Leasing Toolkit for Leasing Consultants

EXPLANATION OF THE MERLIN LEASE DOCUMENT

6. Hold Over. Except in the District of Columbia, if a Resident does not renew the Lease or return the Apartment to MAA, the Resident will be considered a hold over resident and may be liable for additional damages to MAA. 7. Joint and Several Liability. Each Resident and guarantor is jointly and severally liable for all lease contract obligations. Each Resident is still responsible for the entire Lease even if one Resident moves out without permission. 8. Security Deposit. If a Resident pays a Security Deposit during the leasing process, MAA agrees to hold that deposit as required by state law, which may include disclosing to the Resident in the Lease the bank where the deposit will be held. MAA may use the security deposit as allowed by state law. The security deposit after deduction of allowable charges will be returned to the Resident after the termination of the Lease. If there is more than one Resident, all the Residents agree that MAA may return the security deposit to one Resident. 9. Utilities. Residents will pay some utilities directly to MAA and others directly to the applicable utility provider. This section sets forth how utilities will be billed and any additional charges or fees related to billing or utilities. 10. Risk of Loss. MAA is not responsible for, and MAA’s insurance does not cover, damage to a Resident’s personal belongings. Residents are encouraged, but not required, to purchase renter’s insurance to cover their personal property in case of theft, fire, smoke or other damage. Residents are required to maintain, and provide proof to MAA, of liability coverage in a minimum amount of $100,000. The Lease specifies where the proof of insurance must be mailed. For any month in which MAA does not have proof of insurance there is a $40 non-compliance fee. 11. Animals. No animals are allowed in the Apartment or on the Property unless MAA has provided written permission for the animal. If the Resident has received approval for an animal, the animal’s description will be in Section 11.1.2. The Resident certifies to MAA that the animal is not dangerous or vicious, has never caused personal injury or property damage and is suitable for living in an apartment community. If a Resident fails to remove an unauthorized animal within 24 hours of our request, the Resident must pay the Non-Refundable Pet Fee. There are restrictions related to animal behavior, leashes, unattended animals, etc. No deposits or fees are charged for a service animal; however, the animal must abide by the other animal restrictions unless an accommodation to such restriction has been granted. Any violation of the restrictions is a breach of the Lease and may result in damages. Certain MAA properties do not allow animals or only allow animals other than dogs at the Property or in certain units and those restrictions will be contained in this section also.

12. Package Release. MAA may, but is not required to, accept packages on behalf of Residents subject to certain restrictions set forth in the Lease.

13. Right of Access. MAA may enter the Resident’s Apartment on certain conditions and under certain circumstances to make repairs or for routine maintenance. We may also enter in the event of an emergency and under certain other circumstances set forth in the Lease.

14. Use. This section discusses the permitted and prohibited uses of the Apartment. This includes prohibitions on unlisted occupants, uses that interfere with another resident’s quiet enjoyment of the Property, illegal activity, door to door solicitation, garage sales and home offices. Residents who are evicted from the Property are not allowed to return.

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