Fill and Sign the Lease of Stationary Manufactured Home with Option to Purchase Form

Lease of Stationary Manufactured Home with Option to Purchase Agreement made on the ___________________________________ (date), between _____________________________________ (Name of Lessee) of __________ ___________________________________________________________________________________________ (street address, city, county, state, zip code), referred to herein as Lessee, and ____________________________________ (Name of Lessor), of ________ ___________________________________________________________________________________ (street address, city, county, state, zip code), referred to herein as Lessor. For and in consideration of the mutual covenants contained in this agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 1. Description of Mobile Manufactured Home Lessor hereby leases to Lessee and Lessee hereby leases from Lessor the following described mobile manufactured home (hereinafter called “Home”): bearing Serial Number ______________ and being more particularly described as (put specific description of Home here) _________________________________________________ _______________________________________________________________________________________________________________________________________________________________________________________________________________________. 2. RentalLessee agrees to pay as rental for the use of the Home the sum of $____________ (Dollars) per month, the first payment to made on _________________________ (date), and each subsequent payment to be made in advance on __________________________ (date). 3. Use of HomeLessee will use the Home only as a residence and shall not use it in any manner which may vitiate the insurance or increase the rate of insurance on the Home. 4. Assignment and SublettingLessee shall not sublet the Home, or any part thereof, or assign this lease agreement without Lessor’s prior written consent. 5. IndemnificationLessee agrees to indemnify Lessor for any and all claims resulting from, or
Ica named in connection with lessee's failure to provide the required insurance or to pay the insurance premium on time and in full. 6. Lease of home lessee hereby releases the lessor from any and all liability which the lessor may incur in connection with the use and management of homeless home. 7. It is understood and agreed between these parties that an owner of lessee's mobile manufactured home and a lessee's mobile manufactured home may not occupy the same physical site for less than 90 consecutive days without the written approval of lessee. 8. If the lessor of a home fails to pay any taxes due and/or fees due on its tax liability, the lessee of the home has the right to receive full and prompt legal recovery. This provision does not relieve the lessee of their other rights. 9. Leasing of homeless has an expiry date that is in the lease terms which must not be exceeded. Section ii . Additional lease: additional lease of occupancy 1. Lease of occupancy is a conditional agreement whereby an owner of a mobile manufactured home and a lessee of a mobile manufactured home may agree to be jointly responsible for a portion of the tax and/or licensing fees payable by lessee on that mobile manufactured home for an unlimited number of years. 2. The owner and lessee of a mobile manufactured home which may lease for a period of more than one year from same owner or lessee is obligated to pay a tax/license fee, as set forth in this agreement, to become jointly responsible for the taxes and licensing fees payable by lessee hereunder for any and all applicable periods up to the limit of one year, in addition to tax and/or licensing fees payable by lessee on the mobile manufactured home for the other calendar years of the lease term. 3. It is understood and agreed by these parties that the owner and lessee of a mobile manufactured HOM d will not assign, sublet, assign, or sublet this agreement without the prior written consent of lessee. 4. Each of the parties herein, by its respective contract, agrees not to assign, sublet, assign, or sublet any rights and interests they may have under this agreement not expressly prohibited by statute. 5. The agreement in this agreement is binding upon the owners and lessees of the following manufactured homes and trailer homes: a. The mobile home a b c d e