Common use of Description and Term Clause in Contracts

Description and Term. Landlord does hereby rent to Tenant, and Tenant does hereby lease from Landlord, in "as is" condition, all that improved real property having an address of: ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇, for the term (“rental period”) beginning on the day of August, 20 and ending on the day of May, 20 , for the sum of Dollars ($ ), and said sum is to be equally divided between the above listed Tenants and each Tenant listed above is to pay said sum in two equal installments with the 1st installment due no later then July1, 20 and the 2nd installment due no later then December 1, 20 . Additionally, any payment which is more than five (5) days late will incur a late charge of five percent (5%) per rental period, which shall be paid in addition to the rent then due. Tenants acknowledge that if any one of them have not paid either of their installment payments by the due dates then said Tenant will be denied access to the property and will not be permitted to move into the property. It is expressly understood and agreed that this Lease Agreement shall be between Landlord and each signatory individually and severally, and that in the event of default by any one signatory, every remaining signatory shall be responsible for timely payment of the rent and all provisions of this Lease Agreement. Notwithstanding this provision, it is further agreed that in the event one or more of the Tenants shall renege on this Lease Agreement by reason of health, dismissal from the University or other reason, they will remain financially responsible under the terms of this Lease Agreement. If a suitable replacement can be found by such Tenant, or if Landlord is able to find a replacement, Landlord may accept the new Tenant and release the original Tenant from his financial responsibility; however, the Tenant shall be held responsible for the payment of any deficieny between his payment pursuant to this Agreement and the new Tenant’s lease Agreement. In either event the initial Tenants non-refundable holding fee ($300) and rental application processing fee ($25) are forfeited and shall not be transferrable to any replacement Tenant. Should Tenant remain in possession of the leased property with the consent of Landlord after the natural expiration of this Agreement, a new tenancy from month to month shall be created between Landlord and Tenant, which shall be subject to all the terms and conditions hereof except that the rent can be increased in an amount to be determined by Landlord.

Description and Term. In consideration of the payment of the rent and keeping, performance and observance of the following covenants, conditions and agreements by the Resident, the Landlord does hereby rent to Tenant, and Tenant does hereby lease from Landlord, in "as is" condition, all that improved real property having an address of: leases unto Resident Apartment (the “Premises”) located at ▇▇▇▇ ▇. ▇▇▇ ▇▇▇▇▇▇ #▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇▇ and being a part of the multi-tenant residential community known as Avenue 8 Apartments (the “Community”), to be used and occupied only by the following persons and only as a private residence for the term (“rental period”) beginning on the day of August12/3/2020, 20 and ending on 1/16/2022 As used herein, the term “Premises” shall include any storage unit also leased to Resident pursuant to separate addendum attached to this Lease. The names of such persons that will occupy the Premises, including the Resident, are as follows: Kaemyn Klimack, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ (co-signer). The rent for the Term shall be payable in advance without notice, demand or any offset or deduction, in equal monthly installments of $1,145.00, the first installment being due on 12/3/2020 and thereafter on or before twelve o'clock noon on the first day of Mayeach calendar month of the term, 20 at Boutique/Wheelhouse Apartments ▇/▇ ▇▇▇▇▇▇ ▇ ▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇▇, #▇▇▇ at ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ or at such other place as the Landlord may designate in writing. If the Resident shall take occupancy of the Premises prior to the first day of a month, rent shall be prorated and paid to the Landlord in advance for the sum of Dollars ($ ), and said sum is to be equally divided between the above listed Tenants and each Tenant listed above is to pay said sum in two equal installments period commencing with the 1st installment due no later then July1, 20 and date Resident takes actual occupancy (it being understood that the 2nd installment due no later then December 1, 20 . Additionally, any payment which is more than five (5) days late will incur a late charge of five percent (5%) per rental period, which date Resident accepts keys to the Premises shall be paid the date Resident takes occupancy of the Premises) and ending with the last day of the partial month in addition to the which Resident takes occupancy. Thereafter, rent then due. Tenants acknowledge that if any one of them have not paid either of their installment payments by the due dates then said Tenant will be denied access to the property and will not be permitted to move into the property. It is expressly understood and agreed that this Lease Agreement shall be between Landlord due and payable in advance on the first day of each signatory individually and severally, and that in month during the event of default by any one signatory, every remaining signatory shall be responsible for timely payment of Term. If the rent and all provisions Term of this Lease Agreementends on a day other than the last day of a calendar month, then rent will be appropriately prorated based upon the actual number of calendar days in such month. Notwithstanding this provision, it is further agreed that in the event one or more of the Tenants shall renege on this Lease Agreement by reason of health, dismissal from the University or other reason, they will remain financially responsible under the terms of this Lease Agreement. If a suitable replacement can be found by such Tenant, or if Landlord is able Resident promises to find a replacement, Landlord may accept the new Tenant and release the original Tenant from his financial responsibility; however, the Tenant shall be held responsible for the payment of any deficieny between his payment pursuant to this Agreement and the new Tenant’s lease Agreement. In either event the initial Tenants non-refundable holding fee ($300) and rental application processing fee ($25) are forfeited and shall not be transferrable to any replacement Tenant. Should Tenant remain in possession of the leased property with the consent of Landlord after the natural expiration of this Agreement, a new tenancy from month to month shall be created between Landlord and Tenant, which shall be subject to all the terms and conditions hereof except that the rent can be increased in an amount to be determined by Landlordtake occupancy 12/3/2020.

Description and Term. Landlord does hereby rent to Tenant, and Tenant Tenail.t does hereby lease from Landlord, in "as is" condition, all that improved real property having an address of: _▇▇ ▇▇▇▇▇ ▇▇▇▇_ ▇▇▇▇ # , ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇, ▇ for the term (“rental period”) beginning on the day of August1st Day of, 20 September 2019, and ending on the 15th day of Mayof, 20 , for May 2020_for the sum of $ .00 Dollars Per Lease term. Lease costs payable based on ''Payment Option" chosen ($ see attached), and said sum is to be equally divided between the above listed Tenants and each Tenant listed above is to pay said sum in two equal installments with the 1st installment due no later then July1, 20 and the 2nd installment due no later then December 1, 20 . Additionally, any Any payment which is more than five (5) days late will incur a late charge of five percent (5%) per rental period, which shall be paid in addition to the rent then due. Tenants acknowledge that if any one of them have not paid either of their installment payments by the due dates then said Tenant will be denied access to the property and will not be permitted to move into the property. It is expressly understood and agreed that this Lease Agreement agreement shall be between Landlord and each signatory individually and severally, and that in the event of default by any one signatory, every remaining signatory shall be responsible for timely payment of the rent and all provisions of this Lease Agreement. Notwithstanding this provision, it is further agreed that in the event one or more of the Tenants shall renege on breach the terms of this Lease Agreement by for any reason of healthwhatsoever, including but not limited to health reasons or, dismissal from ▇▇▇▇▇▇▇ Community College, the University or other reason, they Tenant and Guarantor to this Lease Agreement will remain financially responsible under the terms of this Lease Agreement. If a suitable replacement can be found by such Tenant, or if Landlord is able to find a replacement, Landlord may accept the new Tenant and release the original Tenant from his further financial responsibility; however, the Tenant shall be held responsible for the payment of any deficieny between his payment pursuant to this Agreement and the new Tenant’s lease Agreement. In either event the initial Tenants non-refundable holding fee ($300) and rental application processing fee ($25) are forfeited and shall not be transferrable to any replacement Tenant. Should Tenant remain in possession of the leased lease property with the consent of Landlord after the natural expiration of this Agreement, a new tenancy from month to month shall be created between Landlord and Tenant, which shall be subject to all the terms and conditions hereof except that the rent can will be increased in an amount to be determined 150% of the rent paid by Landlordthe Tenant during the Term Further, the Tenant acknowledges that the Tenant's obligation to pay rent is not conditioned upon the receipt of financial aid by the Tenant.

Description and Term. Landlord does hereby rent to Tenant, and Tenant ▇▇▇▇▇▇ does hereby lease from Landlord, in "as is" condition, all that improved real property having an address of: ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇, for the term (“rental period”) beginning on the day of August, 20 and ending on the day of May, 20 , for the sum of Dollars ($ ), and said sum is to be equally divided between the above listed Tenants and each Tenant listed above is to pay said sum in two equal installments with the 1st installment due no later then July1July 1, 20 2022 and the 2nd installment due no later then December 1, 20 2022. Additionally, any Any payment which is more than five (5) days late will incur a late charge of five percent (5%) per rental period, which shall be paid in addition to the rent then due. Tenants acknowledge that if any one of them have not paid either of their installment payments by the due dates then said Tenant will be denied access to the property and will not be permitted to move into the property. It is expressly understood and agreed that this Lease Agreement shall be between Landlord and each signatory individually and severally, and that in the event of default by any one signatory, every remaining signatory shall be responsible for timely payment of the have their rent price adjusted and all provisions of this Lease AgreementAgreement remain as is. Notwithstanding this provision, it is further agreed that in the event one or more of the Tenants shall renege reneges on this Lease Agreement by reason of health, dismissal from the University or other reason, they will remain financially responsible under the terms of this Lease Agreement. If Agreement unless they find a suitable replacement can be found by such Tenant, or if Landlord that is able acceptable to find a replacement, Landlord. Landlord may accept the new replacement Tenant and release the original Tenant from his financial responsibilityresponsibility only if the replacement Tenant signs this Agreement and pays the Security Deposit; however, the Tenant shall be held responsible for the payment of any deficieny between his payment pursuant to this Agreement and the new replacement Tenant’s lease Agreement. In either event the initial Tenants non-refundable holding fee ($300) and Tenants’ rental application processing fee ($25) are is forfeited and shall not be transferrable to any replacement Tenant. Should Tenant remain in possession of the leased property with the consent of Landlord after the natural expiration of this Agreement, a new tenancy from month to month shall be created between Landlord and Tenant, which shall be subject to all the terms and conditions hereof except that the rent can be increased in an amount to be determined by Landlord.

Description and Term. Landlord does hereby rent to Tenant, and Tenant does hereby herby lease from Landlord, in "“as is" ” condition, all that improved real property having an address of: ., ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇, ▇ for the term (“rental period”) beginning on the 25th day of August, 20 2020 and ending on the 25th day of May, 20 , 2021 for the sum of Dollars ($ , payable in two payments. First payment of is due July 1, 2020( per student). The second payment of is due January 1, 2021( per student). Payments should be made to ▇▇▇▇▇▇ ▇▇▇▇▇▇ and said sum sent to ▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇. ▇▇▇▇▇. If a student is receiving student loans or financial aid and not able to be equally divided between pay the rent in accordance to the above listed Tenants and each Tenant listed above is to pay said sum in two equal installments with mentioned terms, the 1st installment due no later then July1, 20 and student must have their parents or guardians sign a release form guaranteeing that the 2nd installment due no later then December 1, 20 rent will be paid. Additionally, any Landlord will provide such forms. Any payment which is more than five fifteen (515) days late will incur a late penalty charge of five 5 percent (5%) per rental period, which shall be paid in addition to of the total rent due. A 2% finance charge will incur every month the rent then due. Tenants acknowledge that if any one of them have is not paid either of their installment payments by the due dates then said Tenant will be denied access to the property and will not be permitted to move into the propertythere after. It is expressly understood and agreed that this Lease Agreement shall be between Landlord and each signatory signatory, individually and severally, and that in the event of default by any one signatory, every remaining signatory shall be responsible for timely payment of the rent and all provisions of this Lease Agreement. Notwithstanding this provision, it is further agreed that in the event one or more of the Tenants shall renege on this Lease Agreement by reason of health, dismissal from the University or other reason, they will remain financially responsible under the terms of this Lease Agreement. If a suitable replacement can be found by such Tenant, or if Landlord is able to find a replacement, Landlord may accept except the new Tenant and release the original Tenant from his further financial responsibility; however. You, the Tenant shall be held responsible for the payment of any deficieny between his payment pursuant to this Agreement individually and the new Tenant’s lease Agreement. In either event the initial Tenants non-refundable holding fee ($300) and rental application processing fee ($25) are forfeited and shall severally, will not be transferrable released from this Lease Contract for any reason-including but not limited to any replacement Tenant. Should Tenant remain in possession voluntary or involuntary school withdrawal or transfer, voluntary or involuntary job transfer, marriage, separation, divorce, reconciliation, loss of the leased property with the consent co-residence, loss of Landlord after the natural expiration of this Agreement, a new tenancy from month to month shall be created between Landlord employment and Tenant, which shall be subject to all the terms and conditions hereof except that the rent can be increased in an amount to be determined by Landlordbad health.

Description and Term. Landlord does hereby rent to Tenant, and Tenant ▇▇▇▇▇▇ does hereby lease from Landlord, in "as is" condition, all that improved real property having an address of: ▇▇▇▇▇▇▇▇▇Frostburg, ▇▇ ▇▇▇▇▇MD 21532, for the term (“rental period”) beginning on the day of AugustMay, 20 , and ending on the day of MayAugust, 20 , for the sum of Dollars ($ ), and said sum is to be equally divided between paid in full on or before the above listed Tenants and each Tenant listed above is to pay said sum in two equal installments with the 1st installment due no later then July1, 20 and the 2nd installment due no later then December 1, 20 date that this Lease takes effect. Additionally, any Any payment which is more than five (5) days late will incur a late charge of five percent (5%) per rental period, which shall be paid in addition to the rent then due. Tenants acknowledge that if any one of them have not paid either of their installment payments by the due dates then said Tenant will be denied access to the property and will not be permitted to move into the property. It is expressly understood and agreed that this Lease Agreement shall be between Landlord and each signatory individually and severally, and that in the event of default by any one signatory, every remaining signatory shall be responsible for timely payment of the rent and all provisions of this Lease Agreement. Notwithstanding this provision, it is further agreed that in the event one or more of the Tenants shall renege reneges on this Lease Agreement by reason of health, dismissal from the University or other reason, they will remain financially responsible under the terms of this Lease Agreement. If Agreement unless they find a suitable replacement can be found by such Tenant, or if Landlord that is able acceptable to find a replacement, Landlord. Landlord may accept the new replacement Tenant and release the original Tenant from his financial responsibilityresponsibility only if the replacement Tenant signs this Agreement and pays the Security Deposit; however, the Tenant shall be held responsible for the payment of any deficieny between his payment pursuant to this Agreement and the new replacement Tenant’s lease Agreement. In either event the initial Tenants non-refundable holding fee ($300) and Tenants’ rental application processing fee ($25) are is forfeited and shall not be transferrable to any replacement Tenant. Should Tenant remain in possession of the leased property with the consent of Landlord after the natural expiration of this Agreement, a new tenancy from month to month shall be created between Landlord and Tenant, which shall be subject to all the terms and conditions hereof except that the rent can be increased in an amount to be determined by Landlord.