Lease Agreement
Team Project Contract-Lease Assignment
This Residential Lease Agreement (hereinafter “Lease”) is entered into this the 10-01-11, by and between the Lessor: George Murphy, (hereinafter referred to as “Landlord”), and the Lessee(s): Benjamin Potter for the Potter Corporation. All Lessees (hereinafter referred to collectively as “Tenant”), are jointly, severally and individually bound by, and liable under, the terms and conditions of this Lease. 1. GRANT OF LEASE: Landlord does hereby lease unto Tenant, and Tenant does hereby rent from Landlord, solely for use of space on the building roof for the construction of a sign owned by The Potter Corporation. The building is located in Clark County, with the address of: 1234 S. County Line Road Roderick, IN. 2. TERM OF LEASE: This Lease shall commence on the 1st day of October, 2011, and extend until its expiration on the 31th day of October, 2013.
3. SECURITY DEPOSIT: Upon execution of this Lease, Tenant shall deposit the sum of $1,000.00; to be held by Landlord as a security deposit for reasonable cleaning of, and repair of damages to, the premises upon the expiration or termination of this Lease, or other reasonable damages resulting from a default by Tenant.
Tenant shall agree that if the Tenant shall fail to take possession of the premises or shall repudiate the lease before the beginning of the term, the Landlord shall keep the deposit as liquidated damages for such breach and any other money paid in reference with this lease agreement. Tenant shall be liable to Landlord for all damages to the leased premises upon the termination of this Lease, ordinary wear and tear excepted. Tenant is not entitled to interest on the security deposit.
Tenant may not apply the security deposit to any rent due under this Lease. If Landlord sells or assigns the leased premises, Landlord shall have the right to transfer Tenant’s security deposit to the new owner or assignee to hold under this Lease and
This Residential Lease Agreement (hereinafter “Lease”) is entered into this the 10-01-11, by and between the Lessor: George Murphy, (hereinafter referred to as “Landlord”), and the Lessee(s): Benjamin Potter for the Potter Corporation. All Lessees (hereinafter referred to collectively as “Tenant”), are jointly, severally and individually bound by, and liable under, the terms and conditions of this Lease. 1. GRANT OF LEASE: Landlord does hereby lease unto Tenant, and Tenant does hereby rent from Landlord, solely for use of space on the building roof for the construction of a sign owned by The Potter Corporation. The building is located in Clark County, with the address of: 1234 S. County Line Road Roderick, IN. 2. TERM OF LEASE: This Lease shall commence on the 1st day of October, 2011, and extend until its expiration on the 31th day of October, 2013.
3. SECURITY DEPOSIT: Upon execution of this Lease, Tenant shall deposit the sum of $1,000.00; to be held by Landlord as a security deposit for reasonable cleaning of, and repair of damages to, the premises upon the expiration or termination of this Lease, or other reasonable damages resulting from a default by Tenant.
Tenant shall agree that if the Tenant shall fail to take possession of the premises or shall repudiate the lease before the beginning of the term, the Landlord shall keep the deposit as liquidated damages for such breach and any other money paid in reference with this lease agreement. Tenant shall be liable to Landlord for all damages to the leased premises upon the termination of this Lease, ordinary wear and tear excepted. Tenant is not entitled to interest on the security deposit.
Tenant may not apply the security deposit to any rent due under this Lease. If Landlord sells or assigns the leased premises, Landlord shall have the right to transfer Tenant’s security deposit to the new owner or assignee to hold under this Lease and