The Whitney Apartments - Lease Agreement

THE WHITNEY APARTMENTS

LEASE AGREEMENT

This Lease Agreement (the “Lease”) is made and entered into this ___ day of _________,

201__, by and between Overstreet Property Management, LLC for and on behalf of itself and

High Cotton Development, LLC (“Landlord”) and ________________________________________

___________________________________________________(“Tenant”).

PRELIMINARY STATEMENT

Any Tenant who is under the age of twenty-one (21) at the time this Lease is executed

(“Minor Tenant”) must have a guarantor to this Lease. All Minor Tenants should have his or

her parent, guardian, or other legal advisor or guarantor review this Lease before agreeing to its

terms. All Tenants are urged to carefully examine the contents of this Lease before signing their

names hereto.

In the event the Lease for the Leased Unit is shared by multiple tenants, each tenant will

be jointly and severally responsible for upholding the terms and conditions of this Lease. This

is a binding legal document, and Tenant may be liable for the Total Lease Cost should another

tenant sharing the Lease for the Leased Unit fail to make his or her part of the Lease payment(s).

Each individual Tenant will be solely responsible for his or her own obligations relating to the

Application Fee and the Security Deposit.

II.

TERMS OF LEASE

1. Leased Property. Landlord hereby leases unto Tenant, and Tenant hereby leases

from Landlord, the certain dwelling located at ___________________________________________

(the “Leased Unit”).

2. Term. This Lease shall be for a term of __ months, commencing at 12:00 p.m. on

______________, and continuing until 11:59 a.m. on ______________ (the “Term”).

3. Renewal. This Lease may be extended or renewed upon the execution, by both

Landlord and Tenant, of a lease agreement for a term subsequent to the Term provided herein.

4. Holdover. Should Tenant hold over and remain in possession of the Leased Unit

after the expiration of the Term of this Lease without executing a subsequent lease agreement,

and without otherwise obtaining written consent from Landlord, Landlord may, at its option,

take either of the following actions:

a. deem Tenant’s holdover to be a renewal of this Lease for an additional term

of one (1) year, with the terms of any such deemed renewal to be subject to

the same terms and conditions as set forth herein or