Horizon Realty Advisors 8/31/2023

2.DEPOSITS: Resident shall pay herewith a damage, cleanup and security deposit of $0.00 which shall be held by the Lessor’s agent in a trust account at Washington Trust Bank, whose address is 601 Union St. Suite 4747, Seattle WA 98104 . Horizon Realty Advisors- The Verge will give written notice of any change in said depository. The deposit shall be used to compensate Lessor for unpaid rent, cleaning charges, utility bills not paid by resident through term of lease, late f ees, returned check fees, and property damage as herein provided or other charges owing to Lessor by Resident. If the security deposit is insufficient to cover Lessor’s damages and charges, Resident/Guarantor agre es to pay any deficiency on demand of the Lessor. If any portion of the deposit is used during the tenancy, Resident will replenish it upon demand. Any amounts not paid by Resident within 45 days of the due date will be sent to our collections department. Deposits are issued within 21 days of the expiration of the lease. 3.APPLICATION OF PAYMENTS: All payments made by Resident to Owner/Agent after the tenancy commences, no matter how designated by Resident, may be applied by Owner/Agent as follows; first to any outstanding amounts due Ow ner/Agent for damages/repairs, utilities, deposits, fees, etc., second to any rent outstanding from prior month; third to outstanding late charges; and last, to the current month’s rent. 4.EARLY TERMINATION OF LEASE: Early termination of this Rental Agreement is not permitted for any reason other than provided in RCW59.18.220. Upon any failure of Resident to occupy the unit for the full term, without properly assigning the rental agreement to a new prospect, Owner/Agent may charge Resident, all of the followi ng: a) all rent, unpaid fees, and other non-rent charges accrued prior to the date that Owner/Agent knew or reasonably should have known of the abandonment of relinquishment of the unit; c) interest on the above amounts at the statutory rate from the date each was due. Owner/Agent may elect to recover from Resident, instead of the above amounts, all actual damages resulting from the early termination, includ ing but not limited to: repayment of concessions; all rent through the earlier of the date the unit i s re-rent and the lease termination date; advertising and administrative costs to re-rent the unit; concessions given to re-rent the unit; the difference in rent if a lower rental rate is received from a replacement resident during the remaining term of th e original Rental Agreement; damages related to the condition of the unit, and interest on all amounts at the statutory rate. 5.ANIMALS, WATERBEDS AND MUSICAL INSTRUMENTS: No animals are allowed on the premises without a signed animal agreement and addenda by Resident and all roommates. Initial fees and animal rent may apply in accordance with state and local laws. Unauthorized animals will incur a $250 fine plus a non-compliance posting fee of $50. Waterbeds are permissible only with proper insurance and written approval by Owner/Agent. Resident will be responsible for any and all damage caused by his/her animal(s). Musical instruments are not allowed without the prior written consent of Owner/Agent. 6.OCCUPANTS: The unit will be used only for housing persons listed on this rental agreement. Residents must be approved by Owner/Agent and are subject to full screening procedures and fees. Persons other than those specifically listed on this R ental Agreement shall be strictly prohibited from staying in the rental unit for more than 10 consecutive days, or a total of 20 da ys in any 12-month period. For purposes of this section, “staying in the rental unit” means presence on the Premises for a s ubstantial amount of time, whether during the day or overnight, and shall include but not be limited to, long -term or regular house guests, live-in baby-sisters, visiting relatives, etc. Resident shall notify Owner/Agent in writing at the earlier of any time the Resident expects any guest to be staying in excess of the time limits contained in this paragraph; or when such person in fact stays i n excess of such time limits. Subsidized Residents shall be required to submit a report to the Owner/Agent identify ing any person not identified on this Rental Agreement and staying in the rental unit for more than 10 consecutive days, or 20 nonconsecutiv e days in any 12-month period, and shall state whether such person is contributing to the income of Resident and to what extent. Owner/Agent may require any person listed on page 1 as an “Other Occupant”, upon reaching the age of 18, to submit an application and screening charge to Owner/Agent, be screened and if the person meets all current screening criteria, be added to this Rental Agreement as a Resident. Failure to apply and screening charge within 10 days of Owner/Agent’s request, failure to meet the screening criteria, or failure to execute documents to be added as a Resident within 10 days of a successful screening, will be a material violation of this Rental Agreement. 7.SUBLETTING/MODIFICATION/TRANSFER OF LEASE: Subletting of Premises is not permitted. Modifying the lease agreement to add or remove a roommate is permissibly with written request from Resident and Owner/Agent written approval. Lease modifications will not be granted unless replacement resident and guarantor have been approved and paid all fees and deposits up front. Departing Residents will be responsible for paying any current balance owing and a lease assignment fee of $500. Under no circumstances will Owner/Agent be responsible for paying moving costs. Resident must obtain written approval by Owner/Agent to transfer from one unit to another. If the transfer i s approved, Resident must (a) be in compliance with all terms of this Lease; (b) execute a new lease with addenda; (c) complete all required forms; (d) pay in advance a new security deposit; and (e) pay in advance a transfer fee of $200. Owner shall have the right to require Resident to transfer to another unit, upon 5 days’ notice, if Owner determines, in its sole discretion, that transfer is warranted.