Residential Lease Agreement

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RESIDENTIAL LEASE/RENTAL AGREEMENT

1.         PARTIES

This Residential Lease/Rental agreement (this “Lease”) made the _____ day of _____________, 200__ by and between The Properties at __________, LLC, a _________ company  (hereinafter “LANDLORD”) who is the owner of the below described premises and RESIDENT _______________________________________________ (herinafter “RESIDENT”).  For, and in consideration of the mutual covenants herein, LANDLORD does lease/rent to RESIDENT and RESIDENT does hereby lease/rent from LANDLORD for residential use those premises located at:

______________________________________________________________________________

Building                                    Street Address                                                 Unit No.

______________________________________________________________________________

City                              State                                                                Zip

(Hereinafter ‘PREMISES”) under the terms and conditions which follow.

2.         RIGHT TO RELOCATE

LANDLORD reserves the right to relocate RESIDENTs residing in housing units due to construction and renovation, or habitability conditions.  LANDLORD agrees to provide RESIDENT with a 60-day advance notice.  Relocations directed by LANDLORD will be at no cost to RESIDENTs, except for relocation due to habitability deficiencies caused by the acts of the RESIDENT or their guests and invitees; in such event, RESIDENT shall pay for relocation expenses, in addition to the cost to repair any habitability deficiencies.

3.         TERM

The TERM of this agreement shall begin ______________________________ and end on _____________________________.  RESIDENT hereby recognizes he/she is obligated to pay rental for the full term, unless earlier terminated in accordance with the last sentence of this paragraph, or as provided below under “Military Agreement”.  In the event that RESIDENT shall hold over after expiration of the term, the occupancy shall be deemed a month-to-month tenancy at the same rental rate as member’s current BAH.  On a holdover tenancy, RESIDENT shall be bound by all the terms, covenants, and conditions of this agreement, so far as applicable.  Unless a new lease or Lease extension is executed, after one (1) year, RESIDENT may terminate tenancy with a thirty (30) day written or electronic notice to LANDLORD’s legal address as provided herein.

4.                  RENT