Pro-Landlord Monster Lease,
What is meant by Pro-Landlord Monster Lease
The Pro-Landlord Monster Lease is a document which states that the lease agreement is between the landlord and the tenant for a stipulated period of time. Once the time elapses called as the date of surrender, unless the contract is terminated sooner or extended, the tenant will have to vacate the premises.
The resident has to return the property as was received by them, in good condition as well as taking into consideration normal wear and tear or any act of God.
The date of possession and the date of surrender has to be identical at 7 days and the rent begins only when they have received possession of the property. If they do not deliver possession, the lease is terminated. The resident needs to take possession of the property unless it is deemed unsafe.
The rent consists of a base rent and which is modified or increased as informed by the landlord. The delivery delays are not to be considered as an extension of the due daye for payments and all payments are subject to additional rentals.
The additional rental is as the name specifies in addition to the base rent and the late fee amount. The resident also receives discounts for the rent if the premises are maintained well and if there are any payments, they will be applied to outstanding sums and then will be applied to current sums.
The base rental can increase after giving written notice to the resident atleast a stipulated number of days prior.
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