Uncommon Dinkytown, Minneapolis

Pay In Instalment

<p>RENT Tenant must pay Tenant’s Rent on or before the 1st day of each month (“Due Date”). a. If Tenant fails to pay all Rent before the end of the day (11:59 p.m.) on the 3rd day of each month, Tenant will be obligated to pay a late charge as set forth in the Terms. If Tenant does not pay Rent on or before the Due Date, Tenant will be in Default, and all remedies under state law and this Lease will be available to Landlord. b. Tenant must pay full Rent when due and may not deduct funds from rental payments for any reason, unless otherwise allowed by law. Landlord may first apply payment(s) towards any outstanding balances due, such as, but not limited to delinquencies, prior balances, maintenance and/or damage charges, additional Rent and lockout fees before the current Rent is credited.</p>

Mode Of Payment

<p>Tenant may not pay Rent in cash or by personal check. Tenant must pay Rent by money order, certified funds, online payment, electronic payment, or as otherwise agreed by Landlord in writing. Landlord does not have to give Tenant a receipt for rental payments made by money order. Landlord may, at Landlord’s option, require at any time that Tenant pay all Rent and other sums in certified or cashier’s check or money order. d. Any accord, satisfaction, conditions or limitations noted by Tenant on or in any rental payment shall be null and void.</p>

Additional Fees

<p>Tenant is liable for all costs or charges associated with Landlord having to provide special services (unless required by law) to Tenant or at Tenant’s request and for all fees or fines as described in Rules and Regulations. Rent payments are to be made payable to Landlord at the address listed in the Terms.</p> <p>RETURNED PAYMENTS If Tenant’s payment is returned for any reason, including denial of payment, Tenant: a. must pay a returned payment charge as set forth in the Terms as Additional Rent for each and every payment that is returned or denied b. will be responsible for any late Rent charges retroactive to the due date listed in Paragraph 3 and Basic Terms c. will be in violation of the Lease for failing to pay the Rent on time, unless the fee and any late Rent charges are paid within the notice requirements of local law If during the Term of this Lease two (2) of Tenant’s payments are returned or denied to Landlord, Landlord will require that all Rent and other sums due and owing from Tenant be made payable to Landlord in either certified or cashier’s check or money order.</p> <p>DEFAULT CONDITIONS OF LEASE (“DEFAULT”) BY TENANT Tenant is found in Default of this Lease if Tenant does any one or more of the following: a. fails to pay Rent or Additional Rent when it is due b. does anything which is not permitted by this Lease c. fails to do anything which is required by this Lease d. gives Landlord false information, including information or signatures on Tenant’s or the Guarantor’s/Co-signers rental application, on the Lease or on the Guarantor Agreement e. fails to pay in timely manner, disconnects or shuts-off any of the utilities which are payable by Tenant or the other Tenants of the Unit f. Tenant fails to pay any fine within 3 days after it is levied in accordance with this Lease or the Rules and Regulations g. Tenant “Abandons” the Unit h. Tenant “Terminates” (as defined below) the Lease prior to the end of its Term i. fails to provide a Guarantor or other form of security as Landlord may require in its sole and exclusive determination Tenant will be deemed to have Abandoned the Unit when all of the following have occurred: (1) everybody appears to have moved out in Landlord’s reasonable judgment; (2) clothes, furniture, and personal belongings have been substantially removed in Landlord’s reasonable judgment; (3) Tenant has been in Default for non-payment of Rent for 5 consecutive days, or water, gas, or electric service for the Unit not connected in Landlord’s name have been Terminated or transferred; and (4) Tenant has not responded for 2 days to Landlord’s notice left on the outside of the main entry door stating that Landlord considers the Unit Abandoned. A Unit is also deemed to be “Abandoned” 10 days after the death of a sole Tenant. If Tenant Abandons the Unit, Landlord may take possession of the Unit and its contents without further notice. Except as otherwise provided by state or local law, Landlord may dispose of the contents and re-rent the Unit without obligation to Tenant. Tenant must pay the cost for removal and other associated costs. Tenant shall be deemed to have “Terminated” this Lease if Tenant: a. fails to move in or to give written move-out notice. b. moves out without paying Rent in full for the entire Lease Term. c. moves out at Landlord’s demand because of Tenant’s Default. d. is judicially evicted.</p> <p>ACCELERATION. All monthly Rent for the rest of the Lease contract will be accelerated automatically without notice or demand (before or after acceleration) and will be immediately due and delinquent if Tenant is evicted from the Unit, Abandons the Unit, or Terminates the Lease as provided in Section 5. 7. OTHER REMEDIES In addition to all of Landlord’s other rights and remedies under state and local law and this Lease, Landlord may report unpaid amounts to credit agencies. If Tenant Defaults and moves out early, Tenant will pay Landlord any amounts stated to be rental amounts in Basic Terms and Paragraph 3, in addition to other sums due. Upon Tenant’s Default, Landlord reserves all other available legal remedies, including, but not limited to, Lease termination. Late charges are not liquidated damages, but are for Landlord’s time, inconvenience, and overhead in collecting late Rent (but are not for attorney’s fees and litigation costs). Tenant must pay Landlord’s attorney’s fees and litigation costs. Tenant must pay all collection-agency fees if Tenant fails to pay all sums due within 10 days after the Landlord mails the Tenant a letter demanding payment and stating that collection agency fees will be added if Tenant fails to pay all sums by that deadline. Landlord may accelerate Rent – see Paragraph 6.</p> <p>INSURANCE REQUIREMENT Tenant shall maintain, for the duration of the Term of the Lease and any subsequent renewal, renter’s liability insurance issued to Tenant by an authorized insurance company with a coverage limit of not less than One Hundred Thousand Dollars ($100,000) per occurrence, that expressly identifies the Landlord as an “additional insured” or “loss payee”, and provides coverage for any and all damage to the Unit, including but not limited to damage from fire, water, and pipe leaks, caused by the negligent conduct or omissions of Tenant, any other person residing in the Unit, or any other persons on the premises with Tenant’s consent. Prior to Tenant's occupancy of the Unit and at the inception of each lease renewal period, Tenant shall provide the Landlord with a copy of the policy or other evidence of such renter’s liability insurance coverage in effect. Tenant will be in material breach of this Lease if Tenant fails to comply with the requirements of this paragraph. If Tenant fails prior to Tenant taking occupancy of the Unit or during the Term of this Lease or any renewal hereof to provide such evidence of renter’s liability insurance coverage in effect to the Landlord, in addition to any other remedies available to the Landlord for breach of this Lease by the Tenant, Tenant agrees to pay $12.95 per month to Landlord as consideration for Landlord’s cost to procure supplemental property and/or casualty coverage that provides coverage to Landlord equivalent to the Tenant renter’s liability insurance requirements of this Lease. Tenant agrees to this cost in addition to all other obligations in the Lease. Tenant also agrees that the charge described in this paragraph will be considered Additional Rent for purposes of the Lease. The supplemental coverage procured by Landlord as described in this paragraph shall be primarily for Landlord’s benefit to provide coverage for any and all damage to the Unit, including but not limited to damage from fire, water, and pipe leaks, caused by the negligent conduct or omissions of Tenant, any other person residing in the Unit, or any other persons on the premises with Tenant’s consent. Tenant acknowledges that it will not be a coinsured or beneficiary of such Landlord’s supplemental insurance coverage. Tenant acknowledges that Landlord’s property and liability insurance, including such supplemental insurance coverage as described in the preceding paragraph, may not provide coverage to Tenant, Tenant’s guests or any occupants against loss or damage to their personal property or belongings, or cover Tenant’s liability for loss or damage caused by Tenant’s actions or those of any occupant of the dwelling or any guest. Landlord’s insurance DOES NOT protect Tenant against loss or damage to Tenant’s personal property or belongings. Tenant understands that failure to maintain a renter’s liability insurance policy may cause Tenant to be otherwise personally liable to Landlord and others for loss or damage caused by Tenant’s actions or those of any occupant or guest in the Unit. Tenant shall bear the risk of loss of any and all of Tenant’s personal property whether located in the Unit, garage/carport, designated storage areas or anywhere on the Residential Community. Tenant agrees not to hold Landlord, its agents and/or employees liable in any manner for or on account of any loss or damages to Tenant’s personal property sustained by reason of the acts or omissions of Tenant, third parties other than Landlord or Landlord’s agents, or arising from any casualty (including but not limited to fire, smoke, rain, flood, water and pipe leaks, hail, ice, snow, lightning, wind, explosions, earthquake, interruption of utilities, theft, hurricane, negligence of other residents, occupants, or invited/uninvited guests or vandalism, unless otherwise required by law). Tenant understands and agrees that Tenant’s guests are not beneficiaries or co-insureds of any insurance policies held by Landlord. Per the requirements of this Lease, it is the intent of Tenant and Landlord that, as the law permits, Tenant will consider Landlord an additional insured under Tenant’s renter’s liability insurance and will not hold Landlord liable for claims regarding damage or injury normally covered by Renter's liability insurance, and Tenant will look solely to Tenant’s required renter’s liability insurance to compensate for any such damage or injury.</p>

Early termination by students

<p>This Lease may not be Terminated prior to the end of the Term unless it is agreed to in writing by both Landlord and Tenant and a new Tenant (approved by Landlord) is found to replace the existing Tenant. Landlord has no obligation to end this Lease before the expiration of its Term. If Landlord agrees to end the Lease prior to the expiration of the term, a charge will apply and must be paid before the Lease is officially Terminated. The Application Fees, subject to the provisions of Minn. Stat. 504B.173, and other Fees are never refundable.</p>

Replacement Tenant Accepted

<p>RE-LETTING Tenant may not transfer this Lease or assign or sublet the Unit, nor any part of the Unit, without Landlord’s prior consent, which Landlord may deny in its sole determination. Subject to Landlord’s prior written consent, if Tenant wishes to re-let, he/she must provide written notice to the Landlord. If Tenant finds a replacement Tenant acceptable to Landlord and Landlord expressly consents to the replacement, then: a. such substitute Tenant will be obligated to pay the standard application fee, which shall be immediately due and payable b. the departing Tenant must pay for all damage to the Unit and the Property as provided in this Lease c. the departing Tenant will be obligated to pay a re-let fee as set forth in the Terms d. the replacement Tenant must meet the rental criteria e. the replacement Tenant must fully complete and execute a new Lease and all addenda, and cause a new Guarantee to be executed and delivered f. a rekeying fee will be due if rekeying is requested or required g. the departing Tenant will no longer remain liable for all Lease Contract obligations for the rest of the original Lease Contract term NOT A RELEASE. The re-letting fee is not a Lease Contract cancellation fee or buyout fee. It is a liquidated amount covering only part of Landlord’s damages; that is, Landlord’s time, effort and expense in finding and processing a replacement. Tenant agrees that the re-letting fee is a reasonable estimate of such damages and that the fee is due whether or not Landlord’s re-letting attempts succeed. The re-letting fee does not release Tenant from continued liability for future or past-due Rent; charges for cleaning, repairing, repainting, unreturned keys, or other sums due.</p> <p>SERVICE MEMBERS CIVIL RELIEF ACT: If, during the term of this lease, Tenant enters military service or, if during military service the Tenant receives military orders for a permanent change of station or to deploy with a military unit for a period of not less than 90 days, Tenant may Terminate this lease by delivery of a written notice and a copy of the military orders. Tenant must immediately deliver written notice to Landlord upon receipt of military orders, change of station or deployment orders or letter. The termination will be effective 30 days after the first date on which the next rental payment is due after the notice is delivered. This paragraph is intended to comply with the Service members Civil Relief Act (SCRA). In the event of a conflict between this paragraph and the SCRA, the SCRA shall prevail. In the event modifications to the SCRA invalidate portions of this lease, the lease shall be interpreted so as to be in compliance with the SCRA.</p>