EXPLANATION OF THE MERLIN LEASE DOCUMENT
35. Resident Specific Provisions. If the Lease is set up in Yardi as a Mid-America Corporate Apartment (“MAACA”) lease, an MAA associate lease, courtesy officer lease or Open Arms guest lease, the applicable Section 35 will automatically populate in the Lease. For a MAACA lease, Section 35 specifies that MAACA may assign the Lease and will not pay early termination fees, deposits or late fees and will pay rent via journal entry. For an associate Lease, Section 35 specifies the associate discount, termination provisions and eligibility criteria. For a courtesy officer Lease, Section 35 specifies the courtesy officer discount, termination provisions and requirements of courtesy officers. For an Open Arms guest, Section 35 specifies the qualifying criteria for an Open Arms guest and the termination provisions.
SIGNATURE PAGE. All Residents and the Property must sign the Lease. The signature page will also include the Property phone number and a reminder to call 911 for emergencies.
CLEANING AND DAMAGES COST SHEET. The Cleaning and Damages Cost Sheet is attached to every Lease. It provides estimates for charges that may be applied at move out based on the condition of the Apartment. Note that the Cleaning and Damages Cost Sheet also includes signature lines for the Resident to sign the sheet again after move out. ADDENDA. Depending on the Property and jurisdiction, there may be additional addenda attached to the Lease (e.g., for Texas properties that bill for water, there will be additional information related to water billing; for Florida properties, there will be a Liquidated Damages Addendum; and for other properties, there will be state or local ordinance requirements).
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