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6.1 Security Deposits. Lessee shall pay to the Authority as a Security Deposit the sum of $100.00 upon
execution of this Lease unless paid in advance.
6.2 No Segregation or Interest on Deposits. The Security Deposit specified hereinabove shall be
maintained by the Authority and collected for the faithful performance of all of the terms, conditions and
covenants of this Lease by the Lessee including payment of Rent and Other Charges, until after surrender of
the Leased Premises. The Authority is not obligated to maintain monies paid toward security deposit in a
segregated account. The Authority shall have no obligation to pay interest on any deposit, except as
required by law. Refund, if any, of a Security Deposit is governed by Section 11.5 hereof.
ARTICLE VII. RENT AND OTHER CHARGES.
7.1 Monthly Rent. The Lessee shall _______rent per month ("Monthly Rent"), due and payable in
advance on the first day of each month, beginning 3/31/08.
7.1.2 Proration. The Authority will prorate the rent for Lessees who move in after the first day of
the month. The Lessee will pay the pro rata payment in the amount of $ N/A
for the period beginning
N/A
and ending on N/A .
7.1.3 Changes to Rent. The Monthly Rent is subject to change in accordance with Article X of
this Lease.
7.2 Other Charges. All other payments due under this Lease including, but not limited to, late charges,
returned check charges, excess utility charges, service charges, grounds maintenance charges, repair and
damage charges, contractor charges, fire damage charges, pet charges, motor vehicle removal charges,
“lock-out” charges, replacement key charges, and any other charges or fees as may be specified hereunder
shall be deemed "Other Charges.” Such Other Charges shall be charged to the Lessee’s account and shall
be due and payable on the first day of the month after the Authority has given the Lessee thirty days written
notice of the charges. The amount of such ‘Other Charges,’ with the exception of contractor charges and
fire damage charges, shall be fixed in the Schedule of Charges, which shall be posted in the Property
Management Office. Any change to the Schedule of Charges shall be subject to a (30) day period of notice
and opportunity for comment before the change takes effect.
7.2.1 Late Charges. The Lessee must pay Rent on or before the first (1st) day of each month. If
the Lessee fails to pay the Monthly Rent by the 10
th
day of the month, regardless of whether the 10th day of
the month is a holiday, Saturday or Sunday, then the Lessee shall be liable for a charge. The amount of the
Late Charge is as posted in the Schedule of Charges at the Property Management office. This late charge
does not establish a grace period for the late payment of rent. Rent remains due and payable by the first
day of each month.
7.2.2 Returned Check Charges. There will be a charge for a returned check, in addition to the
Rent or late charge amount due, if a check written by or on behalf of the Lessee is returned for insufficient
funds. The amount of the charge shall be the amount charged to the Authority and posted in the Schedule of
Charges posted in the Property Management offices.
7.2.3 Excess Utility Charges. There will be a charge for window air conditioners, refrigerators,
freezers, washers, dryers and similar appliances in the Leased Premises which have not been furnished by
the Authority, except where air conditioners are installed pursuant to a reasonable accommodation. The
amounts of those charges are stated in the Schedule of Charges as “Excess Utility Charges for Tenant
Supplied Appliances” which is posted in the Property Management offices. The charges will be posted to
the Lessee’s account until such time as the appliance in question is physically removed from the Leased
Premises and the Lessee has given written notice to the Authority and the Authority has verified that the
appliance has been removed. The charges may be pro rated annually in which case there will be a charge
posted to the Lessee's account for each month during the year.
7.2.4 General Service, Repair and Damage Charges. The Lessee shall pay for any service,
repair, maintenance, damage, and cleaning and/or extermination expenses incurred by the Authority caused
by the action or inaction of the Lessee or Others in the Leased Premises or otherwise on the Development.
The costs to remedy the aforementioned shall be charged to the Lessee's account. A schedule of
maintenance and repair charges is posted in the Property Management Office. For work not listed on the