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THIS AGREEMENT entered into on the above indicated date and between the above indicated Lessee, called the "Tenant," and Lessor called the "Landlord," declares that Landlord hereby agrees to rent to Tenant the dwelling at the address indicated above under the following terms and conditions.
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1. Fixed-Term Agreement:
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Tenants agree to lease this dwelling for a fixed term of
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​ Upon expiration, this agreement shall become a month-to-month agreement AUTOMATICALLY, UNLESS either Tenants or Owners notify the other party in writing at least 30 days prior to expiration that they do not wish this agreement to continue on any basis.
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Tenant agrees to lease this unit on a month to month basis providing with no less than a 30 day notice to comply with the lease terms for vacating the premise. Landlord may terminate this lease at any time during the rental period. A 30 day notice will be given to the tenant so they have time to find a new place and prepare for moving arrangements.
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2. Rent:
Tenant agrees to pay Landlord as base rent the sum of per month, due and payable monthly in advance on the 1st day of each month during the term agreement. The first month's rent is required to be submitted on or before move-in. In the event the full deposit and cleaning is not paid in full at the time of signing lease, rent will increase $50 per month until the balance is paid in full. The $50 extra does not get paid towards the deposit and cleaning fee balance.
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3. Form of Payment:
Tenants agree to pay their rent in the form of cash, a cashier's check, money order made out to Atlas Real Estate Management, LLC or online through the tenant portal.
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4. Rent Payment Procedure:
Tenants agree to pay their rent by mail addressed to Atlas Real Estate Management, LLC at PO Box 414, Pocatello, Idaho 83204 (post office is one Block away, you can take the check to the office and they will post mark it and stick it in the box), or in person at the location and time designated by the Landlord. If rent is sent via mail, no cash is allowed to be sent as total cannot be verified in person by both parties and a receipt cannot be given. All mail sent to the above address must be post marked by no later than the 5th day of each month or late fees will apply as stated below.
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5. Security Deposit:
Tenants hereby acknowledge that late payment will cause landlord to incur costs not contemplated by the Rental Agreement. We allow for a 5 day grace period. In the event rent is not received by midnight of the 5th day, Tenants agree to pay a $50 late fee, plus an additional $10 per day for every day thereafter until rent is paid. Neither ill health, loss of job, financial emergency, or other excuses will be accepted for late payment.
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6. Security Deposit:
Tenants hereby agree to pay a security deposit of $50, which may be refunded upon vacating, deep cleaning, returning the keys to the landlord and termination of this contract to other terms herein agreed. This deposit will be held to cover any possible damage to the property. No interest will be paid on this money and in no case will it be applied to back or future rent. It will be held intact by Landlord until at least thirty (30) working days after the Tenants have vacated the property. At that time Landlord will inspect the premises thoroughly and assess any damages and/or needed repairs. This deposit money minus and necessary charges for repairs and cleaning, etc., will then be returned to Tenant with a written explanation of deductions, within 60 days after they have vacated the property. If the Tenant does not finish their lease term $0 of their deposit immediately becomes non-refundable.
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7. Cleaning Fee:
Tenant herby agrees to accept property in its present state of cleanliness. Tenants agree to return the unit in same condition and pay per rental contract term along with the security deposit at the time of signing contract. This fee will be used for the cleaning and maintenance of the commons area of bathrooms/hall and laundry room.
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8. Changes in Terms of Tenancy:
(This paragraph only applies when this Agreement is or has become a month-to-month agreement). Owners shall advise Tenants of any changes in terms of tenancy with advance notice of at least thirty (30) days. Changes may include notice of termination, rent adjustments, or other reasonable changes in the terms of this agreement.
9. Tenant Insurance and Property Damage:
Tenant agrees that Landlord will NOT be liable for any loss of Tenant’s property. Tenant hereby acknowledges this and agrees to make no such claims for any losses or damages against Landlord, his agents, or employees. Tenants agree to purchase insurance - at their own expense - sufficient to protect themselves and their property from fire, theft, burglary, breakage, flooding, etc. They acknowledge that if they fail to procure such insurance, it is their responsibility and they alone shall bear the consequences. Tenants acknowledge this building has had bedbugs and currently has bedbugs. Tenants have also been instructed at the time of signing this lease some but not all ways for how to protect their belongings from bedbugs and their beds. Tenant agree to allow the Landlord or its agents to treat bedrooms at any time of the duration of this lease with a 24hrs notice. Tenant is allowed to have their room treated by any pest company approved by the Landlord, said expenses will not be covered by the Landlord unless it is ordered by the Landlord and approved by the Landlord. By moving into this building, Tenant agrees to hold harmless the Landlord for any damages both physically and to physical property that might occur due to bed bugs or any other pest or rodent that enters this premise. Tenant is strongly recommended to purchase renters insurance at their cost. Tenant agrees to hold harmless and not hold liable Chris Petersen or Atlas Real Estate Management, LLC. for any damage caused to personal property on the premise of this site.
10. Abandonment:
If tenants leave the premise unoccupied for 5 days or are imprisoned due to failure to comply with the law without paying rent in advance for that month, or while owing any back rent from previous months, which has remained unpaid, the Landlord and/or his representatives have the right to take immediate possession of the property and to bar the resident from returning. Landlord will also have the right to remove any property the tenants have left behind and store it at the Tenant’s expense for no longer than 30 days.
11. Smoking policy:
This building strictly prohibits smoking within the premise. If Tenant is caught smoking or an ash tray is found within their room, a fine of $200 will immediately be applied to the next month’s rent or the tenant must move out within 30 days. Upon written notice of fine, Tenant’s security deposit will immediately become non-refundable. If caught a second time, the tenant’s lease immediately becomes terminated and Tenant must move out within 15 days.
12. Occupants:
The number of occupants is limited to 2 primary tenants per room. Only the Tenants may live in this building.
13. Lock Policy:
No additional locks will be installed on any door without the written permission of the Landlord. Landlord will be only person allowed to install if allowed. Lock to be paid for at tenant’s expense.
14. Lockouts:
Should tenants lock themselves out of their dwelling and be unable to gain access through their own resources, they may call upon professional or the Owners to let them in. In either case, they are responsible for payment of the charges and/or damages involved. Owners charge a fee of $30 for providing this service between the hours of 8 am and 4 pm, Monday through Friday, excepting holidays, and a fee of $50 for all other times. This fee is due and payable when the service is provided.
15. Condition of Premise:
The Tenants hereby acknowledge that the said property is in good condition. If there is anything about the condition of the property that is not good, they are to report it to the Landlord within 3 day of taking possession of the property. They agree that failure to file any written notice of defects will be legally binding proof that the property is in good condition at the time of occupancy.
16. Tenant Responsibility:
Good housekeeping is expected of everyone. Tenant agrees to keep quarters clean and in a sanitary condition. The Tenant agrees not to permit any deterioration or destruction to occur while they are occupying the property.
17. Alterations:
Tenant shall make no alterations, decorations, additions, or improvements in or to the premises without Landlords written consent, and then only by contractors approved by the Landlord may the work be accomplished.
18. Utilities:
Owner pays: Gas, electricity, internet, water, and sewer. Tenant is responsible for Cable if they desire, only through Cable One. Absolutely NO dishes or other service providers are allowed to install their service at the building. Window AC units are not allowed as per city ordinance for old town district. Laundry and internet are complimentary services. Owner is not responsible for any delays in service as items are being repaired or replaced. If laundry services damage clothing in any way possible, Landlord is not responsible for items put into machines by tenant.
19. Notification of Serious Building Problems:
Tenant agrees to notify Landlord immediately if roof leaks, water spots appear, flooding, leaking pipes under vanity or from faucet, electrical sparking, etc. All repairs must come through text for written records sent to the Landlord’s phone at 435-363-5048. Texts may be sent at all hours of day and night, not all texts will receive responses but repairs will be tracked and logged this way.
20. Access to Premise:
The Owner reserves the right to enter the residence at reasonable times to inspect, make necessary repairs, supply services, or show it to prospective residents, purchasers, workmen, or contractors. Whenever practicable, a 24 hr notice of the Owner’s intent to enter shall be given to the resident.
21. Subletting and Assignment:
Tenants shall not sublet the entire premises or any part of the premises, nor shall they assign this agreement to anyone else without first obtaining Landlord’s written permission. Prospective sublessees or assignees must submit an application to the Landlord and must agree to credit, background, reference, and employment verification as well as the obligation to pay a non-refundable $25 application fee. Permission to sublease will be determined by the sole discretion of the Landlord.
22. Pets: No, None, Zero!
If a pet is found on premise, Tenant has 24 hrs to remove the pet or the eviction process will begin and Tenant will have 3 days to move out and pay for all damages created by the pet. Disability pets may only be granted by Law, verification and only upon written consent of the Landlord.
23. Termination Upon Sale of Premise:
Notwithstanding any other provision of this Lease, Landlord may terminate this lease upon 45 days written notice to Tenant that the premises have been sold.
24. Return of Security Deposit/Fines assessed:
Landlord has 15 days to refund the tenant of any security deposit remaining after the assessment and cleaning has been completed by the Landlord’s cleaning company. If it is more expensive to repair/clean the room than the security deposit of $50, Tenant agrees to reimburse landlord of damages assessed with 30 days of receiving invoice from Maintenance Company. Tenant agrees to cover all attorney and court fees if they are at fault for damage to the premise for recouping construction expenses.
25. Waiver:
All rights given to Landlord by this agreement shall be cumulative in addition to any laws which exist or might come into being. Any exercise of any rights by Landlord or failure to exercise rights shall not act as waiver of those or any other rights. No statement or promise by Landlord, its agents, or employees, as to tenancy, repairs, amount of rent to be paid, or other terms and conditions shall be binding unless it is put in writing and made a specific part of this agreement.
26. Full Disclosure:
The Tenants signing this Rental contract hereby state that all questions about this Rental agreement have been answered, that they fully understand all the provisions of the agreement and the obligations and responsibilities of each party, as spelled out herein. They further state that they agree to fulfill their obligations in every respect or suffer the full legal and financial consequences of their actions or lack of action in violation of this agreement. Signature by the tenant on this Rental Agreement is acknowledgement and he/she has received a copy of the rental agreement.
27. Additional terms agreed upon between Landlord and Tenants: (Only to be prepared by Landlord)
Total due upon signing:
Prorated first month’s rent:
Deposit and cleaning fee due:
Additional rental terms:
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