2 bed 1 bath with a small yard and out building. Stove, fridge, & dishwasher in unit. $1200 rent, water & electric included. Lawn care & routine pest control are included in the rent as well. Located just outside of town only 7 miles for Wal-Mart. Keyless door locks on the house make getting in & out easy and safe. No more worries about the last tenant having a spare key, all we have to do is change the code. The covenants, terms and conditions of this Lease are as follows: 1. Term. This Lease shall be for a term of one (1) year, beginning on _______________________ ____________________, and ending on ___________________________________________. 2. Rent. Lessee agrees to pay, without any requirement of notice or demand, to Lessor as rent for said premises the sum of $1200 per month in advance, on, or before the fifth (5th) day of each calendar month of this Lease beginning during the term of this Lease. If this Agreement is not entered into on the first day of the month, rent will be prorated and the prorated balance shall be due at the time of execution. A late charge of $50.00 will be charged on all rental payments not received in full on or before the tenth (10th) day of each month. An additional late charge of $10.00 per day will be charged for every day after the fifteenth (15th) day of each month that rent is not received by Lessor. 3. Security Deposit. Lessee hereby deposits $1200 as security, to be held by Lessor as long as Lessee occupies the leased premises. Said deposit is to be applied by Lessor toward payment of any damages to the leased premises beyond ordinary wear and tear, any expenses incurred in cleaning the leased premises, and damages resulting from non-performance of any of the covenants and conditions of this agreement by Lessee. Damages to the premises is not limited to the amount of the security deposit. At the termination of occupancy, Lessor shall inspect the premises and compile a comprehensive listing of damages to the premises that are the bases for any charge against the security deposit, and the estimated dollar cost of repairing such damages. Lessee shall then have the right to inspect the premises to ascertain the accuracy of such listing. Lessor and Lessee shall sign such listing, which signatures shall be conclusive evidence of the accuracy of such listing. If Lessee shall refuse to sign such listing, Lessee shall state specifically in writing the items on the list to which Lessee dissents, and shall sign such statement of dissent. Otherwise, Lessee shall not be entitled to recover any portion of the security deposit 4. Damage of Premises. Lessee agrees to pay Lessor for any and all damage to the premises, ordinary wear and tear excepted, including but not limited to damage to any interior and exterior walls, ceilings, floors, carpets, windows, doors, locks, hardware, plumbing fixtures, cabinets, moldings, trim, shrubbery, lawn, heating or air conditioning apparatus, stove, refrigerator, water heater, lights and any other fixtures, appliances or appurtenances of the leased premises, within fourteen (14) days after written notice by the Lessor specifying the damages and requesting that Lessee remedy it within that period. Lessee is responsible for damages caused by act or neglect of Lessee, Lessee's spouse, a member of Lessee's family, guests, invitees, or licensees of Lessee or persons in the employ or under the control of Lessee. Lessee shall obtain, at Lessee's option, insurance to cover the personal property which Lessee will place in the dwelling; however, in the event Lessee fails to obtain renter's insurance, Lessee acknowledges that Lessee shall bear the risk of loss for said personal property. Lessee further acknowledges that Lessee will indemnify and hold harmless the Lessor for any damage or losses, which may be occasioned by Lessee's occupancy of the premises. 5. Hold-Over/Renewal. Lessee shall notify Lessor in writing at least thirty (30) days prior to the expiration of this Lease of Lessee's intent to renew or not to renew this Lease. If Lessee fails to give notice as provided in this paragraph, or if Lessee continues occupancy of the premises after expiration of this Lease, but without executing a new lease, then a new tenancy from month to month shall be created, and the rental rate shall be increased ten percent (10%) from the amount listed in the original Lease Agreement. Lessee's continued occupancy of the premises shall be subject to all the covenants and provisions of this Lease, and Lessee shall abide by all such covenants and provisions for the full term of any holdover period. 6. Condition of Premises. Lessee shall maintain the leased premises in such condition and repair as is its condition at the commencement of this Lease, and shall at the termination hereof surrender the premises in the same condition and repair, ordinary wear and tear an unavoidable casualty excepted. Without the written consent of Lessor, Lessee shall not make any alterations, additions, or improvements in the premises. If any such additions or improvements are made, they shall become the property of the Lessor, except as much be otherwise agreed to in writing. 7. Acceptance by Lessee. Lessee's act of taking possession shall be conclusive evidence that the premises are in good order, repair and in a safe, clean and tenantable condition at the commencement of this Lease. Lessee has examined the premises and agrees to take them in their present condition. 8. Use of Premises. Lessee shall not: (a) Use said premises for any purpose other than as a private single- family residential unit, (b) Use or permit anything upon said premises that will invalidate the insurance on the building or increase the rate thereof, (c) In any manner deface or injure the building or any part thereof, (d) Overload the floors (waterbeds and pool tables are not permitted), (e) Permit any objectionable noise or odor, (f) Permit or create a nuisance, (g) Disturb any other residents or neighbors, (h) Smoke indoors, (i) Allow pets to be on the premises without permission for lessor, (j) have more than one vehicle per licensed driver on the premises, or (k) have any non-functioning vehicles on the premises 9. Personal Property. Lessee shall bear the risk of loss of all personal property on the premises, and Lessor shall not be liable for any damage to personal property of Lessee or theft thereof. Lessor shall not be liable for any damage to the property of Lessee. Lessor does not have insurance coverage on any of Lessee's property. The safety and security of storage facilities, if any are provided, is not the responsibility of Lessor, and Lessee is advised that property placed in storage during the term of this Lease or thereafter, is at Lessee's own risk, the execution of this Lease evidencing that Lessee has been so notified. 10. Casualty and Force Majure. If the premises are damaged or destroyed by fire or casualty to an extent that the use of the leased premises is substantially impaired, the Lessee may: (a) immediately vacate the premises, and (b) shall notify the Lessor in writing within seven (7) days thereafter of Lessee's intention to terminate the Lease in which case the Lease terminates as of the day of vacating. If the Lease is terminated by an act of God, Lessor shall return all prepaid rents and security deposits recoverable. Apportionment for rent in the event of termination is to occur as of the date of the casualty. 11. Assignment and Subletting. Without the prior written consent of Lessor, Lessee shall not assign this Lease, or sublet or grant any concession or license to use of the premises, or any part thereof. A consent by Lessor to one assignment or subletting shall not be deemed a consent to any subsequent assignment or subletting. 12. Default. If any default is made in the payment of rent, Lessor reserves the right to declare immediately and without notice this Lease in default a "breach," and Lessor may enter and take possession. Lessee here by expressly waives any requirement of written notice of non-payment of rent by Lessor. In the case of any other non-compliance by Lessee with any of the terms, covenants and conditions of this Lease, or any Rules and Regulations incorporated by reference and made part hereof, then Lessor may at Lessee's sole option terminate this Lease; or Lessor may exercise any other right or remedy available to Lessor under applicable law or this Lease. Lessee shall be liable for all loss (including loss of rents) and damage resulting from such default and/or termination. Lessor shall have the right to re-let the premises and may hold Lessee liable for any loss or damaged sustained. Upon any termination or default of this Lease, Lessee agrees to give quiet and peaceful possession of the premises to the Lessor. 13. Attorneys' Fees and Collection Costs. Lessee agrees to pay on demand all expenses for collection, including reasonable attorneys' fees and court costs, which Lessor incurs in connection with collection of rent due under this Lease or enforcement of any provision of this Lease, whether or not legal action is filed. 14. Right to Inspect. Lessor, or his agents, shall have the right to enter the dwelling unit without the consent of Lessee in case of emergency and to inspect and enter the dwelling unit as otherwise allowed when Lessor collects the rent. Additionally, Lessor reserves the right to enter into the dwelling unit at any reasonable time, with a forty-eight (48) hour notice to Lessee. 15. Abandonment. Lessee must notify the Lessor of any anticipated absence from the premises in excess of seven (7) days. Notice shall be given on or before the first day of any extended absence. Lessee's unexplained and/or extended absence from the premises for thirty (30) days or more without payment of rent as due shall be a prima facie evidence of abandonment. Lessor is then expressly authorized to enter the premises and remove and store all personal items belonging to Lessee and others. If Lessee does not claim said personalty within the aforementioned thirty (30) day time period, said personal items shall be become property of the Lessor, without the right of offset. Abandonment shall also constitute a default. 16. Notice. Service of notice between the parties as required by law or this Lease shall be mailed or delivered to the Lessee at the leased premises, or may be posted on the front door of the dwelling unit. Lessor designates himself as agent for service of any notice, which shall be sent to 121 Franklin Street, McMinnville, TN 37110. 17. Notice to Lessor of Accident or Defect. Lessee shall promptly notify Lessor in writing of any accident or defect in the plumbing system, gas pipes, electric light wires or fixtures, or heating or air conditioning apparatus, in order that Lessor may make the necessary repairs, and Lessor shall not be liable for damages due to the temporary breakdown or discontinuance of same, or any other similar conditions which now or hereafter may exist upon the premises. It is understood that Lessee shall pay for all utility services to the premises. 18. Rules and Regulations. Any Rules and Regulations established by Lessor for the leased premises are an important part of this Lease and are incorporated by reference and made part hereof. Lessee acknowledges that Lessee has received a copy of said Rules and Regulations. 19. Pets. Pets under 40 lbs. are allowed. Rent will increase $100 per month per pet, as well as a $200 non-refundable pet deposit. 20. Provisions Severable. If any provision of this Lease is determined to be invalid or unenforceable, the invalidity or unenforceability shall not affect the other provisions of this Lease, and to this end the provisions of this Lease are severable. Any such invalid or unenforceable provision shall automatically be amended and interpreted in such a manner so as to make it valid and enforceable, but keeping it as close to its original meaning as possible. 21. Entire Agreement. This Lease contains the entire agreement of the parties and shall not be affected by any agreements or representations, whether written or oral, not contained herein. This Lease shall be binding upon the parties hereto and their respective heirs, successors and assigns. 22. Gender and Number/Captions. The word "Lessee" and pronouns referring hereto shall be construed to be singular or plural, masculine, neuter or feminine, as the facts warrant. The captions of the provisions of this Lease are provided for convenience only and are not to be construed as a limitation on the applicability of any provision hereof. 23. Reservation of Rights. Failure on the part of Lessor to terminate the Lease, or recover for damages, for any default or breach shall not be considered as a waiver of Lessor's option to terminate the Lease, or to recover for damages as to any subsequent breach, the right being a continuing one.
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