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Updated almost 4 years ago on . Most recent reply

User Stats

25
Posts
6
Votes
Ryan Rippinger
  • Flipper/Rehabber
  • Montgomery, IL
6
Votes |
25
Posts

Would you sign this lease

Ryan Rippinger
  • Flipper/Rehabber
  • Montgomery, IL
Posted

I have a garage I currently rent out and received a lease from the new owners with some lines I think are questionable. I'm located in IL. Rent is $200/ month + $20/ month in utilities.

Each and every month during the tenure of thue lease that the lessee shall be late after the fifth (5th of each month, a further sum of $50 shall be owed to the lessor. If lesser payment is not received by the 5th of the month than an additional $50 is owed for each additional five (5) day period.

Said premises shall not be occupied in part or whole by any other person without written consent of lessor. If lessee allows someone without written consent to occupy said premises, lessee shall be liable for double the rent as long as the unauthorized person or persons occupy the premises. For the purpose of this paragraph a person shall be considered occupying the premises for any term longer than 2 weeks. 14 days.

If lessee fails to vacate by 9-31-21 or on a date mutually agreed upon in writing a $200 per day charge applies.

Lessor reserves the right of entry to premises to allow lessor or his agents at any reasonable time to inspect, repair or show the premises.

Lessee hereby waives all notice of lessors election to terminate this lease or any election by lessor hereunder, demand for rent, notice to quit, demand for possession, notice of breach of any provision herein and any and all notices and demands which may be required by any stature of any state relating to forcible entry and detainer or lessor and Tennant or common law. If lessee shall not perform and fulfill each and every covenant and said agreement herein contained requiring performance by lessee, then, at lessors option, this lease shall expire and terminate. Lessor may at any time thereafter, without notice, reenter said premises and lessee agrees that lessor, his agents or assigns, may commence for suit or possession and for any and all rent or damages accruing to lessor without prior notice or demand to lessee.

Waiver of any covenant or agreement contained in thus lease at any one time shall not be agreement at any other time.

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