Project Success 2 - page 120

LESSON
3
Read a lease
PRACTICAL SKILLS
GET READY
Emily’s friend Paula just moved into a two-bedroom apartment. She signed a one-year lease
before she moved in. What is usually included in an apartment rental agreement?
PRACTICAL READING
A
Look at Emily’s lease. Why is it important to read a lease carefully?
RENTAL AGREEMENT
This agreement is entered into this ______ day of _______________, ________, between
_________________ (hereafter “Landlord”), and _________________ (hereafter “Tenant”).
The Landlord and Tenant agree that the Landlord rents to the Tenant for residential use
apartment No. _____ at _________________________________________ for the term of
____ months, beginning on _________________. The Tenant agrees to pay $ ________
rent per month beginning _________________.
All rental payments are due in advance, on or before the first day of each month.
All rental payments received 10 days after the due date will have a $40 late fee added
to them.
The Tenant also agrees that:
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collection.
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written agreement.
A security deposit in the amount of ________ has been paid by the Tenant. The Landlord
may use some or all of the security deposit to remedy any damages caused by the
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If the cost of repairing the apartment is more than the security deposit, the Tenant is
liable for the difference.
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RU DJUHHG UHSDLUV DQG WR PDNH LQVSHFWLRQV 7KH /DQGORUG ZLOO JLYH WKH 7HQDQW
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property caused by other persons, including theft, burglary, vandalism or other crimes.
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property caused by fire, flood, rain, ice, snow, or other occurrences.
Signed: ______________________
Date: ______________________
Landlord
______________________
Date: ______________________
Tenant
1
April
2014
Irene Tam
Paula Sullivan
47
April 1, 2014
12
April 1, 2014
1,225
$1,225
Irene Tam
April 1, 2014
Paula Sullivan
April 1, 2014
1500 Sherman Drive, Long Beach, California
120
UNIT 9
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