109 Cottondale Pl

Lease terms

RESIDENTIAL LEASE AGREEMENT This Lease Agreement ("Lease") is dated ____________ by and between ________________ ("LANDLORD") and _______________ ("TENANT's"). The parties agree as follows: 1. PREMISES. LANDLORD, in consideration of the Lease payments provided in this Lease, leases to TENANT's (the "Premises") located at __________________________________________ 2. TERM. The Lease term will begin on ___________ and will terminate on ______________. Tenants shall give a 30-day notice regarding not renewing the Lease. LEASE PAYMENTS. TENANT shall pay to LANDLORD a lease payment of $ x 12 months upon signing this Residential Lease Agreement in advance of or on 2026. Payments shall be made in certified funds (cashier's checks or direct deposit) to the LANDLORD's bank account. If Tenet breaks the lease, HE/she will pay the two months' rent. Lease payments shall be made to Name &Address of Landlord, which may be changed from time to time by LANDLORD. SECURITY DEPOSIT. At the time of the signing of this Lease, TENANT shall pay to LANDLORD, in trust, a security deposit of $ to be held and disbursed for any TENANT's damages to the Premises or other defaults under this Agreement (if any) as provided by law. LANDLORD will return deposit, after damages, within 30 days of the tenants vacating the premises. POSSESSION. TENANT's shall be entitled to possession on the first day of the term of this Lease and shall yield possession to LANDLORD on the last day of the term of this Lease, unless otherwise agreed by both parties in writing. At the expiration of the term, TENANT's shall remove its goods and effects and peaceably yield up the Premises to LANDLORD in as good a condition as when delivered to TENANT's, ordinary wear and tear excepted. USE OF PREMISES/ABSENCES. TENANT's shall occupy and use the Premises as a dwelling unit. TENANT's shall not use the Premises for business purposes, nor shall TENANT's conduct illegal activities, posses or store firearms or illegal items, or other substances on the Premises. TENANT's shall notify LANDLORD of any anticipated extended absence from the Premises not later than the first day of the extended absence. OCCUPANTS. No more than 2 adult and 2 child may reside on the Premises unless the prior written consent of the LANDLORD is obtained. PARKING. Tenants have access to 1 parking space with an attached Car Garage in the Premises. And I over follow parking with Over Flow Tag. Landlord will provide Over Flow Tag . ( For over Flow Tag $ 50 non-refundable Fee needs to be deposited.) Tenent should comply with parking rules if they do not comply, they will be responsible for their vehicles. Back Yard Shade is not included with the rent. The tenant can not use that. Only the Lanlord and Landlord Authorised person can use that. PERSONAL PROPERTY. No rights of storage are given by this agreement. The LANDLORD shall not be liable for any loss of personal injury or property by fire, theft, breakage, burglary, or otherwise, for any accidental damage to persons, guests, or property in or about the leased property resulting from electrical failure, water, rain, windstorm, or any act of God, or negligence of LANDLORD, or LANDLORD's agent, contractors, or employees, or by any other cause, whatsoever. TENANT's covenants and agrees to make no claim for any such damages or loss against LANDLORD, but to purchase needed "renters' insurance" in adequate amounts to offset any risk. TENANT's agrees to list LANDLORD as "additional insured" on their insurance policies. KEYS. TENANT's have been given 2 keys to the front door of the Premises. If all keys are not returned to LANDLORD following termination of the Lease, TENANT's shall be charged $30.00 per key. UTILITIES AND SERVICES. TENANT's WILL BE RESPONSIBLE FOR PAYING ALL UTILITIES. LANDLORD will be responsible for paying the Homeowner Association fees and trash collection fee. TENANT's will maintain the premises in a clean and sanitary condition and disposing of all trash, and abide by all Homeowner Association TENANT'S Initials _________ __________ provisions and bylaws. TENANT will be responsible for any negligence in use of appliances, equipment, and systems. TAXES. Taxes attributable to the Premises or the use of the Premises shall be allocated as follows: REAL ESTATE TAXES. LANDLORD shall pay all real estate taxes and assessments for the Premises. LANDLORD shall pay all personal taxes and any other charges which may be levied against the Premises, along with all sales and/or use taxes (if any) that may be due in connection with lease payments. CONDITION OF PREMISES. TENANT's agree that TENANT's have examined the Premises, including the grounds and all buildings and improvements, and that they are, at the time of this Lease, in good order, good repair, safe, clean, and tenantable condition. REPAIRS. TENANT's will be responsible for the first $200 of any minor repairs, landlord will be responsible for major repairs such as HVAC, Appliances etc. Before any repair is made, the TENANT's will give LANDLORD written dated notice of the problem needing repair. The TENANT's should keep a copy as a record of notification. MAINTENANCE. The LANDLORD shall have the responsibility to maintain the Premises to satisfy any implied warranty of habitation. PLUMBING. TENANT shall be responsible for clogged commodes, sinks, and all plumbing repairs caused by TENANT's, TENANT'S family, or visitors. ANTENNAS OR SATELLITE. TENANT's shall not install, or cause to be installed, or attach to the building, any antenna or satellite without the consent of LANDLORD. WATERBEDS. TENANT's shall not install, or cause to be installed waterbed(s) in Premises without written consent of LANDLORD. PETS OF ANY KIND. TENANT's shall not have any animal, bird, fish or reptile, of any kind, brought into the Premises without the written consent of LANDLORD. REMODELING OR STRUCTURAL IMPROVEMENTS. TENANT's shall be allowed to conduct construction or remodeling (at TENANT'S expense) only with the prior written consent of the LANDLORD. At the end of the lease term, TENANT's shall be entitled to remove (or at the request of LANDLORD shall remove) any such fixtures and shall restore the Premises to substantially the same condition that existed at the commencement of this Lease. DANGEROUS MATERIALS. TENANT's shall not keep or have on the Premises any article or thing of a dangerous, flammable, or explosive character that might substantially increase the danger of fire on the Premises, or that might be considered hazardous by a responsible insurance company, unless the prior written consent of LANDLORD is obtained, and proof of adequate insurance protection is provided by TENANT's to LANDLORD. LIQUID FILLED FURNISHINGS. No liquid filled furniture, receptacle containing more than ten gallons of liquid is permitted without prior written consent and meeting the requirements of the LANDLORD. TENANT's shall carry insurance deemed appropriate by LANDLORD to cover possible losses that may be caused by such items. Lawn maintanance TENANT will properly take care Lawn front and Back yard by his/her OWN expenses. Tream all the bushes and cut and water the Grass on a Regular Basis. TENANT'S RESPONSIBILITIES AND DUTIES. In compliance with applicable State law, TENANT's covenants: 1. To not cause any damage to the Premise beyond normal wear and tear, TENANT's will be responsible for the cost of any such repair. 2. To properly use and operate all electrical, gas and plumbing fixtures and keep them as clean and sanitary as their condition permits. 3. To make all maintenance items inherent in the occupation of any property such as: changing light bulbs and batteries in smoke detectors, resetting circuit breakers and ground fault interrupter (GFI) switches, relighting pilot lights, changing furnace filters, replacing chains and flapper valves in toilets, clearing clogged garbage disposals. 4. Not to deposit any substance in the toilets, sinks or bathtubs which may block the same and to clear any blockages in the said sanitary installments, drains and external pipes caused by everyday use or by any negligent act or omission of the TENANT's or the TENANT's guests. 5. To keep and leave clean and in good order and condition the interior of the Premises including the windows, doors, fixtures and fittings (normal wear and tear expected). 6. To not add locks to, or changing or in any way altering locks installed on the doors of the property without written permission of the LANDLORD. 7. To not use large nails, screws, or adhesive hangers except standard picture hooks, shade brackets and curtain rod. 8. To have on-going pest control services if needed. 9. To maintain and clean leaves and any other materials from gutters, downspouts and roof. 10. To perform routine yard maintenance, this includes but not limited to mowing the grass, weeding and maintaining any landscaping beds. TENANT'S Initials _________ __________ TENANT will be held responsible for any damage caused by lack of water, abuse, or neglect. 11. To remove snow from the sidewalk, and entrances within 24 hours of snowfall. 12. To prohibit the following items from being in the dwelling: motorcycles, auto parts, gaming tables, illegal drugs or paraphernalia, and stolen property. 13. To not keep any non-operative vehicles in the parking lot. 14. Not to permit any person on the premises, with his permission, to willfully or wantonly destroy, deface, damage, impair or remove any part of the structure or dwelling unit or the facilities, equipment, or appurtenances thereto, nor himself do any such thing. 15. To maintain the Property in as good of state as he finds it, reasonable wear and tear expected. TERMINATION UPON SALE OF PREMISES. Notwithstanding any other provision of this Lease, LANDLORD may terminate this lease upon 30 days' written notice to TENANT's that the Premises have been sold. HABITABILITY. TENANT has inspected the Premises and fixtures (or has had the Premises inspected on behalf of TENANT) and acknowledges that the Premises are in a reasonable and acceptable condition of habitability for their intended use, and the agreed lease payments are fair and reasonable. DISPLAY OF SIGNS. During the last three months of this Lease, or any extension of this Lease, LANDLORD or LANDLORD's agent may display "For Sale" or "For Rent" or "Vacancy" or similar signs on or about the premises and enter to show the premises to prospective purchasers or tenants. DEFAULTS. TENANT shall be in default of this Lease if TENANT fails to fulfill any lease obligation or term by which TENANT's are bound. Subject to any governing provisions of law to the contrary, if TENANT's fail to cure any financial obligation within 5 days (or any other obligation within 10 days) after written notice of such default is provided by LANDLORD to TENANT's, LANDLORD may take possession of the Premises without further notice (to the extent permitted by law), and without prejudicing LANDLORD'S rights to damages. In the alternative, LANDLORD may elect to cure any default and the cost of such action shall be added to TENANT'S financial obligations under this Lease. TENANT's shall pay all costs, damages, and expenses (including reasonable attorney fees and expenses) suffered by LANDLORD by reason of TENANT'S defaults. All sums of money or charges required to be paid by TENANT's under this Lease shall be additional rent, whether such sums or charges are designated as "additional rent". The rights provided by this paragraph are cumulative in nature and are in addition to any other rights afforded by law. LATE PAYMENTS. For payment that is not paid within 5 days after its due date, TENANT's shall pay a late fee of $100. Failure of the TENANT to pay any and all late charges shall be a material breach of the terms and conditions of this lease. LANDLORD, at LANDLORD'S option, may end this lease agreement in writing to TENANT. TENANT shall have no further right of possession to the Premises. HOLDOVER. If TENANT maintains possession of the Premises for any period after the termination of this Lease ("Holdover Period"), TENANT shall pay to LANDLORD lease payment(s) during the Holdover Period at a rate equal to 150 % of the most recent rate preceding the Holdover Period. Such holdover shall constitute a month-to-month extension of this Lease. CUMULATIVE RIGHTS. The rights of the parties under this Lease are cumulative and shall not be construed as exclusive unless otherwise required by law. INSPECTION. Subject to TENANT'S consent (which shall not be unreasonably withheld), LANDLORD shall have the right to enter the Premises to make inspection of the Premises. ACCESS BY LANDLORD TO PREMISES. Subject to TENANT'S consent (which shall not be unreasonably withheld), LANDLORD shall have the right to enter the Premises to provide necessary services, or show the unit to prospective buyers, mortgagees, TENANTS or workers. However, LANDLORD does not assume any liability for the care or supervision of the Premises. As provided by law, in the case of an emergency, LANDLORD may enter the Premises without TENANT'S consent. INDEMNITY REGARDING USE OF PREMISES. To the extent permitted by law, TENANT's agree to indemnify, hold harmless, and defend LANDLORD from and against any and all losses, claims, liabilities, and expenses, including reasonable attorney fees, if any, which LANDLORD may suffer or incur in connection with TENANT'S possession, use or misuse of the Premises, except LANDLORD'S act or negligence. EMINENT DOMAIN OR CONDEMNATION. If Premises is condemned for any reason, this lease agreement may end on the date certain the ownership was transferred to the condemner. COMPLIANCE WITH REGULATIONS. TENANT's shall promptly comply with all laws, ordinances, requirements and regulations of the federal, state, county, municipal and other authorities, and the fire insurance underwriters. However, TENANT's shall not by this provision be required to make alterations to the exterior of the building or alterations of a structural nature. TENANT'S Initials _________ __________ MECHANICS LIENS. Neither TENANT's nor anyone claiming through the TENANT's shall have the right to file mechanics liens or any other kind of lien on the Premises and the filing of this Lease constitute notice that such liens are invalid. Further, TENANT's agrees to (1) give actual advance notice to any contractors, subcontractors or suppliers of goods, labor, or services that such liens will not be valid, and (2) take whatever additional steps that is necessary in order to keep the Premises free of all liens resulting from construction done by or for the TENANT's. SUBORDINATION OF LEASE. This Lease is subordinate to any mortgage that now exists, or may be given later by LANDLORD, with respect to the Premises. ATTORNEY FEES: If any legal action or proceedings be brought by either party of this Agreement, the prevailing party shall be reimbursed for all reasonable attorney's fees and costs in addition to other damages awarded. ASSIGNABILITY/SUBLETTING. TENANT's may not assign or sublease any interest in the Premises, nor assign, mortgage or pledge this Lease. JOINTLY AND SEVERALLY: The undersigned TENANT's are jointly and severally responsible and liable for all obligations under this agreement. INSURANCE: RESIDENT: acknowledges that LANDLORD homeowner's insurance does not cover personal property damage caused by fire, theft, rain, war, acts of God, acts of others, and/or any other causes, nor shall LANDLORD be held liable for such losses. TENANT's are hereby advised to obtain their own insurance policy to cover any personal losses. NOTICE. Notices under this Lease shall not be deemed valid unless given or served in writing and forwarded by mail, postage prepaid, addressed to the party at the appropriate address set forth below. Such addresses may be changed from time to time by either party by providing notice as set forth below. Notices mailed in accordance with these provisions shall be deemed received on the third day after posting. LANDLORD: TENANT'S: Such address may be changed from time to time by either party by providing notice as set forth above. GOVERNING LAW. This Lease shall be construed in accordance with the laws of the State of Virginia. ENTIRE AGREEMENT/AMENDMENT. This Lease contains the entire agreement of the parties and there are no other promises, conditions, understandings or other agreements, whether oral or written, relating to the subject matter of this Lease. This Lease may be modified or amended in writing, if the writing is signed by the party obligated under the amendment. SEVERABILITY. If any portion of this Lease shall be held to be invalid or unenforceable for any reason, the remaining provisions shall continue to be valid and enforceable. If a court finds that any provision of this Lease is invalid or unenforceable, but that by limiting such provision it would become valid and enforceable, then such provision shall be deemed to be written, construed, and enforced as so limited. WAIVER. The failure of either party to enforce any provisions of this Lease shall not be construed as a waiver or limitation of that party's right to subsequently enforce and compel strict compliance with every provision of this Lease. BINDING EFFECT. The provisions of this Lease shall be binding upon and inure to the benefit of both parties and their respective legal representatives, successors and assigns. Land Lord Name: _______________________________ _______________________________ _______________ Print Name Signature Date TENANT'S Initials _________ __________ TENANT #1: ________________________ _______________________________ _______________ Print Name Signature Date TENANT #2: ________________________ _______________________________ _______________ Print Name Signature Date Witness : 1. Print Name Signature Date 2. Print Name Signature Date 3. Print Name Signature Date Notary : TENANT'S Initials _________ __________