REAL ESTATE LEASE

 

 

This Lease Agreement (this "Lease") is made effective as of __________________, by and between John Krull ("Landlord"), and _________________________ ("Tenant").  The parties agree as follows:

 

PREMISES.  Landlord, in consideration of the lease payments provided in this Lease, leases to Tenant a single family house (the "Premises") located at 1157 N 85th St., Seattle, Washington 98102.

 

TERM.  The lease term will begin on _____________________ and will terminate on ______________________.  The one-year lease will continue month-to-month until terminated by either the tenant or landlord after giving 30 day notice.

 

LEASE PAYMENTS.  Tenant shall pay to Landlord monthly payments of $1,400 per month, payable in advance on the first day of each month, for a total annual lease payment of $16,800.00.  Lease payments shall be made to the Landlord at 1390 Market St. #2809 San Francisco, CA  94102, which may be changed from time to time by Landlord.

 

NON-SUFFICIENT FUNDS and LATE PAYMENTS.  Tenant shall be charged the maximum amount allowable under the applicable law for each check that is returned to Landlord for lack of sufficient funds.  Payments received after the 5th day of the month due will be charged a $100 late fee which will be due within 10days.

 

SECURITY DEPOSIT.  At the time of the signing of this Lease, Tenant shall pay to Landlord, in trust, a security deposit of $1,000.00 to be held and disbursed for Tenant damages to the Premises (if any) as provided by law.  The Tenant shall also pay $1400.00 as the last month’s rent. 

 

POSSESSION.  Tenant 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.

 

USE OF PREMISES/ABSENCES.  Tenant shall occupy and use the Premises as a dwelling unit.  Tenant shall notify Landlord of any anticipated extended absence from the Premises not later than the first day of the extended absence.

 

MAINTENANCE.  Landlord shall have the responsibility to maintain the Premises in good repair at all times except The tenant will be responsible for maintaining the lawn and gardens; tenant shall keep floor coverings on hardwood floors and use protective pads under furniture to avoid damage to the floors; tenant and guests shall refrain from smoking inside the house; tenant shall not sublease the premises without prior written consent of the landlord.  It is the responsibility of the tenant to maintain the hot tub.

 

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 make inspections, provide necessary services, or show the unit to prospective buyers, mortgagees, tenants or workers.  As provided by law, in the case of an emergency, Landlord may enter the Premises without Tenant's consent.

 

UTILITIES AND SERVICES.  Tenant shall be responsible for all utilities and services in connection with the Premises.

 

PROPERTY INSURANCE.  Landlord and Tenant shall each be responsible to maintain appropriate insurance for their respective interests in the Premises and property located on the Premises.

 

TAXES.  Landlord shall pay all real estate taxes and personal taxes which may be levied against the Premises.

 

DESTRUCTION OR CONDEMNATION OF PREMISES.  If the Premises are damaged or destroyed by fire or other casualty to the extent that enjoyment of the dwelling unit is substantially impaired, Landlord, in its sole discretion may elect to repair the Premises or terminate the Lease upon thirty days’ written notice to the Tenant.  If the Premises are condemned or cannot be repaired, this Lease will terminate upon twenty days’ written notice by either party.

 

DEFAULTS.  Tenant shall be in default of this Lease if Tenant fails to fulfill any lease obligation or term by which Tenant is bound.  Subject to any governing provision of law to the contrary, if Tenant fails to cure any financial obligation within three (3) days (or any other obligation within fourteen (14) days) after written notice of such default is provided by Landlord to Tenant, 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 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 under this Lease shall be additional rent, whether or not such sums or charges are designated as "additional rent".

 

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.  If the condition changes so that, in Tenant's opinion, the habitability and rental value of the Premises are adversely affected, Tenant shall promptly provide reasonable notice to Landlord.

 

PETS.  Pets shall not be allowed without the prior written consent of the Landlord. 

 

ASSIGNABILITY/SUBLETTING.  Tenant may not assign or sublease any interest in the Premises without the prior written consent of Landlord, which shall not be unreasonably withheld.

 

TERMINATION UPON SALE OF PREMISES.  Notwithstanding any other provision of this Lease, Landlord may terminate this lease upon sixty (60) days' written notice to Tenant that the Premises have been sold.

 

NOTICE.  Notices under this Lease shall not be deemed valid unless given or served in writing and forwarded by mail, postage prepaid, and addressed to the party at the appropriate address, set forth above.  Such address may be changed from time to time by either party by providing notice as set forth below.

 

LANDLORD:

 

Name:                     John Krull

Address:                1390 Market St.#2809

                                San Francisco, California  94102

 

TENANT:

 

Name:                     _________________________

Address:                _________________________

                                _________________________, ___  __________

 

ENTIRE AGREEMENT/AMENDMENT.  This Lease Agreement contains the entire agreement of the parties and there are no other promises or conditions in any other agreement whether oral or written.  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.

 

CUMULATIVE RIGHTS.  The rights of the parties under this Lease are cumulative, and shall not be construed as exclusive unless otherwise required by law.

 

GOVERNING LAW.  This Lease shall be construed in accordance with the laws of the State of Washington.

 

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.

 

LANDLORD:

John Krull

 

 

 

____________________________________________________

John Krull

 

 

TENANT:

 

_________________________

 

 

 

Condition Report

 

Tenant has inspected the Premises and states that the Premises are in satisfactory condition, free of defects, except as noted below:

 

                                                      SATISFACTORY                                       COMMENTS

 

 

Carpeting                                               ______                  _______________________________

Walls                                                      ______                  _______________________________

Walls                                                      ______                  _______________________________

Window coverings                              ______                  _______________________________

Stove                                                      ______                  _______________________________

Refrigerator                                           ______                  _______________________________

Screens                                                  ______                  _______________________________

Windows                                               ______                  _______________________________

Bathrooms                                             ______                  _______________________________

Closets                                                   ______                  _______________________________

Ceilings                                                  ______                  _______________________________

Doors                                                     ______                  _______________________________

Locks                                                     ______                  _______________________________

Lights                                                     ______                  _______________________________

________________                           ______                  _______________________________

________________                           ______                  _______________________________

 

_______________________________

Date

 

Tenant:

 

 

____________________________________________________

 

_________________________

 

 

Acknowledged by Landlord:

 

 

____________________________________________________

John Krull