Trellis Apartments 1/5/2023 - Laserfiche WebLink

LEASE CONTRACT BUY-OUT AGREEMENT NAA 1. D%VELI.ING UNIT DESCRIPTION. Unit No. 31A 2206 SW 352nd Street SA (street address) m Federal Wav Washington, 98023 (zip cock). 2. LEASE CONTRACT DESCRIPTION. lease Contract Date: January 5, 2023 tht ner s name: Trellis Apartments Residents (fist all residents) * EVERETT, CITY OF 3. the purpose of this Buy -Out Agreement is to give you the right to buy out of your Lease Contract early —subject to any special provisions In paragraph 9 below. In order to buy out early, your notice must be signed by all residents listed in paragraph 1 ni the Lease Contract :ind von rnus( rompv with as provisions of this Buy -Out Agreement. 4. BUY-OUT PROCEDURES. You may buy out of the Lease (contract prior to the end of the (ease term and cut off all liability for paying t ent for the remainder nftiic lease term it all of the following occur: (al you give us written notice of buy -suit at least 20 days poor to the new termination date (i.e., you; new move -out date), which (check one) J must be the last day of a month or XJ may be during a month tit no number is. entered, then the default is 30 days notice) (b) you specify the new termination date in the notice. Le. the date by which you'll move out, you are not in default under the Lease Contract on the date you give us the notice of buy-out you are not in default under the Lease Contract on the new termination date (move -out date), you move out on or before the new termination date and do not bold over; you pay us a buy-out fee (consideration) of $ 6284.00 (9) you pay us the amount of any concessions von received when signing the Lease Contract on the date that you give notice to buy out, (h) you are current in the payment of rent and all other amounts owing under the lease through the termntatmg date; you comply with any special provisions in paragraph 9 below, and it you choose to exercise the buy-out provision, and the unit re -rented at any time, you understand and agree that you are not eligible for nor will receive any ref and of any portion of the buy-out fee. (rl (d (e) (1) ()) 11ArIOMAI A►AAUIEMW 120M11101 5. WHEN PAYABLE. The huy-out tee in paragraph 4(f) is due and payable no later than 20 days atter you give us our buy-out notice. If no number is written trig the default shall be sever, (7) clays. The total dollar amount of any uricesstons regarding rent or other monetary lease obligations for the entire lease term is S 0.00 and is due payable on the same day as the buy-out tee, subject to any special provisions in paragraph 9 regarding the amount, calculat ton method, or payment date 6. SHOWING UNIT TO PROSPECTIVE RESIDENTS. After you gixe us notate of bay -oat, the Lease Contract gives us the right to begs; show ing your unit to prospective residents and telling thcnt it will he available immediately after your new termination date 7. COMPLIANCE ESSENTIAL. Our deposit o1 all amounts due under paragraphs 4(f) and 4(g) constitutes our approval of the new termination date stated in your notice of buy-out. If ou tad to tnmply with any of the procedures or requirements nt this agreement atter we deposit such monies. your buy-out right and thus agreement w ill be voided automatically, and (1) any amounts you have paid under this agreement will become part of your security deposit. and (_) the lease will continue without buy-out. Than, if you move out early, you are subject to all lease remedies, including reletung fees and liability for all rents for the remainder of the original lease term. 8. MISCELLANEOUS. if moving out hI the new termination elate becomes a problem, tot you, c intact us. An extension may be possible if we have not already relet the dwelling umt to a successor resident. We and any successor residents who may he leasing your unit w ill be i el,. mg on your moving out on or before the new termination date.'1'herefore. you may not hole civet beyond such date without rnir written consent —even 11 it means you have to make plans for temporary lodging elsewhere.' Default"' as used in paragraphs 4(c) and 40) of tins agreement means default as defined in the Lease Contract. You will continue to be liable toany damages and any smuts deer CHIT and unpaid prior to the new- termination date 9. SPECIAL PROVISIONS. Your right of buy-out (Check one) J is or xl is not limited to a particular fact situation. If limited, buy-out may be exercised only lithe follow ing facts (see below) occur and any described documents are furnished to us. Any special provisions below will supersede any conthcun.g provision of this printed agreement. Any false statements of documents pi esented to us regarding buy-out will automatically void your right to buy-out of the Lease Contract. The special provisions are l'ite I n1 2 Zaits.tiztiirms1 Ilk.-11r/11ld,WA4Irri tvn