result in a $100 /mo. increase in the rent starting from the beginning date of the lease. Tenant will risk total loss of security deposit, retroactive rent increase, and eviction for allowing additional unauthorized occupants in the apartment.