← 917 Pawnee Ave, Memphis, TN 38109 · All properties

Lease Agreement - 2020 - 917 Pawnee Avenue, Memphis, TN 38109.pdf

This page is a searchable text preview. Use the Dropbox link for the full original file.

Open full file in Dropbox

What This File Appears To Be

DocuSign Envelope ID: AF205458-FCD7-483F-BF35-BD73699286F5 RESIDENTIAL LEASE AGREEMENT Date: 09/14/2020 1. LANDLORD NAME: CrestCore Realty LLC, as agent for the owner of the Premises LANDLORD ADDRESS: 4435 Summer Ave Memphis, TN 38122 PHONE: 901-385-3119 2. RESIDENT/TENANT NAME: 1 2. 3. 4. 2. RESIDENT/TENANT MOBILE PHONE(S): 3. 4. 1 2. RESIDENT/TENANT MOBILE PHONE PROVIDER: 3. 4. ALTERNATE PHONE(S): 1. 3. 2. 4. OTHER OCCUPANT(S): 2 OCCUPANTS PHONE: RESIDENT EMAIL ADDRESS: RESIDENT ADDRESS: 1 2 3

Text Preview

DocuSign Envelope ID: AF205458-FCD7-483F-BF35-BD73699286F5

RESIDENTIAL LEASE AGREEMENT
Date:

09/14/2020

1.
LANDLORD NAME:

CrestCore Realty LLC, as agent for the owner of the Premises

LANDLORD ADDRESS:

4435 Summer Ave Memphis, TN 38122

PHONE:

901-385-3119

2.

RESIDENT/TENANT NAME:

1

2.

3.

4.

2.
RESIDENT/TENANT MOBILE
PHONE(S):

3.

4.

1

2.

RESIDENT/TENANT MOBILE
PHONE PROVIDER:

3.

4.

ALTERNATE PHONE(S):

1.
3.

2.
4.

OTHER OCCUPANT(S):

2
OCCUPANTS PHONE:

RESIDENT EMAIL ADDRESS:

RESIDENT ADDRESS:

1
2
3
4.

917 Pawnee Ave
Memphis

TN

38109-5032

EMAIL: Resident Portal ID
3.
LEASE TERM:

Months

START DATE:
MOVE-IN DATE:
4.
Base Monthly Amount Due:

LEASE RENEWAL:

12
10/01/2020
04/02/2020

END DATE:

Monthly Base Rent

$

Total Base Monthly Amount Due

$

09/30/2021

$788.00
$788.00

Total Base Monthly Amount Due for Initial
Lease Term

$

$0.00
$9,456.00

5.
DEPOSITS:

Security Deposit

$

$750.00

10/01/2020

DocuSign Envelope ID: AF205458-FCD7-483F-BF35-BD73699286F5
OTHER FEES

$0.00
$0.00
$ 0

Non-refundable Fees including Pet $
Deposit
TOTAL

6.
KEYS:

RESIDENCE
REMOTE
GARAGE
STORAGE

7. INITIAL TERM: The initial term of this Lease shall commence and end as outlined in Section 3.
8. LEASE EXPIRATION AND RENEWAL: Prior to Lease expiration, Landlord may, but is not obligated to, send a renewal offer to Resident. At the
end of the original term of this Lease, it automatically renews for a one year period under the same terms and conditions, except rent which will
increase by three (3%), contained in this Lease unless either party (Landlord or all Residents) notifies the other, in writing, at least sixty (60) days
in advance of the expiration date of the original Lease term that the Lease will not be renewed. Oral notice of termination or oral discussion of
same has no validity under this Lease. All notices by Resident to Landlord shall be in writing and shall be sent by email, First Class U.S. Mail,
hand delivery, overnight carrier or certified or registered U.S. mail, postage prepaid, addressed, for the Landlord, to the address on the first page
of this Lease and, for the Resident, the address of the Premises or email address on the first page, if applicable, and must specify, in writing, the
exact move-out date which will be considered unchangeable. Any notice tendered by Resident shall be signed by all Residents. Upon expiration of
the time specified in the notice, Resident agrees to surrender the Premises in “broom-clean” condition, ordinary wear and tear accepted. Resident
shall continue to be responsible for rent or other damage by failure to make proper delivery of the Premises together with the keys and cleared of
all personal property. If Resident vacates prior to the expiration of this agreement or any extensions hereto, by suit or otherwise, it is understood
Resident will be liable for additional rental sums until the Premises are re-rented and occupied or until this agreement expires.
__ Tenant Initials

9. HOLDOVER: It is agreed between the parties that should Resident give notice to vacate at the end of the tenancy or any extension thereof and
fail to surrender possession of the Premises in accordance with said notice, Resident will pay in advance and without notice or demand, the daily
rental value for the Premises based on a pro-ration of the monthly rental amount provided for in the Lease for each day he or she remains in the
Premises. It is further agreed and understood that the acceptance by the Landlord of the daily rental value payments shall in no way alter or waive
any other right of Landlord at law or in equity. In the event the Resident fails to relinquish possession of the Premises in accordance with said
notice, Landlord may declare this agreement in default. Landlord may then institute such actions applicable under law and do so without notice or
demand, notice and demand being hereby expressly waived, and Resident will pay Landlord’s reasonable attorney’s fees. The election of this
remedy by Landlord shall not be sole or exclusive.

10. OPTION FOR EARLY TERMINATION: Resident is expected to remain a Resident for the entire term specified in the Lease. If Resident fails to
do so, Resident will be responsible to Landlord for all damages provided by law and under this Lease, including, but not limited to, rent due
through the end of the term, minus rents paid by a replacement resident (if any). This amount will vary depending upon how long it takes Landlord
to find a replacement resident which typically cannot be determined in advance of move-out.
To avoid this uncertainty, Resident may choose to exercise an Early Termination Option. Resident understands and acknowledges that Landlord
is not legally obligated to allow early termination of the Lease. To exercise this option, Resident must deliver to Landlord:
i.
ii.

A written notice stating that Resident has elected to exercise the Early Termination Option acknowledging that Resident forfeits its security
deposit;
An early termination option payment of TWO MONTHS BASE RENT ("Early Termination Option Payment"); and iii. Payment of rent and
other amounts due through the new Lease end date.

When Landlord has (1) received (i) written notice of the Early Termination Option and (ii) the Early Termination Option Payment and (2) signed
the notice, the Lease end date will be amended. The new Lease end date will be the date specified in the notice which must be at least thirty (30)
days after the written election and payment are given to Landlord. Exercise of the Early Termination Option will affect only Resident's rent
obligations after the new Lease end date. Resident must comply with all other Lease obligations.
The notice will not move the Lease end date forward if:
iv.
v.
vi.

Resident is in default under the Lease at the time that Resident gives notice of Resident’s exercise of the option;
Resident provides the notice unaccompanied by the proper Early Termination Option Payment; or
Resident does not properly exercise the Early Termination Option by following the procedures specified above but vacates the Premises
before the end date specified in the Lease.

In the event Resident vacates the Premises before the Lease end date, and fails to exercise the Early Termination Option as specified above,
Resident shall be in default and subject to all damages under applicable law and this Lease.
11. DELAY OF POSSESSION: This Lease is conditioned upon Landlord being able to secure possession of the Premises from the existing
Resident, if any, by the commencement date of the Lease agreement. If Landlord is unable to deliver possession of the Premises to Resident at
the commencement date for any reason, Resident’s right of possession will be postponed, without any liability on the part of Landlord to Resident
for any such postponement, until the Premises shall be in suitable physical condition for occupancy, or until Landlord is able to legally deliver
possession of the Premises. If delay in securing possession occurs, Landlord will refund to Resident the prorated rent to cover the lost occupancy
period.