Delaware Month to Month Lease Agreement

Delaware Month to Month Lease
This Lease Agreement (“Lease”) is entered by and between (“Landlord)
and
(“Tenant”) on
.
Landlord and Tenant may collectively be referred to as the “Parties. This Lease creates joint and
several
liabilities in the case of multiple Tenants. The Parties agree as
follows:
PREMISES: Landlord hereby leases the premises located
at
(the Premises”) to
Tenant.
LEASE TERM: The Lease will start
on
and will continue as a
month-to-month
tenancy. To terminate tenancy the Landlord or Tenant must give the other party a written 30 day notice
of
Lease non-renewal. The Tenant may only terminate their Lease on the last day of any month and
the
Landlord must receive a written notification of non-renewal at least 30 days prior to the last day of
that
month. If the Tenant plans to leave on or after the first of any month, they are responsible for that
months
full rent. If the Tenant does not provide the Landlord with a written 30 day notice, they shall forfeit
their
full deposit
amount.
LEASE PAYMENTS: Tenant agrees to pay to Landlord as rent for the Premises the amount of
$
each month in advance on the 1
st
day of each month
at
or at any
other
address designated by Landlord. If the Lease Term does not start on the 1
st
day of the month or end on
the
last day of a month, the first and last months rent will be prorated
accordingly.
LATE CHARGES: Rent is due on the 1
st
of each month. If any or all of the rent is not received by the
5
th
of the month, $10 per day will be charged as late fees until full rental payment is received. If rent is
not
received by the 10
th
of the month, Tenant will be considered in breach of the Lease Agreement and
eviction
proceedings will be
initiated.
INSUFFICIENT FUNDS: Tenant agrees to pay the charge of $25 for each check given by Tenant
to
Landlord that is returned to Landlord for lack of sufficient
funds.
SECURITY DEPOSIT: At the signing of this Lease, Tenant shall deposit with Landlord, in trust,
a
security deposit of
$
as security for the performance by Tenant of the terms under this Lease
and
for any damages caused by Tenant, Tenant’s family, agents and visitors to the Premises during the term
of
this Lease. Landlord may use part or all of the security deposit to repair any damage to the
Premises
caused
by Tenant, Tenant’s family, agents and visitors to the Premises. However, Landlord is not
just
limited to the security deposit amount and Tenant remains liable for any balance. Tenant shall not apply
or
deduct any portion of any security deposit from the last or any month’s rent. Tenant shall not use or
apply
any such security deposit at any time in lieu of payment of rent. If Tenant breaches any terms or
conditions
of this Lease, Tenant shall forfeit any deposit, as permitted by
law.
DEFAULTS: If Tenant fails to perform or fulfill any obligation under this Lease, Tenant shall be
in
default
of this Lease. Subject to any statute ordinance or law to the contrary, Tenant shall have seven
(7)
days from the date of notice of default by Landlord to cure the default. In the event Tenant does not cure
a
default, Landlord may at Landlords option: a) cure such default and the cost of such action may be
added
to Tenant’s financial obligations under this Lease; or b) declare Tenant in default of the Lease. In the
event
of default, Landlord may also, as permitted by law, re-enter the Premises and re-take possession of
the
Premises. Landlord may, at its option, hold Tenant liable for any difference between the rent that
would
have been payable under this Lease during the balance of the unexpired term, if this Lease had continued
in
force and any rent paid by any successive Tenant if the Premises are re-let. In the event Landlord is
unable
to re-let the Premises during any remaining term of this Lease, after default by Tenant, Landlord may at
its
option hold Tenant liable for the balance of the unpaid rent under this Lease if this Lease had continued
in
force. The failure of Tenants or their guests or invitees to comply with any term of this Agreement
is
ground for termination of the tenancy, with appropriate notice to Tenants and procedures as required by
law.
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