380 Sky Acres Dr #1

Lease terms

In consideration of the terms and conditions hereinafter contained, the parties hereto agree as follows: 1. Premises. Landlord hereby leases to Tenant the following land and premises: 380 Sky Acres Drive, Stowe Apartment. Unless indicated otherwise the premises shall be used as a personal residence and not otherwise. Only the persons who have executed this Lease as Tenants shall be considered as Tenants hereunder. No other persons may reside at the premises. 2. Term. The term of this lease shall be for commencement and end dates to be determined and agreed upon by both parties at the time of lease signing. 3. Rent. Tenant shall pay to Landlord $2,500 on the First Day of each Month during the term of this Lease. All rents shall be made payable to "Ramsey Hoehn" and mailed or hand-delivered to: Ramsey Hoehn, 380 Sky Acres Drive, Stowe, VT 05672 Rent is payable on or before the first day of each month without demand or notice. No payment by Tenant or receipt by Landlord of a lesser amount than the correct rent shall be deemed to be other than a payment on account, and no endorsement or statement on any check or other communication accompanying a check for payment of any amounts payable hereunder shall be deemed an accord and satisfaction, and Landlord may accept such check as partial payment without prejudice to Landlord's right to recover the balance of any sums owed by Tenant hereunder or to pursue against Tenant any additional remedies available under this Lease or provided at law or in equity. This provision and the provisions to pay all sums under this Lease shall survive the Lease. Tenant shall pay a late fee of $25.00 for each payment that is not paid within 10 days after the due date for such late payment. Tenant shall be charged $25.00 for each check that is returned to Landlord for insufficient funds. 4. Notice to Vacate. Notice of termination shall be as required by Vermont law and Town of Stowe Ordinance. 5. Security Deposit. Landlord hereby acknowledges the receipt from Tenant of $2,000 as a security deposit. $500 shall be paid upon lease signing to secure the apartment. The security deposit shall secure the performance of the Tenant's obligations under this lease and Vermont law. The Landlord may retain all or a portion of the security deposit to remedy defaults of Tenant, including but not limited to, 1) nonpayment of rent, 2) damage to the property of the Landlord unless the damage is the result of normal wear and tear, or the result of actions or events beyond the control of the Tenant, 3) nonpayment of utility or other charges which the Tenant is required to pay directly to the Landlord or to a utility, and 4) expenses required to remove from the apartment articles abandoned by the Tenant. If there is more than one Tenant, the security deposit shall be returned when all of the Tenants under this lease have vacated and/or abandoned the dwelling unit. The security deposit shall bear interest at the passbook rate effective as of the execution of this lease. Tenant agrees to reimburse the Landlord for any deductions from the security deposit by the Landlord during the term of the lease. This reimbursement shall occur within ten (10) days of receipt of notice from the Landlord. It is the intent of this provision that the Landlord shall have a security deposit of $2,000 when the lease terminates or the Tenant vacates. Landlord shall notify Tenants of the application of the security deposit in writing within 14 days from the date the Tenant vacated or abandoned the premises. The notice shall itemize any deductions from the security deposit. 6. Utilities: Landlord agrees to pay all charges for all utilities. Tenant further agrees to maintain a minimum temperature of 55 degrees fahrenheit during the winter heating months, from November 1 through March 31. Tenant shall set the thermostat so that the temperature in the apartment stays at 55 degrees or warmer at all times. Tenants agree to keep walkways and stairways free of snow and ice. 7. Alterations. Tenant shall make no alterations, additions or improvements, including painting, to the demised premises without the prior written consent of Landlord. 8. Acceptance of Premises. Tenant has inspected the leased premises, andTenant's acceptance of possession of the leased premises is conclusive evidence of its receipt in good order and repair. Any deficiencies in the leased premises shall be noted in writing and returned to Landlord within 48 hours of taking occupancy. Upon the termination of this lease, the Tenant shall thoroughly clean the premises and shall leave the premises, and the improvements therein, in the same condition as at the commencement of this Lease. 9. Assignment and Sub-Leasing. Tenant shall not assign, mortgage, pledge orencumber this Lease, or the demised premises, or sub-let the whole or any part of the demised premises without Landlord's prior written consent. 10. Holding Over. If Tenant should hold over and remain in possession of the leasedpremises after the expiration of this lease, without Landlord's written consent, it shall not be deemed or construed to be a renewal or extension of this lease, but shall only operate to create a tenancy at will. 11. Parking: Tenants agree to have no more than 2 cars for any extended period of time, and to park in "apartment" parking spaces. 12. Refuse. Tenant shall dispose of all garbage and refuse in such a manner and at such times as Landlord shall direct. Trash and recycling are typically pick-up on every other Monday morning. 13. Animals. Pets, including cats, dogs and fish shall not be allowed without the prior written consent of the Landlord. 14. Tenant Obligations and Termination. Tenant shall not create or contribute to the noncompliance of the apartment with applicable provisions of building, housing and health regulations, nor shall the Tenant do anything in or about the premises which might increase the insurance premiums on the building. The Tenant shall not install additional or different locks or gates on any doors or windows of the unit without the written permission of the Landlord. If the Landlord approves the Tenant's request to install such locks the Tenant agrees to provide the Landlord with a key to each lock. When this Lease ends, the Tenant agrees to return all keys to the premises to the Landlord. The Landlord may charge the Tenant $50 if any key is not returned to the Landlord or the lock and key must be replaced by the Landlord. Tenants shall conduct themselves, and require any guests in the premises to conduct themselves in a manner that will not disturb their neighbors' peaceful enjoyment of their properties. Tenant shall not conduct themselves, or permit others to conduct themselves in any activity which is illegal, nor shall the tenant occupy the premises in a manner which violates any state, local, or federal rules, regulation, statutes or ordinances. The Tenant shall not deliberately or negligently destroy, deface, damage or remove any part of the premises or its fixtures, mechanical systems furnishings or deliberately or negligently permit any person to do so. Tenant acknowledges that execution of this lease is receipt of written notice that this lease terminates for no cause upon the expiration of the initial term unless otherwise renewed or extended in writing by the landlord. No additional notice shall be required. Any misrepresentation of information in Tenant's application to rent shall constitute good cause for termination of this lease. If the Tenant acts in violation of this Lease Agreement, and it is necessary for the Landlord to retain an attorney to secure the Landlord's rights and remedies, the Landlord shall be entitled to recover from the Tenant reasonable attorney's fees so incurred, together with any damages, costs, and expenses. Nonpayment of attorney's fees to landlord shall be grounds for termination of the lease and commencement of an action for ejection . 16. Repairs and Maintenance. Landlord shall be responsible for all repairs and maintenance with respect to the premises except such repairs and maintenance as are caused by the negligent or deliberate act or omission of the Tenant or a person on the premises with the Tenant's consent. Those repairs and maintenance which are the responsibility of the Tenant shall be performed by the Tenant immediately upon demand of the Landlord. If the repairs and maintenance which are the obligation of the Tenant, are performed by the Landlord, the cost of such repairs and maintenance shall be paid by the Tenant in full on the next rental payment date hereunder as additional rental. 17. Access. The Landlord may enter the apartment with the Tenant's consent, which consent shall not be unreasonably withheld. The Landlord may enter the apartment for the following purposes between the hours of 9:00 a.m. and 9:00 p.m. but on not less than 48 hours notice: 1) when necessary to inspect the premises; 2) to make necessary or agreed repairs, alterations or improvements, 3) to supply agreed services; or 4) to exhibit the dwelling unit to perspective or actual purchasers, mortgagees, Tenants, workers or contractors. The Landlord may only enter the apartment without consent or notice when the Landlord has reasonable belief that there is imminent danger to any person or to property. 18. Hold Harmless. The Landlord shall not be liable for, and the Tenant shall hold the Landlord harmless and indemnify the Landlord from, injury or damage to persons or property occurring in or about the leased premises, unless resulting from the negligence or willful act of the Landlord or any of the Landlord's agents, servants or employees. 19. Tenant's Personal Property. Tenant shall protect their personal property with adequate personal property insurance. Landlord is not responsible for loss of or damage to Tenant's personal property. Landlord shall have no liability to the tenant, and the tenant shall indemnify and hold the landlord harmless from and against any and all claims arising from landlord's handling and/or disposal of any personal property remaining on the premises after the tenant has vacated. It is agreed that any personal property remaining on the premises after the Tenant has vacated shall be deemed discarded by the Tenant and Landlord may dispose of the personal property without liability. 20. Partial or Total Destruction of Premises. In the event the Premises are totally or partially destroyed, and/or are uninhabitable, this lease, at the option of the Landlord, shall terminate. Providing that the destruction and/or uninhabitability of the premises is not due to the intentional or negligent acts of the Tenant, Tenant's obligation for the payment of rent hereunder shall cease upon receipt of Landlord's election to terminate the lease. 21. Time is of the Essence. It is understood and agreed that time and strict performance of all of the terms herein, by the Tenant to be performed and reserved, shall be of the essence. 22. Delivery of Possession. The landlord's obligation to deliver possession of the apartment is contingent upon the current occupant of the apartment vacating the apartment and moving all of their personal property from the apartment. The parties acknowledge that failure of the current occupant to deliver possession will cancel this lease, and all deposit money and prepaid rent paid shall be returned. 23. Joint and Several Liability. All the Tenants hereunder are jointly and severally liable for the performance of all of the obligations hereunder. Furthermore, this agreement shall be binding upon the heirs, assigns and legal representatives of the Landlord and Tenant hereunder. 24. Partial Invalidity. If any term or provision of this lease is held invalid or unenforceable, said invalidity shall not affect the remainder of this lease which shall remain valid and enforceable to the fullest extent.