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Residential Lease Agreement Page 2 <br />G E N E R A L T E R M S <br />1.LEASE OF PREMISES. Landlord agrees to lease to Tenant the House (the “Premises”) as shared living <br />space with other tenants. The Premises is on the real property located at the House Address in Section 3 <br />of the Specific Terms (the “Property”). <br />2.RENT. The monthly rent shall be the amount set forth above in Section 5 of the Specific Terms, <br />payable on or before the first day of each month to Landlord at the Address for Rent in Section 9 of the <br />Specific Terms, or as otherwise directed by the Landlord. Tenant shall pay the first full month’s rent <br />concurrently with the execution of this Lease. If Tenant remains on the Premises after the expiration of <br />the initial Lease Term in Section 4 of the Specific Terms, then, to the extent permitted by law, Landlord <br />may increase the monthly rent upon 60 days’ written notice to Tenant and the other provisions of this <br />Lease shall continue to apply. <br />3.UTILITIES. Tenant shall pay for all utilities for the Premises during the term of this Lease, including, <br />without limitation, gas, electricity, telephone, water, sewer, waste disposal, cable TV and Internet and the <br />security system if such a system is installed in the Premises and Tenant, at its sole expense, activates the <br />system. If the bills for any utilities are delivered to Landlord, Landlord shall forward the bill to Tenant and <br />Tenant shall pay such bills in full prior to the date that each is due. If Tenant does not make such payment, <br />Landlord may pay such bill from the Security Deposit and upon demand Tenant shall pay Landlord the <br />amount necessary to restore the Security Deposit to its original balance. Failure by Tenant to pay the <br />amounts due for any utility three (3) times during any twelve (12) month period, shall be a breach of this <br />Lease entitling Landlord to exercise all of its rights and remedies available under law for such breach, <br />including, without limitation, the right to terminate this Lease. <br />4.LATE CHARGE/RETURNED CHECK CHARGE/REPLACEMENT KEYS <br />4.1 Any rent received after the 14th day of the month will be considered delinquent and <br />charged an additional $25.00 late fee plus $5.00 per day for every day thereafter until paid in full, to a <br />maximum of $150.00 for each delinquent monthly rent payment. <br />4.2 A $50.00 fee, plus any applicable late fees, will be charged for a check returned for <br />insufficient funds or any other reason by Tenant’s bank. <br />4.3 A $50.00 fee will be charged to replace keys. <br />5.SECURITY DEPOSIT AND RECEIPT. Landlord acknowledges receipt of Tenant’s Security Deposit in the <br />amount specified in Section 6 of the Specific Terms as a deposit for all purposes including unpaid rent, <br />damage, cleaning, late payment, utilities, keys and other charges. Tenant’s liability is not limited by the <br />amount of the Security Deposit. Landlord shall have the right to proceed against Tenant to recover sums <br />(exceeding the amount of Tenant’s Security Deposit) for cleaning, painting, or repairs to the Premises or <br />replacement of lost or missing items for which Tenant is responsible, together with any reasonable <br />attorneys’ fees as provided by law. <br />6.REFUND OF DEPOSIT. Any refund of Tenant’s Security Deposit is subject to the terms and conditions <br />of this Lease. Tenant understands that all or a portion of the Security Deposit may be retained by Landlord <br />upon termination of the tenancy and that a refund of any portion of the Security Deposit to Tenant is <br />conditioned as follows: <br />6.1 Tenant shall have cleaned and restored the Premises to their condition at the <br />commencement of this Lease (less normal wear and tear), as evidenced by the Inspection Report, attached <br />hereto as EXHIBIT A, signed by Tenant prior to occupancy. Tenant agrees to have carpets cleaned to <br />professional standards or request Landlord to do the same at Tenant’s expense, at the termination of the <br />tenancy.