600 Ninth Ave Apts 8/28/2023 (2)

600 Ninth Ave Apts COAST 4.1. First Payment. Residents agree to pay to Owner the sum of $4.770.00, due on or prior to the commencement date of the Initial Term. Unless modified by addenda, this is the total sum due at the time of execution of this Agreement. Residents acknowledge and agree that failure to make the first payment on time will be deemed a violation of this Agreement, and all remedies available to Owner under this Agreement and applicable law for such violation will be authorized. 5. PAYMENTS AND CHARGES. Owner and Residents agree that when Residents fail to pay rent on time, or when Residents make a payment that is subsequently dishonored by the financial institution upon which it is drawn, the actual cost to Owner is extremely difficult or impractical to ascertain, but the parties agree that Owner does, in the event of a late or dishonored payment, incur certain costs, including but not limited to, additional bookkeeping and administrative charges, bank charges, lost opportunity costs of the late payment. Residents agree that the late and dishonored payment charges represent a fair and reasonable approximation of the actual cost Owner is likely to suffer, and are intended to be liquidated damages. At any time that Residents are in default under the terms and conditions of this Agreement, Owner reserves the right to terminate Residents' ability to pay online and Owner may terminate access to the online payment portal. 5.1. Late Payments. Resident shall pay the total amount of rent owed on or before the 1st day of the month. If Residents fail to timely pay all rent, Owner is entitled to a late fee of $150.00 on the 6th day of the month. Residents acknowledge that payment of late charges does not constitute a license to pay rent late. Residents understand that if Residents are given a notice to pay or comply or vacate and choose to vacate the Leased Premises during the period of the notice, that Residents shall remain liable for the rent through the end of the lease term or the next month in the case of a month -to -month tenancy. Any payment after the issuance of any such notice shall be by certified check or money order only. 5.2. Dishonored Payments. If Residents make a payment that is, for any reason whatsoever, dishonored by the financial institution upon which it is drawn, Residents agree to pay to Owner, as a dishonored payment charge, the sum of $40.00 for each dishonored payment, plus any applicable late charges, until Owner receives acceptable payment. Owner reserves the right after a single dishonored payment to require that all future payments be made by certified check or money order. If or more payments submitted by Residents are, for any reason whatsoever, dishonored by the financial institution upon which it is drawn in any twelve (12) month period, Residents shall be required to pay all future rent and other charges by certified check or money order plus any and all costs required in the collection of said payments. 6. PAYMENTS. Owner is not obligated to accept any payment for rent or other charge after it is due. Except for rent, all charges are due immediately and to be paid upon Owner's demand. 7. RENT INCREASES AND CHANGES TO THIS AGREEMENT. Owner will notify Residents, in writing at least one hundred eighty (180) days before the last day of this Agreement or, in a month -to -month tenancy, at least one hundred eighty (180) days before taking effect, of: 1) any increase in rent; and 2) any increase in other periodic or monthly housing costs to be charged to Residents. The new rent amount or changes to this Agreement shall take effect on the date stated in the notice (not earlier than the advance notice required above). 8. COMMUNITY POLICIES AND CONDUCT. Residents acknowledge receipt of and agree to the terms and conditions of Owner's written policies and rules (the "Community Policies"). The Community Policies are hereby incorporated into and made a part of this Agreement. Residents are responsible for informing and ensuring the compliance of all Occupants and guests to this Agreement and the Community Policies. Upon thirty (30) days written notice, Owner may make changes to the Community Policies, which will go into effect upon completion of the then current term of this Agreement. The new Community Policies will take effect after the current lease term expires, or in a month -to -month tenancy, at the end of the next calendar month after notice is given. Residents agree to keep the Leased Premises in a clean and sanitary condition and use the common areas and recreational facilities in accordance with this Agreement, the Community Policies, and posted signs. Residents agree not to harass, annoy, or endanger any other resident or person, or create or maintain a nuisance, or disturb the peace or solitude of any other resident, or commit waste in or about the Leased Premises. Residents are responsible for the conduct of any members of their household, Occupants, or guests while present at the Residential Community. Residents further agree not to harass, verbally abuse, denigrate or otherwise disrespect Owner's employees, agents and/or contractors or interfere with Owner's business operations. Failure to abide by this policy may result in the termination of this Agreement. 8.1. Exclusion from the Residential Community. Owner has the right to exclude guests and other non -Residents who refuse to identify themselves as a guest of a specific Resident or who, in Owner's judgment, are disruptive, have violated the law, or violated this Agreement or the Community Policies. 9. MULTIPLE RESIDENTS OR OCCUPANTS. Residents will be in material breach of this Agreement if any Resident, CI Initial: COE Residential Lease Contract - Seattle (WA), Certified Does TM - Rev. 03/2023 3 cgoo LEASE CONTRACT V &fa