EXHIBIT 10.47
RENTAL AGREEMENT
DATE: APRIL 8, 1999
Xxxxxx Xxxxx, hereafter RESIDENT, agrees to lease from Summit Management
Company, hereafter MANAGEMENT, Apartment 16-10908 of the Apartment Community
upon the following terms and conditions:
1. The initial term of this agreement shall begin on 4/8/99 and end on 3/31/00.
2. Rent is payable monthly and in advance at the rate of $1220.00 per month
on the first day of each calendar month at the office of MANAGEMENT.
Rental payments shall be governed in accordance with the attached lease
agreement.,
3. RESIDENT has paid MANAGEMENT a Security Deposit in the amount of $0. This
Security Deposit shall be held in a trust account with N/A and shall be
governed in accordance with the terms outlined in the attached lease
agreement.
4. MANAGEMENT shall pay for water, trash removal and common area utilities.
RESIDENT shall pay for all other utilities used at the aforementioned
apartment, including but not limited to, telephone service.
5. IN ADDITION TO THE PROVISIONS SET FORTH ABOVE, ALL TERMS AND PROVISIONS SET
FORTH IN THE STANDARD LEASE AGREEMENT ATTACHED HERETO ARE BY THIS REFERENCE
INCORPORATED HEREIN. RESIDENT HEREBY AGREES THAT RESIDENCY SHALL BE
GOVERNED BY ALL THE PROVISIONS SET FORTH ON THE ATTACHED STANDARD LEASE
AGREEMENT AS IF SUCH PROVISIONS WERE SET FORTH ON THIS PAGE. RESIDENT
HEREBY CERTIFIES AND AGREES THAT ALL THE RESIDENTS SIGNING THIS LEASE
AGREEMENT HAVE FULLY EXAMINED , READ AND UNDERSTAND THE STANDARD LEASE
AGREEMENT ATTACHED HERETO AND UNDERSTAND THAT THOSE PROVISIONS ARE PART OF
THIS AGREEMENT.
/s/ ( illegible )
Authorized Signatiure of MANAGEMENT, as Agent for Owner
/s/Xxxxxx X. Xxxxx April 8, 99
RENTAL CONCESSION ADDENDUM
This addendum to the lease agreement dated APRIL 9, 1999 between Summit
Management Company, as Agent for Owner, (Management) and XXXXXX XXXXX (RESIDENT)
shall be incorporated in and made part of the aforesaid lease.
1. It is agreed and understood by both parties that the RESIDENT has received
a rental incentive as follows
STARTING April 8, 1999 RESIDENT WILL RECEIVE A CONCESSION OF $102.00
OFF MARKET RENT MAKING RENT $1118.00 PER MONTH (PLUS $500.00 FOR
FURNITURE RENTAL) EXPIRING ON MARCH 31, 2000.
In the event that the aforementioned Lease is not fulfilled, the RESIDENT agrees
to reimburse MANAGEMENT in the amount of $1220.00, which is the total value of
the rental incentive listed above. This amount shall be reimbursed to MANAGEMENT
by RESIDENT prior to RESIDENT vacating premises.
Authorized Signature of MANAGEMENT, As Agent for Owner
/s/ Xxxxxx X. Xxxxx
Resident
APT#16-10908
PAYMENT POLICY AND CREDIT RECORD
4. Rent is due on the first of each month. Rent is considered late on the
second of the month. Late fees of $75.00 will be charged on the sixth of
each month. Late fees are considered additional rent.
/s/ DJH
Initials
/s/ DJH
Initials
4. Your payment history will become a permanent part of your credit history
through Equifax Credit Reporting Systems (CBI). Any late payments will be
reported as derogatory credit to the bureau.
/s/ DJH
Initials
/s/ DJH
Initials
4. If attorney's fees have to be levied for non-payment of rent, a minimum
charge for those attorney's fees are $350.00
/s/ DJH
Initials
/s/ DJH
Initials
4. It is understood that a sixty (60) day written notice of my intent to
vacate or renew the lease agreement is required. If a 60-day notice is not
given in writing, my lease will be automatically be renewed on a month to
month basis which will be charged at the rental rate of the current market
rent plus a $75.00 month to month fee. This month to month lease will
continue on a monthly basis until a 30-day notice is given of an intent to
vacate.
DJH
Initials
DJH
Initials
Signed this 8th day of April, 1999.
/s/ Xxxxxx X. Xxxxx
-------------------------
Resident
Resident Apartment#16-10908
MANAGEMENT REPRESENTATIVE
SUMMIT PLANTATION LEASE ADDENDUM
You are obligated to pay all of the rent as it becomes due under the terms
whether or not you occupy the premises, have defaulted under the lease, have
abandoned the premises, or the lease is terminated because of your default. Not
withstanding the foregoing, however, we will release you from your obligations
under the lease including your obligation to pay rent hereunder upon fulfillment
of the following terms and conditions:
1. You give us written notice of your intention to vacate the premises 60 days
prior to the date on which you intend to vacate the premises.
2. You tender A termination fee equal to two months which equals $2440.00. The
termination fee is due and payable on the last day that you reside in your
apartment.
3. You surrender the premises in an undamaged condition acceptable to us in
our sole discretion on the date that you intend to vacate the premises.
4. Security deposit in the sum of $100.00 FORFEITED. I hereby agree to the
following conditions.
/s/ Xxxxxx X. Xxxxx
Lessee
Lessee
Lessee
Lessor
DATE
Bldg#16-10908
WATER/SEWER ADDENDUM
I (WE) am aware that paying for water and sewage is part of this rental
agreement. If my water/sewer xxxx is not paid, I understand that I will be in
direct violation of my lease. Eviction proceedings may occur according to
paragraph four of the rental agreement if payment is neglected.
/s/ Xxxxxx X. Xxxxx April 8, 1999
RESIDENT DATE
RESIDENT DATE
RESIDENT DATE
MOLD AND MILDEW ADDENDUM
Resident acknowledges that the apartment unit is located in Florida which has a
climate conducive to the growth of mold and mildew, and that it is necessary to
provide proper ventilation and humidification of the apartment to retard and
prevent mold and mildew. Resident agrees to be responsible for properly
ventilation and dehumidifying the apartment and the contents to retard and
prevent mold and mildew and that Management shall not be responsible for damage
to the apartment or the personal property of the resident for damages caused by
mold and mildew.
/s/ Xxxxxx X. Xxxxx
Resident
Summit Plantation Representative
Apt #16-10908
DIGITAL BROADCAST SIGNAL DISH
Resident Agreement
In accordance with the FCC ruling concerning the "Implementation of Section 207
of the Telecommunications Act of 1996", I understand that I may choose to
purchase and install a satellite dish otherwise known as a DBS(digital broadcast
signal) satellite dish. I understand that, in addition to allowing the purchase
of a DBS dish within a multifamily housing community, Section 207 of the
Telecommunication Act also outlines the parameters governing the installation of
the dish. These parameters are outlined below;
1. I/We understand that there is to be no drilling of any kind into the
balcony railings, balcony flooring, patio floor, patio railings, roof,
doorways, or walls.
2. The satellite dish must be kept within the boundaries of my apartment
dwelling only, not one adjoining or shared by another resident and not to
be extended by any devise such as a pole beyond the balcony railing. The
dish may not be attached to the outside wall, outside windowsill, or common
area balconies, stairwells or grounds.
3. I/We will give a copy of my liability insurance to the management
representative upon acquiring a satellite dish that will cover my property,
as well as any injury caused by the dish to myself, my property, as well as
but not limited to any other property or people.
4. The size of the dish may be no more than 1 meter in diameter.
5. I/We will obtain written authorization from the owner/manager of this
community prior to the installation of a DBS dish.
6. I/We will be responsible for any damages to property as a result of the
installation, removal and/or operation of the DBS dish.
/s/ Xxxxxx X. Xxxxx
RESIDENT SIGNATURE APT#16-10908
RESIDENT SIGNATURE COMMUNITY MANAGER
DATE
1. PETS: No pets allowed except with expressed written consent and approval of
Management and the execution of a Pet Addendum. An additional deposit will
be required, a portion of which is non-refundable. The entire security
deposit may be applied against damages to the apartment in the event of
default by the Resident under the Lease Agreement.
2. Our Professional Landscaping: Help us maintain our clean and attractive
community by discarding your cans, cigarettes, paper, bottles, trash, etc.
in the proper containers provided. When walking your pet please use the
designated pet areas and clean up after your pet. Utilize all walkways
provided and refrain from walking through our landscaped areas.
3. Trash Disposal: Plastic trash bags are required to take your trash to the
dumpsters or compact areas. At no time is trash (bags, boxes, etc.) To be
left outside your doorway or in the breezeway. Break down any boxes before
placing them in dumpster., Do not dispose of heavy equipment, furniture or
large waste in the dumpsters or compactors. Such items should be taken to
the dump directly.
4. Guests: Residents shall be responsible and liable for the conduct of their
guests. Acts of guests in violation of the lease agreement or of
management's "Rules and Regulations" may be deemed by Management to be a
breach by resident. Any guest that will be staying in excess of 7 days must
be registered with the management/leasing office.
5. Amenities: Residents must abide by the posted regulations at each amenity.
Children under 16 must be accompanied by an adult.
6. Decorating Your New Home: Modifications to walls, shelves, closets, or
counters cannot be made to the apartment without prior written approval
from the Community Manager. Draperies must be lined with white materials so
exposure to the outside is consistent throughout the community. Patios and
balconies are not to be used as storage. In addition, please refrain from
hanging garments, towels, or other items over the railings. Plants are not
allowed on the balcony railings for safety reasons. Signs, additional
lighting, awnings, storm doors, markings, or other exterior additions need
to be approved by the Community Manager. Please do not store anything in
the A/C or hot water heater closet as this may cause the equipment to
malfunction or may cause a safety hazard.
7. Architecture: To maintain our architectural integrity refrain from erecting
radio or television aerials, dishes, or wires of CB base stations on any
part of the premises.
8. Neighbors: Respect the privacy of your neighbors with regard to loud
televisions, stereos, radios, and parties. All noise complaints should be
called into the local police first and then into the management/leasing
office.
9. Grilling: In accordance with fire laws, grilling of any kind (charcoal,
gas, or electric) is not allowed on patios or decks at any time.
10. Telephone and Cable: Telephones and cable TV's may only be connected at the
original wired locations provided by the telephone and cable company's.
Additional drilling, cutting or boring for wires is not permitted without
prior permission from your Community Manager.
11. Laundry Room: Please remove clothing promptly from machines. Use of tints
and dyes are not allowed. Report any malfunctions to the management/leasing
office as soon as possible.
12. Security Deposits: To avoid misunderstandings concerning the security
deposit, the following information is provided. RELEASE OF THE SECURITY
DEPOSIT IS SUBJECT TO THE FOLLOWING PROVISIONS:
1. Full term of the lease has expired.
2. a written sixty(60) day notice of intent to vacate must be given.
3. No damage to property beyond normal wear and tear.
4. Entire apartment is clean and refrigerator is defrosted.
5. No unpaid legal charges, delinquent rent, or other fees.
6. The "Apartment Inspection Form" must be completed at move-in and
signed by both the Community Manager and resident. All keys must be
returned and a walk of the apartment home is done with a management
representative. At this time the "Apartment Inspection Form" must be
completed to assure the apartments condition.
7. All debris, rubbish and discards placed in proper rubbish containers.
8. Your check will be mailed to you from our home office to your
forwarding address left with a management representative. The check is
made out jointly to all parties on the lease.
9. Charges for damage, cleaning, repair, and all delinquent rents or fees
will be deducted from the deposit. 10. Your security deposit cannot be
applied to your last month's rent.
I/We hereby acknowledge that we have read the foregoing Rules and Regulations
and agree to abide by each one.
/s/ Xxxxxx X. Xxxxx April 8, 99
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Resident Date Resident Date
Community Manager Date
