Sample. Utilities included: Gas, electric, water, trash collection, Standard Spectrum Video, and High Speed Data, as well as Landlord provided Wi-Fi.

Transcription

1 General Capital Management, Inc N Santa Monica Blvd Fox Point, WI (414) Residency and Financials 1.1 RESIDENTIAL RENTAL AGREEMENT 1.1 This Residential Rental Agreement ( Agreement ) is entered into between 252, LLC ("Landlord") and <<Tenants (Financially Responsible)>>, ("Tenant") and <<Co-Signer(s)>>, ("Cosigner"). PREMISES: Unit Number: <<Unit Name>> 252 E. Menomonee Street Milwaukee, Wisconsin ( Premises ) Landlord is renting to You the use of: (a) ½ of one bedroom in a two-bedroom suite, (b) the undivided, non-exclusive use, together with up to four other tenants, of the shared kitchen, shared living room and two bathrooms, and (c) the undivided, non-exclusive use, together with all other tenants, of the lobby, study areas, laundry rooms, and lounge areas and bike racks in the apartment complex known as 252 Apartments (Property), located at 252 E. Menomonee Street in Milwaukee, Wisconsin You will share the Property with other tenants as assigned. Each apartment may be occupied by up to five (5) tenants. The Property is not a specific room or suite but rather the room or suite that is assigned to You to accommodate, to the extent possible, the interest and personal preferences of all tenants. Landlord may assign you to another unit if necessary. Furnishings included with Property: Flat screen television, AV stand, refrigerator, stove, microwave, bar stools, couch with matching chair, coffee table, end table, night stand, twin bed, L twin bed mattress, bedframe, desk with chair, dresser, and window shades. 1.2 TERM TERM: The term of this Agreement is for the ENTIRE academic year, beginning no sooner than, <<Lease Start Date>> at 9:00 a.m. and ending 24 hours after your last final exam or on May 4, 2019 at 12:00 p.m., whichever comes first. Exact move in date to be assigned by MIAD staff. If tenancy is to be continued beyond this term, the parties should make arrangements for this in advance of expiration. 1.3 RENT RENT: Total charge for the lease term is $7,870 (Rent $7,020 and Utility/Technology Fee $850). Payment is to be made in two equal installments of $3,935. The first installment is to be received by Landlord no later than August 10, 2018 and the second installment is to be received no later than January 4, Financial aid recipients, please refer to the Deferment of Rent and Fee Payment Agreement form. See Section 3.1 Breach and Termination.. You understand and agree that the Landlord and the Milwaukee Institute of Art and Design may share information with regard to your non-payment of rent and/or any other amounts owed under the lease. 1.4 UTILITIES Utilities included: Gas, electric, water, trash collection, Standard Spectrum Video, and High Speed Data, as well as Landlord provided Wi-Fi. 1.5 FORMS OF PAYMENT FORMS OF PAYMENT ACCEPTED: Rent may be paid by personal check, money order, cashier s check, E-check, ACH or credit card. Credit and debit card payment will be assessed a convenience fee per transaction, there are no fees assessed on other forms of payment. Cash is NOT an acceptable form of payment. Online payments can be made via the tenant portal at connect/users. Checks should be made payable to 252, LLC and mailed to 6938 N. Santa Monica Blvd., Fox Point, WI

2 1.6 LATE FEE If rent is not received by Landlord by the dates listed above, tenant will be charged a late fee of 3% of total due per instance. Fee will be assessed on a monthly basis. 1.7 AGENT The agent of Landlord for service of process and collection of rents is General Capital Management, LLC, at 6938 N. Santa Monica Blvd. Fox Point, WI The agent of Landlord for maintenance issues is Milwaukee Institute of Art and Design ( MIAD ) at 273 E Erie Street, Milwaukee, WI SECURITY DEPOSIT You agree to pay $ as a Security Deposit to be used by Agent at the termination of this Lease toward reimbursement of the cost of repairing any damage, waste, or neglect of the Property or ancillary facilities caused by you, your family, your dependents, or your guests and any rent in arrearage or rent due for premature termination of the rental agreement or for any other utilities not paid by you or other charges owed by you. Payment of the Security Deposit is to be made prior to occupancy. The Security Deposit may not be used to pay rent or other charges while you occupy the dwelling unit. The deposit, less any amounts legally withheld, shall be mailed or delivered to the you as provided in Wis. Stat. s (4). You are hereby notified that you may do any of the following within 7 days after the start of your tenancy: (a) inspect the property and notify Landlord of any pre-existing damages or defects, and (b) request a list of physical damages or defects charged against the previous tenants security deposit. By initialing below, you acknowledge and agree to the terms in Section Policies and Procedures 2.1 USE OF PROPERTY The term Property is defined broadly and includes, but is not limited to, the home or apartment building, individual rental units, common areas, grounds upon which the apartment building is located, and any other associated physical structures. You shall use the Property for residential purposes only. Operating a business or providing child care is prohibited. You may not: (a) make or knowingly permit use of the Property for any unlawful purpose, (b) engage in activities which unduly disturb neighbors or other tenants and/or (c) do, use, or keep in or about the Property anything which would adversely affect coverage under the Landlord s insurance policy. You agree to obey all laws, orders, and rules and regulations of all governmental authorities. 2.2 CRIMINAL ACTIVITY PROHIBITED You, any member of your household, guest, or invitee shall not engage in or allow others to engage in any criminal activity, including drugrelated criminal activity, in or on the Property. Pursuant to Wis. Stat (3m), Landlord may terminate your tenancy, without giving you an opportunity to remedy the default, upon notice requiring you to vacate on or before a date at least five (5) days after the giving of the notice, if you, a member of your household, or a guest or other invitee of yours or of a member of your household engages in any of the following: (a) criminal activity that threatens the health or safety of, or right to peaceful enjoyment of the property by other tenants, (b) criminal activity that threatens the health or safety of, or right to peaceful enjoyment of their residences by persons residing in the immediate vicinity of the Property, (c) criminal activity that threatens the health or safety of Landlord or an agent or employee of Landlord, (d) drugrelated criminal activity, which includes the manufacture or distribution of a controlled substance, on or near the Property. The above does not apply to a Tenant who is the victim, as defined in Wis. Stat (4), of the criminal activity. It is not necessary that there have been an arrest or conviction for the criminal activity or drug-related criminal activity. 2.3 FIREARMS AND WEAPONS No weapons are allowed on the Property at any time, including but not limited to guns, knives, air, pellet or BB guns/rifles, explosives, fireworks or sparklers. 2.4 GUESTS You may not have any guest reside in your unit for more than 3 consecutive nights within a 1 month period. This includes 252 Apartments residents from a different unit. Guests will be asked to leave immediately if their presence interferes with the quiet use and enjoyment of the Property of other tenants and/or if the number of guests is excessive for the size of the Property. 2

3 We may exclude from the apartment community guest, or others who, in our judgement, have been violating the law, violating the Lease Agreement or any apartment rules, or disturbing other residents, neighbors, visitors, or landlord's representatives. We may also exclude from any outside area or common area a person who refuses to show photo identification or refuses to identify himself or herself as a resident or guest of a specific resident in the community. if you allow an excluded person onto the property it is grounds for termination of your tenancy, as provided by statute and judicial eviction procedures. 2.5 PETS No pets are allowed in or on the property at any time. 2.6 NO SMOKING No smoking is allowed in or on the Property at any time. The term smoking includes the inhalation, exhalation, breathing, burning, or carrying of any lighted or heated cigar, cigarette, pipe, or other tobacco or plant product in any manner or any form. Smoking also includes the use of electronic cigarettes, hookahs, or any device that provides vapor of liquid nicotine and/or other substance to the user. Burning of candles, wax melters and/or incense is not allowed. 2.7 CONDITION OF THE PROPERTY Landlord will provide you with a Unit Condition Checklist which you should complete and note any pre-existing damage to the unit. Should you fail to return the checklist to the Landlord within 7 days after the start of the tenancy, you will be considered to have accepted the unit without any exceptions. You have had the opportunity to inspect the unit and have determined that it will fulfill your needs and acknowledge that the unit is in good and satisfactory condition, except as noted in the Unit Condition Checklist. You agree to maintain the unit during your tenancy and return it to Landlord in the same condition as it was received less normal wear and tear. 2.8 RULES Landlord may make reasonable rules governing the use and occupancy of the Property. Any failure by you to comply with the rules will be a breach of this Agreement and may result in your eviction. Landlord may amend the rules as needed. By initialing below, you acknowledge and agree to the terms in Section Responsibilities 3.1 BREACH AND TERMINATION Your failure to comply substantially with any provision is a breach of this Agreement. Should you neglect or fail to perform and observe any of the terms of this Agreement, Landlord shall give you written notice of the breach requiring you to remedy the breach or vacate the Property on or before a date at least 5 days after the giving of such notice, and if you fail to comply with such notice, Landlord may declare your tenancy terminated and proceed to evict the you from the Property, without limiting your liability for the rent due or to become due under this Agreement. If you have been given such notice and remedied the breach or been permitted to remain in the Property and within 12 months of such previous breach, you breach the same or any other covenant or condition of this Agreement, this Agreement may be terminated if, Landlord gives you notice to vacate 14 days after the giving of the notice as provided in sec , Wis. Stats. This section applies to any leases for a specific term and does not apply to a month to month tenancy. You understand and agree that the Landlord, the Milwaukee Institute of Art and Design, and the cosigner on this lease may share information regarding your conduct and/or behavior of your guests or invitees that occurs within the Property and apartment community. 3.2 MAINTENANCE AND IMPROVEMENTS As a condition of your continuing right to use and occupy the unit, you shall maintain the unit and appliances in as clean and as good of condition as they were delivered to you, less normal wear, and tear. You shall not without prior written approval of Landlord do any of the following: (a) physically alter the unit, (b) make any repairs, modifications or improvements to the unit, (c) attach or display anything that substantially affects the exterior appearance of the unit or the Property, (d) drive nails, tacks or screws or apply any other fasteners (other than putty or 3MCommand Strips) on or into any wall, ceiling, floor, or woodwork of the unit or the Property, (e) paint, attach, exhibit, or display in or about the unit or the Property any sign or placard, (f) otherwise materially alter or redecorate the unit or the Property. You shall not cause any contractor s lien to attach to the unit or the Property nor shall you cause or permit any waste to the unit or the Property. 3

4 3.3 DAMAGE You shall be responsible for any damage to the unit or the Property, unless caused by the negligent acts or omissions of the Landlord. Damage to the shared kitchen, shared living room or any of the furnishings in the shared areas will be assessed equally amongst all tenants in the unit if the specific tenant that caused the damage cannot be identified. By initialing below, you acknowledge and agree to the terms in Section General Clauses 4.1 MIAD STUDENT STATUS Any tenant that is enrolled at the Milwaukee Institute of Art and Design at the same time, or soon thereafter, after entering into this Residential Rental Agreement must remain in good academic standing throughout the duration of this Agreement. If any Tenant withdraws or is involuntarily terminated from MIAD, his or her tenancy will also terminate at the same time at their student status terminates. Under such circumstances, Tenant must surrender the Property to 252, LLC and return all keys within five (5) business days from said date. 4.2 ASSIGNMENT OR SUBLEASE You shall not assign this Agreement or sublet the unit. 4.3 ENTRY BY LANDLORD Landlord may enter the unit with or without your consent, at reasonable times upon 12 hours notice to inspect the unit, make repairs, show the unit to prospective tenants or purchasers, or comply with applicable laws or regulations. Landlord may enter the unit without notice when a health or safety emergency exists, or if you are absent and Landlord believes entry is necessary to protect the unit or the building from damage. You shall not add or change locks. Denial of access to the unit is a breach of this Agreement. 4.4 ABANDONED PROPERTY If you vacate or are evicted from the unit and leave personal property, Landlord may presume, in the absence of a written agreement between Landlord and you to the contrary, that you have abandoned the personal property and Landlord may dispose of it in any manner that Landlord, in its sole discretion, determines is appropriate. Landlord will not store any items of personal property that you leave behind when you vacate or are evicted from the unit except for prescription medicine or prescription medical equipment, which will be held for 7 days from the date of discovery. 4.5 NOTICE OF DOMESTIC ABUSE PROTECTIONS 1. As provided in section (5m) (dm) of the Wisconsin Statutes, a tenant has a defense to an eviction action if the tenant can prove that the landlord knew, or should have known, the tenant is a victim of domestic violence, sexual assault, or stalking and that the eviction action is based on conduct related to domestic abuse, sexual assault, or stalking committed by either of the following: (a) A person who was not the tenants invited guest. (b) A person who was the tenants invited guest, but the tenant has done either of the following: (1) Sought an injunction barring the person from the premise. (2) Provided a written statement to the landlord stating that the person will no longer be an invited guest of the tenant and that tenant has not subsequently invited the person to be the tenant s guest. 2. A tenant who is a victim of domestic abuse, sexual assault, or stalking may have the right to terminate the rental agreement in certain limited situations, as provided in section of the Wisconsin Statutes. If the tenant has safety concerns, the tenant should contact a local victim service provider or law enforcement agency. 3. A tenant is advised that this notice is only a summary of the tenant s rights and the specific language of the statute governs in all instances. 4

5 4.6 NON-LIABILITY OF THE LANDLORD Landlord, except for its negligent acts or omissions, shall not be liable for injury, loss, or damage which you may sustain from the following: (a) theft, burglary, or other criminal acts committed by a third-party in or about the unit or the property, (b) delay or interruption in any service from any cause whatsoever, (c) fire, water, rain, frost, snow, gas, odors, or fumes from any source whatsoever, (d) injury or damages caused by bursting or leaking pipes or back up of sewer drains and pipes, (e) disrepair or malfunction of the unit or the property, appliances, and/or equipment unless Landlord was provided with prior written notice by you of the problem. You agree to hold Landlord harmless from any claims or damages resulting from your acts or omissions, and the acts or omissions of your guests, invitees, and any third parties, including other tenants. 4.7 RENTERS INSURANCE You are required to purchase and maintain personal liability insurance covering General Capital Management, 252, LLC, you and your guests, for personal injury and property damage any of you cause to third parties (including damage to landlord's property), in a minimum policy coverage amount of $100,000, from a carrier with an AM Best rating of A-VII or better, licensed to do business in Wisconsin. The carrier is required to provide notice to us within 30 days of cancellation, non-renewal, or material change in your coverage. We retain the right to hold you responsible for any loss in excess of your insurance coverage. 4.8 NON-WAIVER Any failure to act by Landlord regarding any specific violation or breach of any term of this Agreement by you, shall be considered temporary and does not waive Landlord s right to act on any future violation or breach by you. Landlord by accepting payment from you for rent or any other amount owed is not waiving its right to enforce a violation or breach of any term of this Agreement. 4.9 TIME IS OF THE ESSENCE Time is of the essence as to the payment of rent and other amounts owed and all deadlines stated under this Agreement RENTAL DOCUMENTS You have been given a copy of the Residential Rental Agreement as well as any Rules and Regulations, if applicable, for review prior to entering into this Agreement and prior to the Landlord accepting any earnest money or security deposit CONTROLLING LAW You understand your rights and obligations under this Agreement and that you are subject to the laws of Wisconsin, including chapter 704 and chapter 799 of the Wisconsin Statutes, Wisconsin Administrative Code Chapter ATCP 134, and applicable local ordinances. NOTE: The Residential Rental Agreement will not become a binding contract until the following has occurred: (a) You and your Cosigner s applications have been approved, (b) Landlord has signed the Residential Rental Agreement and, (c) a $ security deposit has been received. You, your Cosigner, and the Landlord must sign this Agreement MOVE OUT NOTICE Unless you are moving out on or within 30 days of the Lease Agreement term ending date, you must give our representative advanced written notice at least 30 days prior to move-out. Your move-out notice will not release you from liability for the full term of the Lease Agreement. You will still be liable for the entire Lease Agreement term if you move out early, except under the provisions herein, and subject to the landlord's duty to attempt to mitigate damages. YOUR MOVE-OUT NOTICE MUST COMPLY WITH EACH OF THE FOLLOWING: -We must receive advance notice of your move-out date if it is prior to the Lease Agreement term ending date. -Your move-out notice must be in writing. Oral move-out notice will not be accepted and will not terminate your Lease Agreement. We recommend that you communicate with our representative via to ensure proper documentation and approval of your request. -Your move-out notice must not terminate the Lease Agreement sooner than the end of the Lease Agreement term. -YOUR NOTICE IS NOT ACCEPTABLE IF IT DOES NOT COMPLY WITH ALL OF THE ABOVE COSIGNER AGREEMENT Cosigner, in consideration of Landlord renting the Property/Unit to tenant, <<Tenants (Financially Responsible)>>,listed above and other good consideration, absolutely, unconditionally, and irrevocably guarantees the full and complete performance of any, and all covenants and obligations under the Residential Rental Agreement. These obligations include, but are not limited to, the payment of rent, late fees, security 5

6 deposit, utilities, reimbursement for any property damage, re-rental costs, repair costs and any, and all other charges that become due and owing under the Residential Rental Agreement or through any legal action. Cosigner waives all requirements of notice and of the acceptance of the Cosigner Agreement and all requirements of notice of breach or non-performance by Tenant(s). Cosigner agrees that his/her obligations will continue and will not be affected by any amendments, modifications, renewals or extensions to the Residential Rental Agreement. Cosigner also agrees that his/her obligations will remain in force even if Landlord waives one or more defaults of the Tenant(s), extends the time of performance by Tenant(s), and/or releases Tenant(s) from the performance of their obligations under the Residential Rental Agreement. Cosigner agrees and understands that all Tenant(s) and cosigners are jointly and severally liable and that Landlord need not exhaust all remedies against Tenant(s), in order for Cosigner to become liable. This means that Cosigner may be individually responsible for paying all amounts that become due and owing under the Residential Rental Agreement. This Cosigner Agreement shall be binding upon Cosigner and his/her respective heirs, successors, successors in interest, executors, administrators, representatives and assigns. By initialing below, you acknowledge and agree to the terms in Section Sign and Accept 5.1 TENANT Tenant and Cosigner Signatures Lessee Date Signed Lessor Date Signed 6

7 General Capital Management, Inc N Santa Monica Blvd Fox Point, WI (414) Rules & Regulations-252 Apartments 1.1 GENERAL 1. These rules and regulations are necessary to insure the proper use and care of the property as well as to insure the protection and safety of the landlord, his employees, other tenants, and neighbors. 2. You will be responsible for the conduct of any, and all guests, invitees, and/or others under tenant s control. 3. The term you or your is defined broadly and includes, all persons named in the rental agreement, their family members, guests, invitees, and/or others under their control. 4. Landlord will not tolerate criminal activity or any other activity that disturbs others or damages the property. 5. Landlord has the right to make other reasonable rules and regulations as may be necessary for the safety of others and the property. 6. These rules and regulations will be enforced strictly and without exception. 1.2 USE OF THE PROPERTY 1. The term property or premises is defined broadly and includes, but is not limited to, the building, individual rental units, common areas, grounds, and any other associated physical structures. 2. The property shall not be used for any illegal activity whatsoever or for any activity that in the opinion of the landlord will injure the property. This includes use of technology. 3. You shall not do anything in the property that may increase the risk of fire or other casualty, increase the landlord s insurance premiums, or which would be a violation of state or local laws or regulations. 4. You shall not keep any hazardous items inside the property. 5. You agree to use all appliances, fixtures, and equipment in a safe manner and only for the purpose for which it was intended. 6. You agree not to destroy, deface, damage, or remove, any part of the property. 7. Changing units is prohibited unless authorized and approved by the Landlord in writing. If approved, charges may apply. 1.3 APPEARANCE & UPKEEP OF PROPERTY 1. You shall not allow any sign, advertisement, or notice to be placed inside or outside the rental unit. 2. You agree to keep the rental unit in a clean, safe, and sanitary condition and not to litter the property. This includes the sanitary condition and cleanliness of your individual unit and room. Tenant will be charged for the cleaning of a unit deemed to be in unsanitary condition. 3. You shall not remove the smoke detector or carbon monoxide detector. There will be a $20 fee for each item removed. You are to notify the Landlord of any issues immediately. DO NOT remove batteries from smoke or carbon monoxide detectors. 4. You agree to dispose of garbage and recyclable materials regularly and properly and to place such items in the proper receptacles which have been provided for that purpose. 5. Neither garbage nor recyclable materials shall be kept in the common areas, or grounds. You agree to comply with all laws, ordinances, and/or regulations regarding the collection, sorting, separation, and recycling of materials. 6. If you wish to dispose of any large items, it is your responsibility to make special arrangements in accordance with local ordinances and laws, to dispose of such items. Any charges incurred by landlord because of your failure to comply with the above will be your responsibility. If you place any items in the garbage area that do not fit within the dumpster and allow the lid to close you will be charged a $100 fee for dumping. Large boxes are to be broken down before placement in dumpsters. There will be a $50.00 charge for not breaking down boxes. 7. You shall not abandon any personal property. Property belonging to the tenant may not be left in the unit when you move out. Tenants will be charged for removal of personal items from a vacated unit. 8. You agree to keep all personal property within the rental unit or other assigned areas. Personal property shall not be kept in common areas or on the grounds and will be immediately removed and disposed of by landlord. Any costs incurred by landlord to remove your property will be your responsibility. Any package delivered to the property office must be claimed by you within 48 hours of notice from the Landlord. 9. Bikes may be parked or stored in the area provided. Landlord shall not be liable for any damage to or loss of any bicycles. 10. No storage for unwanted furniture is available. You will be responsible for returning furniture to its original position prior to checkout. No furniture may leave the premises at any time. 11. You shall cooperate with the landlord to keep common areas and grounds in a safe and clean condition. 12. You agree to promptly notify landlord of any maintenance or repair issues. 1

8 1.4 MODIFICATIONS TO PROPERTY 1. You are prohibited from making any alterations, additions, or improvements to the inside or outside of the property, including but not limited to: painting, varnishing, wallpapering, or installing any fixtures, without the prior written consent of landlord. 2. Should you make any alterations, additions, or improvements in violation of the above, landlord may immediately remove it and you will be responsible for all costs incurred by landlord to return the property to its original condition. 3. You are not authorized to instruct any contractors hired by landlord to provide any additional services not previously authorized by landlord. 1.5 DAMAGE TO THE PROPERTY 1. If the property is damaged as a result of the intentional acts, negligence, carelessness, or misuse by tenant, tenant will be responsible for the repair costs incurred by landlord. 2. Tenant must reimburse landlord for any repair costs within fifteen (15) days of demand. 1.6 CHANGING LOCKS 1.You will not install additional or different locks or gates on any doors or windows in the property without the prior written consent of landlord. 2. You will be responsible for any repair costs incurred by landlord to gain entry to property if you do not provide the landlord with new key within twenty-four (24) hours. 3. You shall not give any keys to the property to any person other than those listed on the rental agreement without the prior written consent of landlord. 4. Charges of $50 per key will be charged for any key that is lost or damaged. Charges of $50 will be made for each lost or damaged Electronic Access Fob. 5. Lock-out: Should you request that the landlord unlock your unit due to lost or misplaced keys you will be charged an entry fee of $20 for each occurrence. 1.7 PLUMBING 1. You will be responsible for the cost of all plumbing repairs resulting from the improper use of the plumbing facilities by you or your guests. You will not dispose of any cloth, metal, glass, wool, plastic, condoms, feminine hygiene products, or similar items in the toilet, sink, or garbage disposal. 2. You will immediately report to landlord in writing if any pipes or faucets are leaking or if any toilet continues to run. 3. You will not leave water running except during actual use. 4. You will only do laundry in designated areas and during the posted hours unless otherwise approved by landlord. 1.8 SMOKING 1. No smoking is allowed in or on the property at any time. The term smoking includes the inhalation, exhalation, breathing, burning, or carrying of any lighted or heated cigar, cigarette, pipe or other tobacco or plant product in any manner or any form. Smoking also includes the use of electronic cigarettes, hookahs, or any device that provides vapor of liquid nicotine and/or other substance to the user. Burning of candles, wax melters and/or incense is not allowed. 2. Any damage to the property resulting from you, or your guest s, smoking will be your responsibility. 1.9 WATERBEDS No furniture filled with liquid, including but not limited to waterbeds, is allowed on the property without the prior written approval of landlord NOISES Tenant will not make or permit noises or acts that will disturb the rights or comfort of other tenants and/or neighbors. Tenant agrees to keep the volume of any radio, stereo, television, computer, musical instrument, or any other device at a level that will not disturb other tenants or neighbors. 2

9 1.11 PETS Pets are not permitted on the property at any time BUILDING DOORS Tenant will not prop open any interior or exterior door of the property at any time NOTICE A VIOLATION OF THE ABOVE RULES AND REGULATIONS SHALL CONSTITUTE A MATERIAL VIOLATION OF TENANT S RENTAL AGREEMENT AND GOOD CAUSE FOR TERMINATION OF TENANCY AND EVICTION OF TENANT. 3

10 General Capital Management, Inc N Santa Monica Blvd Fox Point, WI (414) Nonstandard Rental Provisions 1.1 NOTICE Placement of your initials at the end of this addendum signifies that you agree to and will adhere to all of the following provisions. The Nonstandard Rental Provisions listed below are part of your rental agreement and list the various charges and costs that your landlord may assess and withhold from your security deposit. 1.2 PROVISIONS (1-14) 1. LATE FEE: A late fee of 3% will be assessed as set forth in the rental agreement upon all late rental payments. These fees may be deducted from your security deposit. 2. RETURNED CHECK/STOP PAYMENT FEE: If any payment by you is returned unpaid due to insufficient funds or for any other reason, you will be charged a fee of $30.00 per occurrence. If Landlord incurs any other costs or fees because your payment being returned due to insufficient funds or for any other reason, you will also be responsible for the actual costs incurred by Landlord. These fees and costs may be deducted from your security deposit. 3. RETURN OF KEYS/KEY CARDS: All keys, including but not limited to mailbox keys and key card, must be returned. If you fail to return all keys and key cards when vacating, you will be assessed a fee of $50.00 per item. If you fail to return your laundry card, you will be assessed a fee of $ This fee may be deducted from your security deposit. 4. REMOVAL OF INTERNET AND CABLE EQUIPMENT: If you remove the managed network switch or the wireless access point equipment, you will be assessed a fee of $ per each item. Said fees may be deducted from your security deposit. 5. REMOVAL OF SMOKE OR CARBON DIOIDE DETECTOR: If you remove the smoke alarm or carbon monoxide detector, there will be a $10 installation charge for each one removed. Said fees may be deducted from your security deposit. 6. REMOVAL OF FURNITURE AND/OR APPLIANCES: If you remove furniture and/or appliances, you will be assessed the actual costs of replacement. Said costs may be deducted from your security deposit. 7. DAMAGE TO UNIT: The unit should be left in the same condition as it was received. If you damage the unit beyond normal wear and tear, you will be assessed the actual costs incurred by Landlord to repair the damage plus the costs of any materials. This includes water damage due to neglect of plumbing or failure to inform landlord of leakage, as well as the need for landlord to restore unit to the state of cleanliness in which the unit was received. Such fees and costs may be deducted from your security deposit. 8. MODIFICATIONS TO UNIT: You are not allowed to make any modifications to unit. If you make modifications to the unit, you will be charged the actual costs to return the unit to its original condition. Such charges may be deducted from your security deposit. 9. SMOKING AND/OR ODORS: You and your guests are not allowed to smoke including e-cigarettes, hookahs, or other devices inside the unit or building. Burning of candles, wax melters, and/or incense is not allowed. You will be responsible for any costs incurred by the Landlord to deodorize or otherwise remove any damage arising from smoking or odors. Such costs may be deducted from your security deposit. 10. LOCK-OUT: A lock-out fee of $20 will be charged each time the Landlord is required to unlock your unit due to lost or misplaced keys. These fees may be deducted from your security deposit. 11. TRASH If you place any items in the garbage area that do not fit within the dumpster, and do not allow the lid to close, you will be charged a $100 dumping fee. Large boxes are to be broken down before placement in dumpsters. There will be a $50.00 charge for not breaking down boxes. These fees may be deducted from your security deposit. 12. RE-RENTAL COSTS: If you vacate the unit without proper notice or are removed from the property for failure to pay rent or any other breach of the rental agreement, you are liable for all charges permitted under , Wis. Stats., including but not limited to, all costs incurred to re-rent the vacated unit and all utilities for which you would be responsible for through the end of the term of your rental agreement, subject to the Landlord s duty to mitigate. Such charges may be deducted from your security deposit. 13. ABANDONED PROPERTY: If you leave personal property in your unit after you have vacated, which the landlord is required to remove, you will be charged a minimum of $30 to dispose of the property. Such charges may be deducted from your security deposit. 14. FAILURE TO VACATE AT END OF LEASE OR AFTER NOTICE: If you remain in possession of the unit without consent of the Landlord after expiration of your lease or the termination of your tenancy by notice given by either Landlord or by you, or after termination 1

11 of your tenancy by valid agreement of the parties, you will be charged a fee of $125. Such charge may be deducted from your security deposit. 1.3 STATEMENT You acknowledge that Landlord or Landlord s agent specifically identified each nonstandard rental provision with you prior to entering into the rental agreement. 2