RENTAL AGREEMENT** (Lease)

Edition 010505-0267

TERM:
    This Rental Agreement (Lease) for _____ months, begins _____, 20__
    and ends the last day of _____, 20__, and thereafter continues on a month-to-month
    basis between the Lessor, Amber Properties Company [Management],
    and the Lessee(s) [Resident(s) or Tenant(s)]:
    1. ____________________
    2. ____________________ [Resident(s)/Tenant(s)]
    3. ____________________
    Children: ____________________
    Children: ____________________
    Management leases to Resident(s) for use as private dwelling, apartment _______
    street address __________ city __________ state _______ zip _____
    Premises also known as building _____ of apartment group __________
    This Rental Agreement may not be assigned to others. Any future co-tenant(s) must be approved by Management. All terms of the Lease and House Rules remain in force.
    Only the above named Resident(s) may occupy premises. Resident(s) are jointly and individually responsible for terms of the Lease, including prompt payment of rent.
    Resident(s) may continue as month-to-month tenant(s) after end of the Lease, subject to rent amount then set by management. All terms of the Lease and House Rules remain in force.
MONTHLY RENT: $_____: Resident(s) shall pay rent by the first of each month including the last month of occupancy. Rent amount is firm for __ months.
Rent Includes:
heat?__ water?__ hot water?__ gas?__ electricity?__ A/C unit?__ carport?__
HOUSE RULES: (See separate sheet.) Resident(s) shall comply with all of the rules and regulations governing the premises including amendments as permitted by law#. House Rules refer to alterations, pets, waterbeds, parking, motorcycles, boats, noise, guests, refunds, move-out notice, etc.
ACCESS TO PREMISES: Management shall have reasonable access to premises to the extent permitted by law.
    Management may show apartment to prospective tenants upon receiving move-out notice. Locks may not be changed by Resident(s) under any circumstances.
    This Rental Agreement includes:
    - House Rules, edition _____
    - Inventory Checklist Form (blank)
    - Apartment Rental Priority Card (application)
SPECIAL CONDITIONS:
    (1) WE URGE YOU TO OBTAIN RENTERS INSURANCE TO PROTECT AGAINST FIRE, WATER, THEFT, OR OTHER CASUALTIES. MANAGEMENT IS NOT RESPONSIBLE FOR SAME. SEE AN INSURANCE AGENT FOR FURTHER ADVICE.
    (2) 75% of traffic areas of second and third floor apartments MUST be covered with area rugs to control sound transmission to apartments below.
    (3) Pets are NOT permitted unless you have been issued and signed a valid Pet Permit.
    (4) Your own washers and dryers are allowed by permit only, only in those units with available washer/dryer hook-ups.
    (5) See House Rules regarding motorcycles and boats.
    (6) Please treat window blinds with care. You WILL be charged for damages.
    (7) ________________________________________________________
    (8) ________________________________________________________
    (9) ________________________________________________________
SECURITY DEPOSIT* -Refundable. See HOUSE RULES, "Move-Out" $____________
RECLEAN FEE* Not refundable. Covers Tenant(s) move-out cleaning obligation $____________
RENT PAYMENT** -First full month:_________________ , 20__ $______________
    -Partial month:_______________: _______ days at $______/day $____________
    Payable prior to move-in** $________________________
    **Bank check or money order is required if move-in is within 15 days of lease date. All funds due prior to obtaining keys.
RECEIVED This date ( )check ( )cash ( )visa ( )mastercard ( )other ( )money order/bank check, -$________________
    Rental Agent, Amber Properties Company
    (Acknowledging Receipt of Payment) _____________________
INTERMEDIATE PAYMENT,** if so-agreed, payable on_____, 20__ $___________
    **Bank check or money order is required if move-in is within 15 days of lease date.
BALANCE DUE,** payable on__________________________, 20__ $____________
    **Bank check or money order is required if move-in is within 15 days of lease date. All funds due prior to obtaining keys.
    Broken Lease: See HOUSE RULES, "Move-Out".
CANCELLATION: (Prior to move-in)
    If Tenant(s) cancel(s) this Rental Agreement, the following broken lease charges apply and will be withheld from the security deposit. If cancellation is made:
    (a) Fewer than 16 days prior to move-in, a full months rent will be charged.
    (b) At least 16 days prior to move-in, one-half months rent will be charged.
    Excess funds, if any, will be returned.
RESIDENT(S) / TENANT(S)
    _______________________________________________
    _______________________________________________
    _______________________________________________
    _______________________________________________
    _______________________________________________
    for Amber Properties Company
    Date of Agreement___________________________, 20__
    Security Deposit Law, Michigan Act 348 of Public Acts of 1972
    1. Section 3 of the Act states:
    "YOU MUST NOTIFY YOUR LANDLORD IN WRITING WITHIN 4 DAYS AFTER YOU MOVE OF A FORWARDING ADDRESS WHERE YOU CAN BE REACHED AND WHERE YOU WILL RECEIVE MAIL. OTHERWISE YOUR LANDLORD SHALL BE RELIEVED OF SENDING YOU AN ITEMIZED LIST OF DAMAGES AND THE PENALTIES INHERENT TO THAT FAILURE."
    2. The refundable security deposit does not exceed 1 ½ times the monthly rent, as allowed by law.#
    3. A Surety bond by Star Insurance Co., P.O. Box 2054, Southfield, MI 48086-2054, is on file with the Michigan
    Department of State to protect your security deposit.
RENT PAYMENTS: Rent is due by the first day of every month. Make sure your check is payable to (and mail to):
    amber properties company
    380 N. Crooks Rd.
    Clawson, MI 48017-1306

    Beginning with the second months rent, pay by check by mail, not with cash.
    Be sure to affix your payment label to the back of your rent check.
    Management reserves the option of charging a $15 fee for credit card payments, beginning with the second months rent.
    Late rents are subject to a $25 late charge.
    NSF checks are subject to a $40 penalty in addition to the late charges, if late.
    A NSF check must be replaced at once with a bank check or money order.
    A pattern of late payments or NSF checks will result in termination of tenancy.
    Acceptance by Management of a partial payment does not waive balance due, late charges, or legal action.
    #Michigan Compiled Laws (MLC) 554.631 to 554.641. Also, Act 454 P.A. 1978: The Truth in Renting Act.
    *Checks are accepted 16 or more days before move-in.
    **Bank check or money order required if move-in within 15 days of Lease date.All funds due prior to obtaining keys.


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