C. W. Publications Bills, Budgets, and Bank Accounts Apartment Rental Agreement THIS AGREEMENT, Made this 31st _day of May between_ landlord(s), and Cary Cash tenant(s), Lake Johnson Mews. Inc. WITNESSETH, That the said landlord(s) does hereby agree to rent the following described premises situated in the Lake Johnson Mews Apartment Complex County of Wake _State of North Carolina as a _ to be used only Residence via: Tenant(s) agrees to pay the landlord(s) the sum of 629_dollars per month, payable in advance on the Ist_day of each month as rent for said premises. Tenant(s) also agrees to pay a security deposit of 99 dollars with the first month's rent. This agreement to go into effect and tenancy will begin June 1 TENANT COVENANTS WITH LANDLORD THAT 1. At the expiration of the tenant's occupancy of the premises herein, he will return the premises in as good condition as when he entered them, ordinary wear and tear excepted. 2. The premises will be kept in a neat, clean, and orderly condition during the tenancy. The walls, ceilings, and woodwork will not be marred or defaced. No motor vehicles will be driven or parked on the lawn, nor will any motor vehicles be repaired or maintained on the premises, nor will any motor vehicles not in working order and regularly used be stored or kept on or about said premises. All doors, windows, and screens will be properly handled and cared for by tenant. 3. Tenant will not house permanent guests on the premises or assign or sublet said premises without landlord's written permission. 1 All public utilities will be paid by tenant except water and sewer bills. LANDLORD COVENANTS WITH TENANT THAT 1. Landlord shall be responsible for all structural repairs to the premises except those necessitated by tenant's negligence or willful acts. Landlord shall be responsible for maintenance of lawns, walks, and roadways. we ! Landlord shall be responsible for water and sewer bills. IT IS FURTHER AGREED THAT 1. The tenancy created herein shall continue until either party shall give the other party one month's advance written notice of his intent to terminate. Landlord may change the monthly rent herein only upon giving one month's advance written notice to the tenant. WN One month's advance written notice, as used herein, shall begin at the next rent payment date after notice is given and shall run until the succeeding rent paymentdate. After one month's written notice of intent to terminate has been given by either party, landlord shall have reasonable access to the premises to exhibit them to prospective tenants. 5. If, at the expiration of the tenancy herein, tenant returns the premises to the landlord in as good condition as when tenant entered upon them, and if no rent payments are due, landlord shall refund tenant's security deposit in full. Landlord shall have the right, however, to retain the security deposit or any portion thereof reasonably necessary to compensate him for damages to the premises or rent due and owing and retains all legal and equitable remedies for breach of the covenants herein. Name: Period: | PAGE 2C. W. Publications Bills, Budgets, and Bank Accounts Activity 6: Cary's Apartment Cary finally decided on a one bedroom apartment in the Lake Johnson Mews Apartment Complex. Balcony Cary's rental agreement is shown on page 2. Use the agreement to answer Dining each of the following questions. El Living Room 1. Cary wrote the manager a check for the first month's rent and the security deposit. How much did he write the check for?................................". 5629 2. What will be Cary's total rent for the year? ......... 3. Cary's yearly rent will be what percentage of his yearly salary? (yearly salary = $38,598) ................. Bedroom Do you think this is a reasonable amount of his salary to spend on rent? Why or why not? Lake Johnson Mews From the very first day . . . you're home. Relax and enjoy a little bit of country living at beautiful Lake Johnson Mews! From our quaint courtyards to the wooded banks of Lake Johnson, our community 4. When is Cary's rent due each month? offers a unique atmosphere not found June 1 within such a short distance of so many major city conveniences. Meet your friends at the pool for a relaxing swim or on the court for a game of tennis. Treat 5. Is there a penalty for paying the rent late? yourself to an afternoon of fishing for ND bass or paddle boating at the lake. 6. What utilities are paid by the landlord? water and sewer bills 7. If Cary breaks a window, does he or the landlord pay for the repair? 8. Who is responsible for removing snow from the walks and cutting the grass? land lohd 9. Can Cary tune his car on the premises? yes 10. The landlord can not raise the rent for one year after the rental agreement is signed............. ..... True False 1 1. As long as Cary has paid his rent each month, he is guaranteed his security deposit back when he leaves the apartment. ............... True False 12. Cary must give one month's advance notice before moving........ True False 13. Cary can sublet without the landlord's permission..... True False