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Vermont Green Mountain Real Estate Rental Lease Form


Vermont Green Mountain Real Estate Rental Lease Form
Vermont Green Mountain Real Estate Rental Lease Form
Green Mountain Real Estate 395 College Street #4 Burlington VT 05401 (802) 734 -1566
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GREEN MOUNTAIN REAL ESTATE RENTAL LEASE
THIS IS A LEGALLY BINDING CONTRACT, IF NOT UNDERSTOOD LEGAL
OR OTHER COUNSEL SHOULD BE CONSULTED BEFORE SIGNING.
This Agreement of Lease, made between Green Mountain Real Estate (www.rentinvt.com), Burlington, VT
(hereinafter referred to as the LANDLORD), and Tenant#1, Tenant #2 (hereinafter referred to as the TENANT(S)),
jointly and in consideration of the terms and conditions herinafter contained, the parties hereto agree as follows:
PREMISES: The landlord hereby leases to the Tenant the apartment 395 College Street #2, Burlington, VT 05401.
Unless indicated otherwise, the premises shall be used as personal, private residence, and not otherwise. No one, other
than the Tenant and Tenant’s children, shall be permitted to occupy the premises without the prior written consent of
the Landlord. This apartment includes 3 off street parking spots.
1. TERM: This lease is to be for the term of one year beginning on June 1, 2006 and ending on May 31, 2007.
Landlord may, at any time and without notice, assign this Agreement and, in so doing, shall transfer to Assignee
all rights and powers contained herein. If Tenant should hold over and remain in possession of the leased premises
after the expiration of this Lease, without the Landlord’s consent, it shall not be deemed or construed to be a
renewal or extension of this Lease but shall only operate to create a tenancy-at-will, which may be terminated by
the Landlord without notice. At end of term if there should be a situation of holding over then the Tenant shall be
required to give to Landlord a 30 day notice in writing as to the Tenant’s decision to vacate premises at
termination of the original lease term or to extend said lease. Any request by Tenant to extend a lease as a month to
month tenancy will be subject to the Landlord’s written consent. If Tenant fails to give any notice under this
provision, it will constitute a decision by the Tenant to vacate the premises at the termination of the original lease
period.
2. RENT: The Tenant shall pay to the Landlord as rent $2100 per month for 12 months (1 year). The tenant shall
pay to the Landlord or its authorized agent each of said installments postmarked on or before 12:00 midnight of the
first day of every month throughout the term of this Lease. Said rental payments shall begin on the first day of
the lease initiation and continue each and every month thereafter until paid in full. The payment of rent
hereunder and under any renewal or extension hereof, is an independent condition subsequent, the performance of
which shall entitle the Tenant to the continued use and possession of the above described premises.
3. SECURITY DEPOSIT: Landlord acknowledges, upon signing of this Agreement, receipt of one months rent as
a security deposit to be held by the Landlord and shall be applied at the Landlord’s discretion, to repair any
damages to the premises or to remedy any default of Tenant under terms of this Lease, and hereafter upon Tenant
vacating the premises and complying with all terms and conditions herein, Landlord will inspect the unit and
compute damages, if any, and refund the balance within fourteen days. The Security Deposit shall not be used as
the last month’s rent payment. Rent for the last month is due and payable on the first day of the month.
4. UTILITIES: Tenant shall pay for the following utilities with respect to the demised premises: Heat___,
Electric___, Water___, Rubbish___, Lawn___, Snow___. Tenant assumes responsibility to maintain adequate
heat at all times to prevent any damage whatsoever to the premises resulting from freeze-ups.
5. ALTERATIONS/REPAIRS/MAINTENANCE: The Tenant shall make no alternations, additions or
improvements (to include painting) to the demised premises without the prior written consent of the Landlord.
Upon the termination of this Lease, all alterations, additions, or improvements made by the Tenant shall become
the property of the landlord. However, upon the election of the Landlord, the Tenant shall promptly remove all
alterations, additions, or improvements, and any other property placed in or on the premises by the Tenant. Tenant
agrees to make all repairs required at Tenant’s cost and expense whenever damage shall have resulted from
Tenant’s misuse or neglect. Tenant shall notify Landlord of repairs being made. Tenant, at Tenant’s sole cost and
expense, shall be fully responsible for all necessary repairs to and maintenance of the interior area of the demised
premises, including by way of illustration, the maintaining of lighting fixtures and replacement of bulbs and
ballasts, the cleaning of carpeting and flooring and washing of windows. The Landlord shall be responsible for
repairs and maintenance of the exterior, the parking area, and common area. Any and all repairs not caused by the
Vermont Green Mountain Real Estate Rental Lease Form
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