Lease Agreement Date:___________________________ THIS IS A RESIDENTIAL LEASE. IT IS A LEGALLY BINDING CONTRACT BETWEEN THE LANDLORD AND EACH TENANT. EACH TENANT SHOULD READ THIS DOCUMENT CAREFULLY. This is a joint and Several Lease, which means each tenant individually is responsible for the entire rent and damages to the property. THIS RESIDENTIAL LEASE CONTAINS WAIVERS OF YOUR RIGHTS AS A TENANT. EACH TENANT SHOULD NOT SIGN THIS LEASE UNTIL EACH TENANT UNDERSTANDS ALL OF THE AGREEMENTS IN THIS LEASE. 1. NAMES OF LANDLORD AND TENANT: Landlord: Matt McKelvy 858 Fleming Rd Indiana PA 15701 724-801-0970 Tenant(s) _______________________ Ph #-______________________ Name Email - __________________________ _______________________ Ph #-______________________ Name Email - __________________________ 2. PROPERTY TO BE LEASED: 138 S. 10th St. Indiana, PA 15701 3. STARTING AND ENDING DATE OF LEASE AGREEMENT: This lease starts on: This lease ends on: 4. August 25, 2023 May 15, 2024 THE AMOUNT OF RENT IS $ 5,300.00 FALL SEMESTER $ 5,300.00 SPRING SEMESTER TOTAL AMOUNT OF RENT $ 10,600.00. Rent is due on SEE ADDENDUM. A late fee of $25 will be assessed if rent is not paid on time. There will be a charge of $5.00 per day every day if payment is not made on the date that it is due. Checks are made payable to: Matt McKelvy A $30.00 Fee will be assessed for any NSF checks. A security deposit of $ 350.00 will be received from each tenant. 1 5. LANDLORD’S DUTIES: Landlord agrees to give Tenant possession of the leased property on the starting date of the lease. Landlord agrees to have insurance on the building where the leases property is located. Tenant’s own property is not insured by Landlord’s insurance. 6. OCCUPANTS: The leased premises shall only be occupied by the person(s) named as Tenant in this lease. Any overnight guests are limited to a two-day visit within any given week. 7. ALTERATION: Tenant must obtain Landlord’s prior written consent to paint or wallpaper the leased premises. Any alterations to the leased premises shall not be done without prior written consent of the Landlord. Cost for restoration needed for unauthorized alteration or mishap shall be borne by Tenant and could be deducted from the security deposit if not paid prior to move-out. _____ _____ Tenant initials 8. MAINTENANCE OF LEASED PREMISES: Tenant shall notify Landlord of maintenance issues as soon as they are discovered or risk financial responsibility of subsequent damages. Tenant shall maintain the premises in a clean and sanitary condition at all times. At the end of the term of lease, Tenant will leave the leased premises clean and in good condition subject to ordinary wear and tear. Tenant shall remove all Tenants’ belongings or forfeit it. ______ _____ Tenant initials 9. ASSIGNMENT/SUBLETTING RESTRICTIONS: Tenant may not assign this agreement of sublet the leased premises without the prior written consent of the Landlord. 10. UTILITIES/SERVICE: SERVICE Gas Electric Water Sewage Phone/Internet Cable Trash PAID BY TENANT TENANT TENANT OWNER TENANT TENANT OWNER 2 11. LANDLORD’S RIGHT TO ENTER: Landlord may, at reasonable times, enter the leased premises to inspect, make repairs or alteration, and to show it to potential buyers, lenders or other tenants. All efforts will be made to coordinate such visits with the Tenant. 12. PETS: Tenants may not bring or keep pets in the leased premises without prior written consent of the Landlord. 13. LAWS AND REGULATIONS: Tenant must, at Tenant’s expense, comply with all laws, regulation, ordinances and requirements of all municipal, state and federal authorities that are effective during the term of the lease agreement, pertaining to the use of the premises. Tenant must not do anything that increases the Landlord’s insurance premium. 14. DEFAULT/ABANDOMENT: When either Landlord or Tenant does not do something that they have agreed to do, it is a violation of this lease. TENANT VIOLATES THIS LEASE IF TENANT: Fails to pay rent or other charges to Landlord on time, or leaves the leased premises without the Landlord’s permission before the end of the lease, or does not leave the leased premises at the end of the lease, or does not do all of the things that the Tenant agreed to in this lease. If Tenant violates the lease, each Tenant agrees to waive notice to quit. This means that the Landlord may file a complaint in court asking for an order evicting each Tenant from the leased premises without giving each Tenant notice to quit first. 15. LEGAL FEES: The successful party in a legal action or proceeding between Landlord and Tenant relating to the nonpayment or rent or recovery of possession of the leased premises may, if legally available, recover reasonable legal fees and costs from the unsuccessful party. 16. KEYS/LOCKOUT: If Tenant needs replacement keys or needs to be let into the leased premises by the Landlord, a $40 charge will be applied to security deposit. 3 17. 18. APPLIANCES: Provide By: Maintained By: Refrigerator Range Air Conditioning Laundry Dish Washer Owner Owner N/A N/A (hookups available) Owner Owner Owner N/A N/A Owner EXPECTATIONS REGARDING SECURITY DEPOSIT: Security deposit is to be used to ensure that the apartment is left in the same condition as received (disregarding normal wear and tear). Tenant may not initiate use of security deposit towards payment of rent. Landlord may apply security deposit towards any unpaid rent. Regular cleaning and normal upkeep will help to guarantee the maximum amount of security deposit returned. Security deposit will be returned within 30 days after tenant has vacated the unit. Keys and a forwarding address should be left. Neglect to leave all keys distributed may result in a reduction from security deposit. _____ _____ Tenant initials 19. NOTICE TO VACATE PROPERTY: Tenant must give Landlord 30-days notice when planning to vacate the property, even at conclusion of lease. If Tenant does not give 30-days notice, Landlord assumes that a month-to-month tenancy will continue. If Tenant moves out without 30-days notice, Tenant is responsible for 30 days rent payment, until 30 days is fulfilled or Landlord re-rents apartment (whichever is less). _____ _____ Tenant initials ADDENDUMS: Tenants have read and understand attached addendums #1 and #2. Initial here: ______ ______ ADDENDUM #1 LANDLORD: ______ ______ ADDENDUM #2 TENANTS: __________________________________ ______________________________ ______________________________ 4 Addendum #1 to Semester Lease Agreement – Payment Arrangements Date: ___________________________ Property: 138 S. 10th St. Indiana, PA 15701 Tenant(s): Signature indicates agreement of addendum to attached lease: _________________________________ _________________________________ Provisions: - Each tenant will owe a total of $ 2,650.00 per semester. - Payments toward each semester’s rent will be due as follows: FALL SEMESTER: - AUGUST 1, 2023 -- $ 350.00 per tenant to be paid to Matt McKelvy. - AUGUST 28, 2023 -- $ 2,300.00 per tenant to be paid to Matt McKelvy. SPRING SEMESTER: - DECEMBER 1, 2023 -- $ 350.00 per tenant to be paid to Matt McKelvy. - JANUARY 22, 2024 -- $ 2,300.00 per tenant to be paid to Matt McKelvy. - If students desire to pay with financial aid, documented proof of financial aid must be provided by August 25, 2023. If using financial aid to pay, the $ 2,300.00 balance for the fall semester would be due no later than September 26, 2023, and the $ 2,300.00 balance for the spring semester would be due no later than February 16, 2024. If disbursement does not follow this schedule, documentation from the bursar’s office will be required each subsequent week. Tenants with this intent should initial here: _______ _______ 5 Addendum #2 to Semester Lease Agreement – Landlord Expectations Date: ___________________________ Property: 138 S. 10th St. Indiana, PA 15701 Tenant(s): Signature indicates agreement of addendum to attached lease: _________________________________ _________________________________ Landlord Expectations of Tenants: o No signs may be affixed to the building in any way without previous permission from landlord. o Open parties are prohibited. The only persons permitted in the house are the tenants listed above and their invited guests. If you choose to invite guests into your home, you assume legal and financial responsibility for the activities they participate in on the property and for any property damage they may cause. o If landlord receives any reports from neighbors and/or the public concerning large gatherings, disturbances, etc., the landlord and/or his representative will make arrangements for an inspection of the premises at their earliest convenience. o Any damages to the property should be reported to the landlord immediately. If deemed necessary, we will also involve the police so that a police report may be filed. Any damages deemed to be caused by tenants and/or their guests will be billed to the tenants in an ongoing fashion. o Housekeeping must be maintained to a sufficient level. Floors, walls, and other surfaces should be sanitary, and the house should be odor free. o The outside of the premises (including porches and yard) must be kept up to the standard of Indiana Borough ordinances. This includes proper management & disposal of all trash, debris, etc. Additionally, no furniture intended to be used inside the home (sofas, mattresses, other upholstered furniture, etc.) may be used on the porch or outside of the house. o Smoking Policy: While this house is not a strictly non-smoking property, there should never be evidence of smoking remaining in the house (burns, ashes, cigarette butts, and smoke smell included). 6