This charming two-story home is located near Pensacola's historic downtown, offering both convenience and a taste of local culture. The property features 2 bedrooms, 2.5 baths, and includes a spacious walk-in closet, along with both a tub and shower for added comfort. The updated kitchen boasts a sleek marble island, perfect for cooking or entertaining, and a cozy fireplace adds warmth to the living space. You'll also enjoy the convenience of a double garage, new hardwood floors, a water filter system, and access to a community pool. This is a perfect blend of modern amenities and historic charm. ARTICLE I TERMS 1.1. Leased Premises. The Lessor hereby leases to the Lessee the unit known as 531 N. Spring Street, Unit 3, Pensacola, FL 32501, more particularly described on Exhibit A, together with the following appliances: air conditioner, dishwasher, hot water heater, HVAC, microwave, oven, refrigerator, stove, washer, and all other appliances in the home at the commencement of this Lease (the "Leased Premises"). Additionally, the Lessor grants the Lessee nonexclusive use to the common areas associated with the Leased Premises, subject to all rules and regulations applicable to such areas. 1.2. Condominium. Lessee understands that the Leased Premises is located in a condominium and therefore the Lease and all of Lessee's rights under the Lease are subject to all terms of the governing documents for the condominium, including without limitation, the condominium declaration, the condominium rules and regulations, and the condominium association's by-laws now existing or hereafter adopted, amended, modified, or repealed (collectively, the "Condominium Rules and Regulations"). Lessee shall comply with all of the Condominium Rules and Regulations and shall use the common facilities in accordance with Condominium Rules and Regulations. Lessee acknowledges and agrees that any violation of the Condominium Rules and Regulations by Lessee, or any of Lessee's family members, guests, agents, contractors, or invitees, shall be a default under this Lease. Lessee acknowledges receipt of and familiarity with the Condominium Rules and Regulations. 1.3. Term. The term of this Lease shall be from [date], through [date]. 1.4. Rent. The Lessee shall pay rent to the Lessor under the following conditions: 1.4.1. Rent for Term. During the Term, the total Base Rent shall be the sum of [total rent amount] Dollars ($xxxxxx.00), payable in equal monthly installments of [amount] Dollars ($xxxxxx.00). 1.4.2. Rent Due. The monthly Base Rent shall be due on the first day of each month beginning [date]. If any amount of rent is due and not paid more than five (5) days after the due date, the Lessee shall pay a late fee of One Hundred Fifty Dollars ($150.00). 1.4.3. Move-in-Money. Before moving into the Leased Premises, the Lessee shall pay to the Lessor the following amounts: 1.4.3.a. First Month's Rent. First month's rent in the amount of [amount] Dollars ($xxxxx.00); 1.4.3.b. Last Month's Rent. Last month's rent in the amount of [amount] Dollars ($xxxxxx.00); and 143.3.c. Security Deposit. Security Deposit in the amount of [amount] Dollars ($xxxx.00). 1.5. Use of Leased Premises. The Lessee shall use the Leased Premises solely for residential purposes. The Lessee shall comply with all state, county, and municipal laws and ordinances, and all covenants and restrictions affecting the Leased Premises, including but not limited to the Condominium Rules and Regulations. By executing this Lease, the Lessee acknowledges receipt of and familiarity with any covenants and restrictions affecting the Leased Premises and any common areas, as well as understanding that such covenants and restrictions may change during the Term of this Lease. 1.6. Alterations and Improvement. The Lessee shall not make any alterations or improvements to the Leased Premises without the Lessor's prior written consent. Any alteration or improvement to the Leased Premises shall be at the cost and expense of the Lessee and shall become and remain part of the Leased Premises upon the end of this Lease. 1.7. Lessor's Access to the Premises. The Lessor may enter the Leased Premises under any of the following circumstances: (a) the protection or preservation of the Leased Premises; (b) after reasonable notice to the Lessee at a reasonable time for the purpose of repairing the Leased Premises; (c) with the Lessee's consent; and (d) in the case of emergency. 1.8. No Smoking. There shall be no smoking inside the Leased Premises or outside in close proximity of the residential dwelling. 1.9. No Pets. There shall be no pets permitted in the Leased Premises at any time. [OR] Lessee shall be permitted to have one (1) pet in the Leased Premises, subject to prior written approval from the Lessor and any restrictions set forth in this Lease. The permitted pet can consist of a cat or dog, with no other types of pets being allowed on the Leased Premises. Lessee is responsible for cleaning up all pet waste, adhering to leash and local pet ordinances. Lessee shall be responsible for all damage that any pet causes, regardless of ownership, and agrees to restore the property to its original condition at their own expense. Any damage, nuisance, or danger caused by the pet may result in fines, eviction, or removal of the pet. 1.10. Guest. The Lessee shall only be permitted to have one (1) guest stay at the property at any given time and the guest may not stay more than three (3) consecutive days. The Lessee shall not have overnight guest more than twenty-five (25%) of the days during the Term of this Lease. ARTICLE II TAXES, INSURANCE, AND MAINTENANCE 2.1. Real Estate Taxes. The Lessor shall pay all taxes assessed on the Leased Premises. 2.2. Association Dues. The Lessor shall be responsible for payment of all association dues, fees, and assessments levied against the Leased Premises during the Term of this Lease, unless otherwise specified in this Lease. Any fines or penalties imposed by the association as a result of the Lessee's actions or failure to comply with these rules shall be the sole responsibility of the Lessee. 2.3. Insurance. The Lessor may, at the Lessor's sole and absolute discretion, maintain hazard insurance covering the structure of the Leased Premises during the term of this Lease. Lessee hereby acknowledges the Lessor's insurance provides no protection for the Lessee's property located in the Leased Premises. The Lessee may, at the Lessee's own cost, purchase renter's insurance covering the Lessee's personal property. 2.4. Utilities. The Lessee shall be responsible for arranging and paying for all utilities and services necessary for the Leased Premises, including but not limited to electricity, water, sewer, gas, trash removal, cable, internet, and telephone, unless otherwise specified in this Lease. Lessee shall ensure that all utility accounts are placed in their name before the commencement of the Lease Term, and remain current throughout the Term, and the Lessee shall pay all hook-up or connection charges required by reach provider. The Lessee shall not allow any utility service to be disconnected or interrupted due to non-payment, as this may constitute a breach of this Lease. The Lessee shall be liable for any damage caused by the interruption or disconnection of utility services. If the Lessor is required to pay for utilities due to Lessee's failure to do so, the amount paid, plus any administrative fees, shall be additional Rent owed by the Lessee. 2.5. Maintenance and Repairs. The Lessee shall, at their own expense and at all times, maintain the Leased Premises in a clean and sanitary manner. The Lessee shall notify Lessor of maintenance and repair requests in a timely fashion. The Lessor shall be responsible to comply with Florida Statutes regarding all maintenance and repairs. The Lessor shall be responsible for repairs to the interior and exterior of the Leased Premises. However, the repair of any damages to the property intentionally or negligently caused by the Lessee shall be at the sole cost and expense of the Lessee. If the Leased Premises includes a washer, dryer, freezer, dehumidifier unit, and/or air conditioning unit, the Lessor makes no warranty as to the repair or replacement of units if one or all shall fail to operate. The Lessor will place fresh batteries in all battery-operated smoke detectors when the Lessee moves into the Leased Premises. After the initial placement of the fresh batteries, it is the responsibility of the Lessee to replace batteries when needed. A monthly "cursory" inspection may be required for all fire extinguishers to make sure they are fully charged. 2.6. Surrender of Premises. At the expiration or earlier termination of this Lease, Lessee shall peaceably surrender the Leased Premises, broom clean and in the same condition of repair as the Leased Premises were in on the commencement date, ordinary wear and tear, and damage from fire or other casualty, excepted. At such time, Lessee shall surrender all keys for the Leased Premises to Lessor at the place then fixed for the payment of rent and shall repair any damage to the Leased Premises. Lessee's obligation to observe or perform this covenant shall survive the expiration or other termination of the Term of this Lease. ARTICLE III DEFAULT & INDEMNIFICATION 3.1. Default. If Lessor determines that the Lessee is in default of this Lease, whether for nonpayment of rent or violation of another term of this Lease, Lessor shall provide Lessee with a notice of default, and Lessee shall have three (3) days to cure the default unless otherwise provided below. If Lessee fails to cure the default within the required time frame, Lessor may immediately terminate this Lease, and Lessee shall immediately vacate the Premises and shall return the keys to Lessor. If the default constitutes a subsequent or continuing default within twelve (12) months of a written warning by Lessor of a similar violation, Lessor may deliver a written notice to Lessee specifying the default and Lessor's intent to terminate this Lease without further notice. In such event, Lessor may terminate this Lease, and Lessee shall have five (5) days from the date that the notice is delivered to vacate the premises. In addition, if this Lease is terminated pursuant to this paragraph, Lessor may, at Lessor's option, declare the entire balance of rent payable hereunder to be immediately due and payable and may exercise any and all rights and remedies available to Lessor at law or in equity. 3.2. Indemnification. Lessor shall not be liable for any damage or injury of or to the Lessee, the Lessee's property, the Lessee's family, guests, invitees, agents or employees, or to any other person entering the Leased Premises or common area, and Lessee hereby agrees to indemnify, defend and hold harmless Lessor from any and all claims or assertions of every kind and nature. This indemnification includes, but is not limited to, any damage or injury which may be incurred by the Lessee. 3.3. Casualty. In the event that the Leased Premises are damaged or destroyed by fire, storm, or any other casualty (the "Casualty"), the Lessor may promptly commence and diligently pursue the restoration or repair of the damaged portions of the Leased Premises to substantially the same condition as existed prior to the Casualty. Rent shall be abated during the period that the Leased Premises is rendered unusable by the Lessee due to the Casualty. If the Leased Premises are destroyed or damaged to such an extent that the Lessor determines, in its sole discretion, that restoring the Leased Premises is not economically feasible, Lessor may terminate this Lease by providing written notice to Lessee within thirty (30) days of the Casualty, in which case, all rent and other obligations shall be prorated and paid through the effective date of termination, and neither party shall have any further obligations under this Lease. If the Casualty is caused by the negligence or intentional misconduct of the Lessee or their guests, the Lessee shall be responsible for the costs of repair or restoration. ARTICLE IV MISCELLANEOUS 4.1. Survival. All obligations of Lessee or Lessor hereunder not fully performed as of the expiration or earlier termination of the Term shall survive the expiration or earlier termination of the Term, including, without limitation, all payment obligations and all obligations concerning the condition of the Leased Premises. 4.2. Entire Agreement. This Lease contains the entire agreement between Lessor and Lessee and supersedes all prior agreements between the Parties with respect to the subject matter of this Lease. Lessee has read this Lease and acknowledges that no representations, oral or otherwise, have been made by Lessor or any other party on Lessor's behalf except as expressly contained in this Lease. 4.3. Attorney's Fees and Cost. In connection with any litigation, including appellate proceedings, arising out of this Lease, the prevailing party shall be entitled to recover reasonable attorney's fees and costs from the non-prevailing party. 4.4. Applicable Law. This Lease shall be governed and construed in accordance with the laws of the State of Florida. 4.5. Severance. The invalidity or unenforceability of any provision of this Lease as determined by law or Court decision shall not affect the other provisions hereof. 4.6. Modification. No change or modification of this Lease shall be valid unless the same shall be in writing and signed by the Lessor and the Lessee. 4.7. Assignment. The Lessee may not assign the Lease or sublease all or any part of the Leased Premises without the Lessor's written consent. 4.8. Radon Gas Disclosure. Pursuant to Florida Statute 404.056(8), Lessee is notified: "RADON GAS: Radon is a naturally occurring radioactive gas that, when it has accumulated in the building in sufficient quantities, may present health risks to persons who are exposed to it over time. Levels of radon gas that exceed federal and state guidelines have been found in buildings in Florida. Additional information regarding radon and radon testing may be obtained from your County Public Health Unit." 4.9. Notices. All notices, demands, requests, or other instruments that are required or may be given under this Lease shall be given either in person, by nationally recognized overnight courier, or by U.S. mail, addressed at the addresses set forth in this Lease. Such addresses may be changed by either party by notice delivered as above provided to the other party. 4.10. Time is of the Essence. Time is of the essence of the performance of each Party's obligations under this Lease. 4.11. Counterparts. This Lease may be executed in counterparts and when executed by all parties shall become one integrated agreement enforceable on its terms. 4.12 Subordination. This Lease is subject and subordinate to any mortgage, deed of trust, or other lien now or hereafter placed upon the Leased Premises by the Lessor, and to all renewals, modifications, and extensions of such liens. The Lessee agrees to execute any documents reasonably requested by the Lessor or the lender to confirm this subordination. 4.13. Leins. The Lessee shall not have the right to place or permit any lien, encumbrance, or legal claim upon the Leased Premises, including but not limited to mechanic's liens, materialmen's liens, or any other liens, without the prior written consent of the Lessor. Any such lien placed by the Lessee shall be promptly discharged at Lesse's expense.
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