8. Entry and Inspection: Lessee shall permit Lessor or Lessor’s agents to enter the premises at
reasonable times and upon reasonable notice for the purpose of inspecting the premises or for
making necessary repairs.
9. Possession: If Lessor is unable to deliver possession of the premises at the commencement
hereof, Lessor shall not be liable for any damage caused thereby nor shall this agreement be void
or voidable, but Lessee shall not be liable for any rent until possession is delivered. Lessee may
terminate this agreement if possession is not delivered within ____ days of the commencement of
the term hereof.
10. Security/Damage Deposit: The security deposit of $_______ shall secure the performance
of the Lessee’s obligations hereunder. Lessor may apply all or portions of said deposit on
account of Lessee’s obligations hereunder. Upon exercise of the option, Lessor shall credit said
deposit towards the purchase price of the property. .
11. Deposit Funds: In the event Lessee does not exercise the purchase option, any returnable
portion of the security/damage deposit shall be refunded within fifteen (15) days from the date
possession is delivered to Lessor or his/her authorized agent.
12. Attorney Fees: The prevailing party shall be entitled to all costs incurred in connection with
any legal action brought by either party to enforce the terms hereof or relating to the demised
premises, including reasonable attorneys’ fees.
13. Notices: Any notice which either party may or is required to give may be given by mailing the
same, postage prepaid, to Lessee or at such other places as may be designated by the parties from
time to time.
14. Heirs, Assigns, Successors: This lease and option shall include and insure to and bind the
heirs, executors, administrators, successors, and assigns of the respective parties hereto.
15. Default: If Lessee shall fail to pay rent when due or perform any term hereof after not less
than three (3) days written notice of such default given in the manner required by law, the Lessor
at his/her option may terminate all rights of the Lessee hereunder, unless Lessee, within said time,
shall cure such default. If Lessee abandons or vacates the property while in default of payment of
rent, Lessor may consider any property left on premises to be abandoned and may dispose of the
same in any manner allowed by law. In the event the Lessor reasonably believes that such
abandoned property has not value, it may be discarded.
16. Encumbrances: Lessee shall take title to the property subject to: a) Real Estate Taxes not
yet due and 2) Covenants, conditions, restrictions, reservations, rights, rights of way, and
easements of record, if any.
17. Examination of Title: Lessee shall have fifteen (15) days from the date of receipt of title
report to examine the title to the property and to report, in writing, any valid objections thereto.
Any exceptions to the title which would be disclosed by examination of the records shall be