This is only an overview of the terms and conditions.
The actual Rental Agreement may be more specific and contain additional
1. RENTAL AGREEMENT:
Renter and the Owner will sign a Rental Agreement which contains the
terms and conditions of the Lease.
Lease will be on a month-to-month basis, unless a specified period
is negotiated between the Renter and Owner.
Lease will be in effect from the date the Rental Agreement is signed
by both the Owner and Renter, and will be automatically renewed the
first day of every month thereafter, until the end of the Rental Period
or unless the lease is terminated sooner.
Security & Damage Deposit of $500 is due at the time the Renter
is accepted by the Owner, which may be before the Rental Agreement
security deposit will be refunded after Renter vacates the unit if:
(a) the unit has been vacated in acceptable condition,
(b) if there has been no damage, and
(c) if none of the unit's contents is missing. An inventory of the
unit's main contents will be made at the time of rental and verified
by both Renter and Owner.
Owner has sole discretion to determine whether, and how much of, the
security deposit will be applied to recoup damages to or losses from
charges will not be limited to the amount of the deposit if the damage
or loss exceeds the deposit amount.
deposit may not be applied toward the last month's rent.
Please see item #9, KEY, below for an additional deposit for keys.
is due on or before the first day of each month, and becomes delinquent
after the tenth calendar day. Rent can be prorated if the lease begins
after the first day of a month. Thereafter, it will be due on the
first day of the month.
the 10th day of the month, a delinquency surcharge of $30 will be
added to the rent.
lump sum payment in advance for the lease period is acceptable.
may be paid by check or cash
If a month's rent will be late as a result of extreme or unusual circumstances,
Renter must make arrangements within the first ten (10) days of the
month for approval to delay rental payment. If the reason is acceptable
to the Owner, Renter will not be charged a late fee.
dogs or cats or other pets are allowed in the unit, even temporarily.
Renter is found to have, or have had, an animal on the premises, he/she
will be given a seven- (7-) day notice to vacate and will be billed
a $50.00 cleaning fee.
must be informed to leave their animals and pets elsewhere.
feeders are not permitted to be attached to the building.
In exceptional circumstances, the Owner may allow a pet, but it will
require an extra, non-refundable deposit from the Renter.
PROHIBITED OR RESTRICTED ACTIVITIES:
is expected to comply with the 1300 University St. Condominium Association's
House Rules, a copy of which will be given to the Renter upon occupancy.
These Rules are quite standard and reasonable.
Renter breaks or ignores the House Rules, as well as other common
standards of acceptable behavior (see example in parentheses below),
such breaches will be grounds for eviction within seven (7) days.
(EXAMPLE: excessive noise or disruptive conduct is not permitted.
The loud playing of television sets, radios, stereo systems, moving
of furniture, bouncing balls, loud talking/laughing on the balcony,
etc., can create a problem for surrounding residents of the building
and close-by buildings.)
is no smoking allowed in the condo (including on the balcony).
This applies to the Renter and any guests at the condo. Smoking
in the condo will be grounds for immediate eviction. After expiration
of the rental period, any evidence found that the Renter has smoked
on the premises, or allowed others to smoke, will result in a forfeit
of $100.00 from the Renter's Security & Damage Deposit.
Owner does not assume liability for loss, damage, or theft of personal
property or negligence of the occupant of the unit.
Renter is advised to obtain renter's insurance to protect his/her
property and/or liability
sewer and garbage costs are paid by the Owner. Telephone service
and electricity are provided, but subject to the following limitations:
distance calling is not included, so the renter will have to use a
prepaid long-distance phone card or his/her cell phone for that type
is expensive so to encourage the Renter to conserve (turn off lights,
turn off heat when not in the condo, use dishwasher only when full,
wear warm clothing indoors, etc.), the Owner will pay for electricity
up to a maximum of $40.00 per month. Any usage over that amount will
be billed to the Renter and added to the following month's rent, or
deducted from the Security & Damage Deposit if the electricity
bill arrives after the last month's payment has been made. [NOTE:
In 2008, the electricity ranged from approximately $12/month in the
summer to a high of approximately $40/month in the coldest winter
electricity excess charges due from the Renter that remain unpaid
at the end of the Renter's occupancy will be deducted from the Security
and Damage Deposit.
keys to the building and the unit are the property of the Owner and
must be returned. There is a $100 key deposit to ensure the return
of the keys.
keys must be reported to the Building Management as soon as possible
after the loss is discovered. The door locks will be changed and the
Renter billed for the cost of the new lock(s) and keys. No refunds
will be made for keys that are later located.
ACCESS TO THE STUDIO UNIT:
Condo Association reserves the right to have internal and external
contractors perform services to the condo units during normal working
hours, as needed.
in cases of emergency, the Renter will be given 48-hour's notice if
the Owner or others with official business need to access the unit.
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