Equity Base Properties, LLC
P O Box 13381
Tallahassee, Florida 32317
Residential Lease Agreement
TENANT'S NAME(s):____________________________________ DATE: ___________
Address of Unit ____________________________________
It is mutually agreed between the above named tenant(s), hereinafter referred to as the tenant, and
the owners or management, as follows.
I. RENTS AND DEPOSITS:
A. Rent: The rental for the above designated unit is $_________payable monthly in
B. Rental Due Dates: All rent is due and payable, in advance, on the first day of each month.
A late fee, as additional rent, of $50 will be charged when rent is not received by the fifth (5th) of
each month. A charge of $50 will also be made for checks returned for any reason. No portion of
the deposit may be considered as payment of the above charges and the extra charge must be paid
with the rent as due or with any reissued check. Rent payments will be mailed to the above address
C. Deposit: The Tenant has deposited herewith, as security for damage and as a deposit for
the fulfillment of the terms of this rental agreement, the sum of $________. No portion of such
deposit may be considered as rent at any time, nor may deposit be used to reduce rent liability for
final month of occupancy.
II. OCCUPANCY RULES AND REGULATIONS:
A. Length of Rental: It is mutually agreed that the intended rental period by the Tenant is
from __________ to ___________.
B. Subletting: Tenants may not sublet or permit persons to occupy the unit other than
those contained in the rental agreement without written consent of the Management.
C. Damage: Damage through neglect, intent, etc., to the unit and/or the unit's contents by
the Tenant will be reported immediately to the management and payment of the same will
be made by the Tenant immediately upon receipt of statement for the actual cost of such repair.
D. Alterations: The Tenant will not make any permanent alterations, changes, repairs, or
perform any painting or decorating without the prior written consent of the Management.
E. Permit Entry of Agents and Workmen: The Tenant shall permit agents and
workmen to enter the unit without liability to inspect the premises or make repairs.
F. Pets: The tenant shall not keep pets.
G. Showing of Unit Prior to Expiration of Tenant's Stay: Tenant shall permit the
Management to enter and show the office to new applicants during a 30 day period prior to move
out by the Tenant.
H. Miscellaneous Rules and Regulations: The Tenant agrees to abide by the rules and
regulations promulgated by the Management and to be certain that all guests conduct themselves
I. Insurance: The owner does not carry insurance on contents owned by the tenant. The
tenant should obtain renters insurance.
J. Maintenance: Any maintenance item or malfunction should be reported immediately to
management. Repairs necessary due to the lack of care or negligence on the part of the tenant shall
be charged to the tenant for immediate payment. Tenants should not attempt repairs.
III. TERMINATION OF OCCUPANCY:
A. Notice of Intent to Move: In any event, notice of intent to move out must be delivered
via U. S. Mail to the Owners or Management IN WRITING no less than thirty (30) days prior to the
end of the term of this lease. The rental period is from the first day of each month and if the
departure date is later than the last day of the last month of this lease, after giving the 30 days notice
as required above, you will be obligated to pay the rent for the entire hold-over month.
B. Return of Deposit: The deposit is given to assure good faith on the part of the Tenant as
to length of rental period and to assure proper and reasonable use of the unit, its fixtures, equipment
and furnishings, if any. Immediately after vacating, the unit will be inspected and if the unit is free
of damage, normal wear and tear accepted, such deposit will be returned via U. S. Mail to the tenant
provided other terms of this agreement have been complied with by the Tenant. A cleanup charge
will be deducted from the deposit if the unit is found to be in different condition than when lease
began (normal wear and tear accepted). If the security deposit is insufficient to cover damages or
maintenance of the unit, the tenant will be charged for such expense and billed immediately. Such
expense shall be considered as additional rent and shall be assessed against the tenant.
C. Hold-Over: If Tenant shall hold over past the term of this lease, and Management shall
not object, then the term of this lease shall be extended on a month-to-month basis and the rental
thereof increased by 20% of the base rent. All other terms and conditions of the lease shall remain
in full force and effect. However, Management may require an increase in the security deposit in an
amount equal to the monthly rent (including all charges and expenses). Tenant agrees to give
Management no less than 30 days notice of intent to vacate the premises no later than the last day of
the month for which notice is given. The last month's rent shall not be prorated for early departure.
D. Premature Occupancy Termination: It is mutually agreed that the rental period is 12
months or more, or as is indicated in Paragraph II(A) hereof. In the event occupancy by the Tenant
is for a period of less than that specified in Paragraph II(A) hereof, the deposit shall be forfeited.
The Owner or Management shall have the option of retaining the security deposit and pursuing
remedy for the remaining rents and damages through the Courts, with Tenant paying for
Management's legal costs as well as advertising and other costs which may be incurred.
E. Abandonment and or legal fees: The leasehold shall be deemed abandoned if the tenant
moves out without proper notice, or, allows electric and/or water utilities to be turned off, or, fails
to respond to communication requests from management. In the case of abandonment the tenant
agrees to relinquish all rights to the property and to permit the owner or management to take
possession of the unit without liability. The owner or management may pursue legal remedies for
the balance of the lease period, costs incurred and legal fees. Any and all costs and legal fees
resulting from the tenant not fully performing any of the responsibilities under the lease shall be
borne by the tenant.