Condominium Document

Short Form Condominium Lease

Lease Agreement made on the day of , 20 , between

of
referred to herein as Lessee, and , of
referred to herein as Lessor.

1. Premises Leased. For and in consideration of $ paid by the Lessee, which is acknowledged to have been received as part payment of rent accruing under this Lease, and in further consideration of the terms and conditions of this Lease, Lessor hereby leases to Lessee Condominium Unit Number , hereinafter called the Unit, of , hereinafter referred to as the Condominium, together with a % undivided interest in the common areas and facilities of the Condominium as described in this Lease, and together with the exclusive right to use Storage Bin Number and Parking Space Number . The Unit and the rights appurtenant to the Unit are hereinafter called the Premises.

2. Term of Lease. The term of this Lease is from to and including , for the total rent of $ .

3. Payment of Rent. Lessee agrees to pay Lessor rent in the amount of $ per month, due and payable in advance to Lessor on the day of each month. Lessee further agrees to pay any and all condominium common area and facilities maintenance payments for the terms of this Lease. Such payments are presently $ per month, and are payable to . Lessee agrees to pay for any additional increases in the common area and facilities maintenance costs that may occur during the term of this Lease.

4. Condition of Unit. The parties agree that the Unit has been rented in good order and repair. Lessee acknowledges that he has inspected the Unit, and the Unit is in good order except as otherwise noted in writing to Lessor.

5. Utilities. The following utilities are the sole expense of Lessee:

6. Lessee’s Covenants

A. Lessee agrees not to use or permit the Premises to be used for any illegal, immoral, or improper purposes; not to make or permit any disturbance, noise or annoyance detrimental to the Premises or to the comfort and peace of any of its inhabitants or neighbors; and not to use the Premises for any purpose other than as a private dwelling for Lessee and the members of Lessee's family. Lessor reserves the right to terminate this Lease at any time this condition is violated.

B. Lessee agrees not to assign this Lease or to sublet any part of the Premises except with the written consent of Lessor.

C. Lessee agrees to pay the cost of repairing all damage to the Premises caused by Lessee or members of Lessee's family, and agrees to leave the Premises in an orderly, clean and sanitary condition identical to that in which the Premises are rented (with the exception of ordinary wear and the decay and damage by fire or the elements only).

D. Lessee agrees that if default is made in the payment of rent, or if any of the terms of this Lease are violated, Lessee waives all right of notice to vacate, and Lessor will be entitled to re-enter and retake possession immediately, and the entire rent for the next rental period will be due and payable at once.

7. Lessor’s Right to Inspect and Show Premises. Lessor agrees that Lessee is entitled to the quiet and peaceful enjoyment of the Premises. However, Lessor reserves the right to inspect the Premises as necessary, and to show the Premises to prospective tenants during the days prior to the expiration of this Lease. If this Lease is executed by more than one individual as Lessee, all obligations incurred by the Lessee are joint and several.

8. Lessor’s Right of Termination. Lessor reserves the right to terminate this Lease at any time if default is made in the payment of rent, or if any of the terms of this Lease are violated.

9. Severability
The invalidity of any portion of this Agreement will not and shall not be deemed to affect the validity of any other provision. If any provision of this Agreement is held to be invalid, the parties agree that the remaining provisions shall be deemed to be in full force and effect as if they had been executed by both parties subsequent to the expungement of the invalid provision.

10. No Waiver
The failure of either party to this Agreement to insist upon the performance of any of the terms and conditions of this Agreement, or the waiver of any breach of any of the terms and conditions of this Agreement, shall not be construed as subsequently waiving any such terms and conditions, but the same shall continue and remain in full force and effect as if no such forbearance or waiver had occurred.

11. Governing Law
This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of .

12. Notices
Unless provided herein to the contrary, any notice provided for or concerning this Agreement shall be in writing and shall be deemed sufficiently given when sent by certified or registered mail if sent to the respective address of each party as set forth at the beginning of this Agreement.

13. Attorney’s Fees
In the event that any lawsuit is filed in relation to this Agreement, the unsuccessful party in the action shall pay to the successful party, in addition to all the sums that either party may be called on to pay, a reasonable sum for the successful party's attorney fees.

14. Mandatory Arbitration
Notwithstanding the foregoing, and anything herein to the contrary, any dispute under this Agreement shall be required to be resolved by binding arbitration of the parties hereto. If the parties cannot agree on an arbitrator, each party shall select one arbitrator and both arbitrators shall then select a third. The third arbitrator so selected shall arbitrate said dispute. The arbitration shall be governed by the rules of the American Arbitration Association then in force and effect.

15. Entire Agreement
This Agreement shall constitute the entire agreement between the parties and any prior understanding or representation of any kind preceding the date of this Agreement shall not be binding upon either party except to the extent incorporated in this Agreement.

16. Modification of Agreement
Any modification of this Agreement or additional obligation assumed by either party in connection with this Agreement shall be binding only if placed in writing and signed by each party or an authorized representative of each party.

17. Counterparts
This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which together shall constitute but one and the same instrument.

18. Compliance with Laws
In performing under this Agreement, all applicable governmental laws, regulations, orders, and other rules of duly-constituted authority will be followed and complied with in all respects by both parties.

WITNESS our signatures as of the day and date first above stated.

(Acknowledgements before a Notary Public)