FLETCHER Property Management, Inc., CRMC
PO Box 21269
Little Rock, AR 72221-1269
office: 501 907-7091
fax: 501 223-3319
www.FletcherPM.com
LEASE AGREEMENT
New
®
Renew
LESSOR(s):
OWNER
, who
is
is not a licensed real estate agent and
AGENT Fletcher Property Management, Inc., CRMC®, do lease to
LESSEE(s):
being jointly and severally liable and bound by the terms of this lease, the
PROPERTY:
to be occupied ONLY by Lessee(s) and the following
OCCUPANT(s):
CONTACT INFO:
Note: Agent has an exclusive agency relationship with Owner and neither have a fiduciary or agency responsibility to Lessee(s).
TERM:
Start
Expire
RENT: $
SECURITY DEPOSIT: $
PERMITTED ANIMAL(s): Note: NO OTHER Animals are allowed on property for any reason for the entire term of this lease.
Fee:
$
#:
Named:
Described as:
are
are not allowed to be inside the dwelling at any time
KEYS & CONTROLS: Keys:
RESPONSIBILITY:
Utilities Water/Sewer
Trash
Electric
Gas
Yard Care
HVAC Filter
Smoking
Satellite dish
Owner Maintains ONLY
Garage:
Fobs:
Other Remotes:
Access Codes:
Lessee
Owner
Agent
POA
Lessee
Owner
Agent
POA
Lessee
Owner
Agent
POA
Lessee
Owner
Agent
POA
All Electric
Lessee
Owner
Agent
POA
Lessee
Owner
Agent is responsible to change/clean the HVAC filter every 3 months
is
is NOT allowed inside the property at any time by anyone
is NOT allowed
MUST be 10 foot overhead on 4x4 post in back/side yard or with cable buried
Dish is NEVER allowed to be mounted on house or roof
range gas
range elec
fridge
d/w
disposal
micro/vent
vent
washer
dryer
Lessee remains responsible for replacement water filter for fridge
VEHICLES OTHER:
RV N/A
Camper N/A
INTERPRETER:
Not needed
EMERGENCY RECIPIENT: Name:
Name:
Boat N/A
Trailer N/A
Commercial N/A
Lessee provided - name and ID:
Phone:
Phone:
Email:
Email:
CONCESSION:
N/A
ADDENDUMS:
Lead Disclosure Statement
or
$
Original Move In Report
POA/HOA Rules
Other
FUNDS PAID: Lessee owes as detailed below and must pay as noted or the entire sum will become due immediately.
1st month’s Rent: $
- Balance to be paid before receipt of keys and possession: $
nd
Prorated 2 month (monthly rate/30*days possession) $
due by
Security Deposit $
– Balance to be paid as follows: $
Non Refundable Animal Fee $
– Balance to be paid as follows: $
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Initials acknowledge receipt and review of this page _____ ______ ______ ______
1.
USE AND OCCUPANCY: Lessee may occupy property as a private residence ONLY and will NOT operate a business from the property. Lessee
will promptly notify Agent within 5 days of any change of phone number (home, work, and cell) and/or email address. Occupancy, for more
than 14 days, by any persons not named in this lease is a violation of this lease. All occupants over 18yr MUST be approved and sign lease.
2.
TERM & RENT: This lease term applies even if a change occurs in property ownership or management. Rent is due in advance on the 1st day of
each and every month, No Exceptions and only one payment per month per property is accepted without a $5 fee per separate payment.
Payment (ACH, checks or money orders – no CASH) shall be made payable to Fletcher Property Management, Inc., CRMC® and mailed to P O Box
21269, Little Rock, AR 72221-1269 or delivered to 9911 W Markham Little Rock, AR 72205. ALL rent paid after the 5th of the month must be
paid with certified funds. Under no circumstances shall Lessee withhold any amount from the prompt monthly rental payment for defects and/or
inoperative conditions. Expiration of Lease and/or renewals will be on the LAST DAY OF THE MONTH.
3.
PAYMENT APPLICATION: Except by written agreement, payments received from or on behalf of Lessee (except from a recognized assistance
program) will first be applied to the oldest outstanding charge then toward any current rents. Late fees will continue to accrue until ALL rent is paid
in full regardless of notations on the payment. No partial payments accepted.
4.
PAYMENT RETURNED: Payments are taken subject to final collection and will not be re-deposited. Lessee shall pay the maximum collection fee
allowed by Arkansas law PLUS the fees charged by the bank as a result of any payment being returned for any reason. Late fees will be charged
until the rent is paid in full. After a payment is returned, all future payments shall be with certified funds ONLY!
5.
LATE FEES: Lessee shall pay the sum of Five Dollars ($5.00) per day retroactive to and including the 1st day of the month for any payment
received by Agent after the 5th day of the month in which it is due. Delays due to postal delivery or holidays are not exempt and the postmark
date is NOT considered the date payment was received.
6.
DEFAULT & VIOLATION: Agent will begin eviction process without exception when rent has not been paid in full by the 5th of the month and
Lessee will pay all costs incurred in eviction or collection of balance due. Agent may take possession of the property and remove Lessee and
possessions without being guilty of trespass and still retain the right to collect any balance due. There is a minimum charge of $50 for service of
Notice to Vacate, which may be posted on front door of property. The violation of any portion of this lease gives Agent the immediate right to
terminate this lease and take possession of property.
7.
SECURITY DEPOSIT: Lessee’s security deposit will be held in Agent’s escrow account as compensation for any damages to the property and to
guarantee the faithful performance of this lease until ALL named Lessee’s have vacated and returned possession of the property. Lessee liability is
not limited to the amount of the security deposit. Lessee authorizes the transfer of this security deposit, less any outstanding balances
owed, to the new management should a change occur in property ownership or management with notice of such change mailed to
Lessee. Any refund will be payable to ALL Lessees named and mailed to the address provided in accordance with Arkansas Law, provided:
a. Full Term of lease has expired
b. Written notice given and effective on the last day of the month following the month given and accompanied by payment to bring
account to zero balance including rent through notice effective date. Agent is NOT obligate to prorate rent even if possession is
returned before the notice effective date.
c. Rent will continue to accrue until the lease expires and ALL keys and remotes listed have been returned
d. ALL Utilities remain on until the 3rd business day after the expiration of this lease
e. All burned out bulbs, smoke alarm battery and furnace filters replaced, no damage to property beyond normal wear and tear, no
stickers on or holes in walls or doors, and entire property was left clean, including stove, refrigerator, baths, etc
f. All of Lessee’s personal belongings, trash and debris have been removed from property
g. Exterior of property was mowed, edged and free of garbage, debris, leaves, animal feces and any unsightly items with flowerbeds weeded
h. Agent will arrange for and deduct cost of professional carpet cleaning (after keys returned) from Security Deposit. Note: heavily
stained carpet may require additional cleaning or replacement at lessee’s expense
i. Agent will have property, inside and outside, professionally treated for fleas and ticks when animal was found or permitted on the
property and deduct the cost from Security Deposit
j. No unauthorized animals have been found on the property throughout the lease term
k. End caps installed on valves at washer hookup (Agent will charge $50 to install) and Lessee remains responsible for and damage from leaks
l. No unpaid charges owed, all keys and remotes returned, and all other terms of the lease fulfilled
m. A $40 Stop Pay charge will be deducted if refund check is lost in mail and replaced within 30 days of check date
n. The cost of labor, materials and Agent coordination fee for cleanup, repairs of Lessee caused damages, unpaid charges, re-lease
fees, re-keying fees and etc will be deducted from Security Deposit
8.
ANIMAL FEE: NO ANIMALS (defined as any living organism other than human) are allowed on the property at any time unless listed as permitted
animals. Should evidence of animals be found on the property, Lessee will immediately pay a Five Hundred Dollars ($500.00) fee for violation
of this lease whether animal is temporary or permanent. Agent will remove unauthorized animals (without liability for harm, injury, death or
sickness to any animal on or being removed from the property) and all evidence, from the property and charge Lessee for all costs incurred. Lessee
will pay a $200 non-refundable fee per permitted animal for the privilege of having an animal on the property with no part of fee being
applied towards damages. Lessee also agrees:
a. To allow ONLY the animal(s) listed in this lease onto the property, and that no other animal(s) may be substituted
b. To keep the animal(s) under control at all times and restrained, but not tethered, when outside the dwelling
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c.
d.
e.
f.
g.
h.
i.
j.
k.
To not leave animal(s) unattended for any unreasonable periods
To adhere to local ordinances, including quantity, breed, leash, identification tag and licensing requirements and provide proof of same
To clean up after animal(s) and to dispose of animal(s) waste properly and quickly
To not leave food or water for animal(s) outside the dwelling where it may attract other animals
To keep animal(s) from being unnecessarily noisy or aggressive and causing any annoyance or discomfort to others
That animal(s) receive regular health care, including inoculations as recommended and provide proof of same
To pay immediately for any damage, loss or expense caused by animal(s),
To furnish the Agent with a picture of animal(s) to include Lessee or Lessee’s driver’s license
To provide proof of $300,000 Liability Insurance Coverage, paid for entire term of lease and naming Owner and Agent as additional
insured, for any permitted dog, birds, reptiles, small caged animals and/or fish tanks greater than 10 gallon in size
l. To ONLY clean fish tanks outdoors
m. To pay a fee of $50 for each semi-annual inspection when any animal is permitted by this lease
n. To notify Agent if animal reproduces and to remove offspring immediately after weaned
Agent reserves the right to revoke permission any and all animals should Lessee break any part of this Lease.
9.
EARLY TERMINATION:. Lessee must provide proper written notice of intent to vacate, bring account current to include all fees and last month’s
rent, and prepay non-refundable termination fee equal to the greater of $1500 or 2 month’s rent and prepay releasing fee equal to 50% of 1 month’s
rent, Making Lessee eligible for a refund of security deposit, less any property damages or lease compliance costs. Without proper written notice
and pre-payments, Lessee forfeits Security Deposit and remains responsible for rent, full lease compliance and any property damage until
lease and any renewals expire.
10. CONDITION OF PROPERTY: Lessee accepts property as described in the original Move-In Report and filed digital pictures, accepted as part of this
lease and any renewals thereof, and has Five (5) business days to submit in writing any additions and accepts Full Responsibility for all damages
NOT noted within the time allowed. Submissions are for documentation ONLY, no repair is guaranteed without written agreement.
11. ASSIGNMENT, SUBLETTING, ADDITIONAL OCCUPANTS: Lessee agrees to not allow anyone to share property, sublet, or assign this lease, and
that additional occupants over 18yr will complete an application, be approved and all Co-Lessees will sign a new lease. Failure to sign a new lease
shall not relieve Lessee from any obligations of this lease and shall be considered a lease violation and/or early termination of lease.
12. UTILITIES: Noted utilities are furnished without additional charge. Lessee will maintain all other utilities, without interruption, until the 3rd business
day after lease expire date or renewal thereof. Owner or Agent will disconnect all other utilities within two (2) business days of lease start date.
13. RENTER’S INSURANCE: Agent recommends Lessee obtain renters insurance.
14. VEHICLES: Lessee and/or guests will ONLY park in designated parking areas (never on the grass) and will obey all ordinances, rules and
regulations governing the property. Agent will remove any vehicle found in violation and charge Lessee for all costs incurred. Lessee will not allow
commercial vehicles, RV, Campers, Boats or Trailers on the property unless listed in this lease.
15. KEYS AND CONTROLS: Agent will retain keys and access to the property. Lessee has received the specified Keys (valued at $5.00 per key),
remote or fob (valued at $95 each) and any code to property. Lessee will pay the listed value if keys/remotes/fobs are not returned or if Lessee
does provide keys within 48 hours after having locks rekeyed or if a different brand is used. Agent is not responsible for lockouts at any time.
16. RENEWAL: Lease will convert to Month to Month lease UNLESS either party has given written notice of intent to not renew lease prior to the first
day of the expiration month and keys, remotes and thus possession are returned as agreed. If Lessee remains in possession of property
after lease expiration, Lessee will pay a full month’s rent plus a fifty dollar ($50) Month to Month fee. NOTE: Any portion of the Month to
Month lease, including rent, can be changed with thirty days written notice to Lessee. Agent may perform an interior walk through on or about
90 days before lease expire date.
With proper notice of intent to not renew given, Agent will conduct pre-move inspection, market the property and show to prospective Lessees at all
reasonable times with 24hr notice of entry (delivered at property, via email, phone, voice mail or Centralized Showing Service) and will proceed to
lease the property. Lessee will pay a fee equal to ONE MONTH OF RENT in lieu of property showings for one calendar month or if property
remains un-showable after proper Notice to Comply was given. Lessee agrees to pay for any damages resulting from failure to deliver
possession as agreed to include storage and/or hotel costs, will keep the property clean and in good order and will cooperate with showings. Lessee
may give written notice to rescind previous notice given and agrees to pay for all marketing costs currently incurred.
17. NO WAIVER: The failure of Agent to insist upon full compliance at any time does not waive the future right to insist upon full compliance.
Acceptance of rent is never a waiver for lease compliance.
18. ABANDONMENT OF PROPERTY: Lessee agrees to notify Agent in writing of any absence from property in excess of seven (7) days and remains
fully responsible for property during absence. Without such notice, Agent will post a 72 hour Notice of Abandonment and if Lessee fails to respond,
all abandoned property will be disposed of per 18-16-108 of the Landlord and Lessee Law.
19. MILITARY CLAUSE: This lease may be terminated without penalty if Lessee submits proper written notice of intention to vacate, provides military
orders for a Permanent Change of Duty Station (PCS) or deployment for not less than 90 days and fulfills all other terms of this lease.
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20. PROPERTY CARE AND MAINTENANCE: Lessee agrees:
a. To keep all outside areas free of garbage, debris, animal feces and any other unsightly items
b. To properly care for the yard, shrubbery, trees to include watering, leaf removal, trimming hedges, and routine lawn maintenance performed a
minimum of twice each month if Lessee is listed as responsible party and will promptly pay all costs incurred if Agent must contract to have
property brought into compliance.
c. To regularly test the smoke detector, replacing batteries as needed and to notify Agent of any malfunction of the smoke detector
d. To keep the property clean and sanitary inside and out and to not mar or deface the walls, woodwork, or any part of property
e. To immediately notify Agent in writing of any accident or injury to any person or to the property
f. To submit WRITTEN REPAIR REQUESTS online, email, fax or to pay a $50 fee for verbal repair request and to pay for damages caused as
a result of failure to report a problem in a timely manner. Agent is not obligated to make repairs unless Lessee’s account is current or
has acceptable payment plan. Repairs to the heating and air conditioning system are not usually considered an emergency! Do not
block or cover the HVAC vents.
g. To allow service technician to enter property to perform repairs requested or noted
h. To pay for all cost incurred by unnecessary service calls, negligence and failure to keep scheduled appointments or for multiple
service calls within a 30 day period which could have been accomplished with a single service call.
i. To pay cost of any repair deemed by a service person to be either caused by or could reasonably have been prevented by Lessee.
j. To not hold Agent liable for damages, rent credit or compensation due to the temporary breakdown or discontinuance of service
until repairs are completed.
k. To not make any repair without Agent’s written permission, regardless of the cause
l. That all decisions regarding repairs, including whether to repair or replace, and the selection of contractor will be made by Lessor
m. To pay for carpet cleaning, by Agent approved company, when deemed necessary during occupancy
n. To cause, and pay for, the pilot lights to be lit unless need arises from a failure of the equipment
o. To pay in full, after the first 30 days of occupancy, for clogged sewer lines, commodes, garbage disposals, sinks, tubs, showers so
long as stoppage was not caused by age or roots
p. To take all measures necessary to insure that water lines do not freeze, including but not limited to, turning off water supply to outside
faucets and allowing inside faucets to 'drip' when freezing could occur and promptly paying for damage caused by frozen and/or busted
plumbing regardless of measures taken
q. To take all measures necessary to prevent damage to floors, carpets and drapes from rain or other water
r. To accept responsibility for damage resulting from any act of vandalism or forced entry
s. That pest control, unless reported in the first thirty days of lease, is Lessee’s responsibility and will be done in a timely manner and that
Agent will NOT be responsible for any treatment of fleas or ticks at any time: before, during, or after occupancy
t. To no longer use the fireplace when provided written notice that it has been deemed unusable
u. That repair or replacement of fence is not guaranteed since fence ownership is difficult to determine
v. To be responsible for damage caused by leaky washing machine or hoses unless appliance is maintained by Owner and leak was reported
21. RULES AND REGULATIONS: Lessee agrees:
a. That Agent can institute other rules and regulations as necessary which will become part of this lease with proper 30 day notice
b. That Agent or representatives shall have the right to enter the property with a Notice of Intent to Enter delivered by phone, CSS, email, mail or
posting on door 24 hours prior to entry
c. That no alterations, additions or improvements shall be made to the property without written consent and when approved become
part of the property with Lessee agreement to pay the cost of removal or return to original condition for any unauthorized
alternations, additions or improvements made
d. To pay for any security system installed (wiring must run under house or in attic) and will promptly give the access code to Agent and
Lessee remains responsible for any damages to property
e. To not mar the walls, ceilings or woodwork in any way and that no unauthorized signs or advertising notices shall be displayed on the property
f. To not allow any item or activity on the property that would increase the insurance cost for the property, Owner or Agent
g. To allow no use of controlled substances (Including alcohol and prescription medications) on the property that will either disturb the peace and
quiet enjoyment of neighbors or endanger the health, safety, or well-being of Lessee, guests or neighbors to the property
h. That any form of illegal drug activity is grounds for eviction and in clear violation of the lawful use of this property
i. To commit no act causing any nuisance to any neighbor. Loud noises (including animals) which disturb others are prohibited at all times
j. To promptly pay a minimum charge of $50.00 for service to Lessee of any Notice of Non-Compliance
k. That there is NO justification recognized for refusal to make prompt rental payments due to defects and/or inoperative conditions
l. To not use any water filled furniture on the property unless insurance is provided to cover potential damages
m. That NO verification of rent or history will be provided until ALL terms and conditions of this lease have been fulfilled and account is
paid current, including the final month’s rent
n. That Agent will charge a coordination fee for any charges billed back to Lessee
o. To pay a $150 admin fee for any Lessee changes (ie Lessee added or removed) made once lease has started
22. MOLD AND MILDEW: Lessee is responsible to prevent occurrence and agrees:
a. To keep property properly ventilated & all surfaces cleaned, disinfected and dry, using fans, if necessary
b. To maintain temperature between 50 and 80 degrees Fahrenheit within property at all times
c. To IMMEDIATELY report in writing to Agent evidence of leaks, odors, excessive moisture or discoloration that reappears after cleaning
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d.
e.
f.
g.
h.
To be responsible for property damage or health problems that may result from Lessee(s) failure to comply with this lease. Noncompliance
shall be deemed a material violation of lease and Agent is entitled to exercise all rights and remedies it possesses at law or in equity and
Lessee(s) shall be liable for damages sustained to the property.
To hold Agent harmless for damage or injury to person or property as a result of Lessee(s) failure to comply
To hold Agent harmless and to look solely to Owner in the event of litigation or claims for injury, damage, or harm suffered due to mold
To vacate property in the event Agent feels there are conditions in the property which may pose a safety or health hazard
To pay for and independently determine the competency of any Inspector, should Lessee(s) require an inspection
23. LESSEE DEATH/EMERGENCY: Agent is authorized to allow the named Emergency Recipient(s) to enter property, remove possessions, pay any
balance due, maintain Lessee responsibility for the term of this lease and accept any refund of Security Deposit in the event Lessee becomes
seriously ill (hospitalized for 7 days or more), missing (unable to be contacted by landlord for 7 days or more) in jail, penitentiary or deceased.
24. EXCEPTIONS: Request for exceptions or reasonable accommodations must be submitted and approved in writing and become part of this lease.
25. CONCESSIONS: Any rental concession given is contingent upon the completion and full compliance of all terms of the lease agreement. If Lessee
fails to meet the terms of the lease agreement, or terminates the lease prior to the lease expiration, the amount of the concession is due and payable
in full along with any other applicable fees or rent.
26. RIGHT CUMULATIVE: The rights of Agent under this lease shall be cumulative and if any portion of lease is determined to be invalid by any court of
law, all other portions remain in full force and effect. Lessee’s application is an integral part of this lease and is incorporated by reference.
Any misrepresentations, misleading or false statements made by Lessee and/or discovered will at Agent’s option void this Lease.
27. LEASE VIDEO/DVD: Lessee has viewed the Lease Presentation DVD either at the office of Agent or online at www.FletcherPM.com and
agrees that all questions were answered prior to signing this lease and that this signed lease will prevail in the event of conflict.
28. This lease and addendums are a legally binding contract upon all parties, to include but not limited to, the respective heirs, executors,
administrators, successors, and assigns. IF NOT UNDERSTOOD, SEEK COMPETENT LEGAL ADVICE BEFORE YOU SIGN IT!
Signed and receipt acknowledged this ____________ day of __, 20__
___________________________________________, Lessee
______________________________________________
Fletcher Property Management, Inc., CRMC®
Agent
___________________________________________, Lessee
___________________________________________, Lessee
__________________________________________, Lessee
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