STERLING RENTAL HOMES RESIDENTIAL LEASE
BY THIS AGREEMENT made and entered into on (DATE), between Sterling Rental Homes, Sterling Phillips, herein referred to as Landlord, and (ALL TENANTS’ NAMES) herein referred to as Tenants, Landlord leases to Tenants, the premises situated at (STREET ADDRESS), in the City of (CITY), County of Maricopa, State of Arizona, together with all appurtenances, for a term of (ONE YEAR, EIGHTEEN MONTHS, OR TWO YEARS), commencing on (BEGIN DATE) and ending on (LAST DAY OF LEASE). 1. RENT. Tenant agrees to pay, without demand, to Landlord as rent for the herein described premises, the sum of (MONTHLY RENTAL SPELLED OUT) ($$$$) per month, due and payable on the 1st of each month. Rent may be mailed to 730 E. Brown Rd #114, Mesa, AZ, 85203, to arrive by the 1st of each month, or may be left at the same address between 8 a.m. and 5 p.m., Monday through Friday. See the attached Schedule of Payments for schedule of payments to cover deposits and last month’s rent. 2. LATE CHARGES/FAILURE TO PAY: If payment is not received by the Fifth (5th) of each month, a late charge of $25.00 for the first day following the 5th, and $10.00 for each additional day after, shall be assessed until the rent and all additional charges are paid in full. On the Sixth (6th) day of the month, if full payment has not been received, a Notice of Eviction for Failure to Pay Rent will be delivered to the premised and mailed to the Tenants via certified mail. If full payment, including late fees, are not paid with ten (10) days of that date, suit will be filed in Court for recovery of rent, late charges, and any other fees associated with the Eviction action, such as attorneys’ fees. 3. RETURNED CHECKS. Tenant shall pay a fee of $35.00 for checks returned from his/her bank for any reason, in addition to the late fees outlined above. 4. NUMBER OF OCCUPANTS. Tenant agrees that the premises shall be occupied by no more than (NUMBER OF ADULTS, NUMBER OF CHILDREN) without the written consent of Landlord. 5. PETS: Tenant shall keep no domestic or other animals on or about the leased premises without paying a pet deposit of $150.00 per pet ($100.00 for each refundable at the end of the lease period), and having the Landlord’s approval of the particular pet(s).
6. ALTERATIONS: Tenant shall not make any alteration, addition, or improvement in, to, or about the premises without the written consent of the Landlord, and alterations, additions, or improvements become the sole property of the Landlord and remain with the property. 7. HOMEOWNERS’ ASSOCIATION (HOA): Tenant agrees to adhere to all covenants of the (NAME OF GOVERNING HOA IF APPLICABLE). Landlord will provide Tenants with a copy of those covenants. Landlord will pay all HOA monthly fees and assessments. However, any charges incurred due to the failure of the Tenant to follow HOA covenants shall be the responsibility of the Tenant. 8. ASSIGNMENT AND SUBLETTING: Tenant shall not assign this lease nor sublet the premises, or any part thereof, without the written consent of the Landlord. Any unauthorized assignment or subletting is agreed to be a total, incurable breach of this lease. 9. UTILITIES: All applications for and connections to utility services shall be made in the name of Tenant only, and Tenant shall be solely liable for utility charges as they become due, including electric (SRP), and water, sewer, and garbage collection (CITY). 10. ENTRY: Tenant shall permit Landlord and Landlord’s agents to enter upon the premises at reasonable times and given at least 24 hours notice, for the purpose of doing necessary or agreed repairs, routine maintenance, or for any other lawful purpose. Tenant will permit Landlord to post a sign on or about the premises advertising the availability of the property for lease during the final 30 days of lessee’s tenancy, and allow entry of the Landlord into the premises, during that time, to show property to prospective tenants. Tenant also agrees to the terms of the Homeowners’ Association rules on reasonable entry Tenant shall provide for immediate entry in some circumstances which could result in extreme damage to the property or place any occupant of neighbor of the premises in danger. 11. MAINTENANCE & REPAIR: Tenant will, at his expense, keep and maintain the leased premises and appurtenances in good and sanitary condition and repair during the term of this lease and any renewal thereof. 12. TRANSFER: In the event of a sale of the rental property, the Landlord shall transfer, with all rights and exclusions set forth in this agreement and all addenda, to the new owner.
13. HOLDOVER BY TENANT. Should Tenant remain in possession of the premises with the consent of the Landlord after the expiration of this lease, a new month-to-month tenancy shall be created between Landlord and Tenant which shall be subject to all the terms hereof, but shall be terminated on thirty (30) days written notice served by either Landlord or Tenant on the other party. 14. SURRENDER OF PREMISES: At the expiration of the lease term, Tenant shall quit and surrender the premises in as good state and condition as they were at the commencement of this lease, except as described in paragraph 13, above. 15. DEFAULT: If any default is made in the payment of rent at the times hereinbefore specified, or if any default is made in the performance of or compliance with any other term or condition hereof, the lease, at the option of Landlord, notice of intent to evict will be served, and Landlord may re-enter the premises and remove all persons therefrom . 16. INSURANCE: The Landlord strongly recommends that the Tenant obtain and keep renter’s insurance in full force and and effect during the full term of this agreement. 17. ABANDONMENT: If at any time during the term of this lease Tenant abandons the premises or any part thereof, Landlord may enter the premises by any means necessary without being liable for any prosecution therefore, and without becoming liable to Landlord for damages for any payment of any kind whatever, and may, at his discretion, as agent for Tenant, re-let the demised premises, or any part thereof, for the whole or any part of the unexpired term, and may receive and collect all rent payable from the Tenant required by the terms of this Agreement. If any personal property belonging to Tenant and left on the premises to also have been abandoned, the Landlord may dispose of all such personal property if any manner the Landlord deems proper and hereby relieved of all liability for doing so.
IN WITNESS WHEREOF, the parties have executed this lease the day and year first written above.
____________________________________ Landlord ____________________________________ Landlord
____________________________ Tenant _____________________________ Tenant