HOUSE
TERMS OF RENTAL: LEASE LA
PAGE USE.
• Knowing the entire lease template used for LA rentals.
PAGE CONTENT.
• STANDARD LEASE + ADDENDUMS.
• LEASE TERMS CLARIFIED + DETAILED.
STANDARD LEASE + ADDENDUMS.
Apartment Owners Association of California (AOA).
1. Lease template. AOA 101 (Rev. 06/2020).
See aoausa.com/forms_member/101-Rental-Agreement-Lease-REG.pdf.
2. Pet addendum. AOA 121 (Rev.07/2007).
See aoausa.com/forms_member/121_Pet_Agreement.pdf.
3. Cosigner. AOA 120 (Rev. 06/2015).
See aoausa.com/forms_member/120_Co-Signer_Agreement.pdf.
United State Environmental Protection Agency (EPA).
1. Lead Based Paint Information
See epa.gov/sites/default/files/2020-04/documents/lead-in-your-home.pdfn.
Livable.
1. Utility addendum.
See Livable Utility Addendum LA.
Rent Swift.
1. Renters Insurance.
See rentswift.com/faq/renters-insurance/how-much-renters-insurance.
LEASE TERMS CLARIFIED + DETAILED.
UTILITIES, LANSDSAPE + INSURANCE.
UTILITIES.
1. Individually metered utilities must be contracted directly by tenant.
2. Tenant must keep utilities on during lease from first day to last day.
3. Shared meter utility accounts maintained + paid by owner or community.
4. Tenant reimburses share of utilities as determined by owner.
5. Copy of bills paid by owner will always be made available to tenant.
LANDSCAPE.
1. Tenant must maintain landscape in the same condition as received.
2. Care includes watering, pruning and weeding to maintain size + form.
3. Tenant may perform maintenance work themselves or hire service.
4. The owner may introduce the tenant to a service provider option.
5. Water features are considered a part of landscape to be maintained.
6. Tenant must maintain and repair water feature equipment.
7. Only actively used and maintained outdoor furniture may be left outdoors.
8. Stored items damages plants/structures, prevents care & attracts pests.
9. Items may be removed by owner or service provider without notice.
RENTERS INSURANCE.
1. Tenant required to obtain and maintain renter’s insurance during tenancy.
2. Minimum $100,000 in personal liability coverage.
3. Minimum $30,000 in personal property coverage.
4. Minimum $1,000 in medical bills coverage.
5. Owner must be included on policy as interested party with contact info.
6. Tenant must provide proof of insurance prior to move in and on request.
DURRING LEASE.
SECURITY + RENT PAYMENT METHOD.
1. Tenant must pay rent + any money due by method requested by owner.
2. Owner may change method at anytime due to changing bank options.
3. Owner will always provide an option that is free to tenant.
4. Tenant reimburses cost if they pay w/method causing owner bank fees.
5. Zelle, ACH, in bank check deposit or any direct deposit method accepted.
6. Typically monthly rent must be paid in a single transfer.
MAINTENANCE, REPAIRS + HELP.
1. Tenant to contact owner in the manner requested by the owner.
2. Typically be email or online form with description of issue + photos.
NEIGHBORS + SHARED ACCESS.
1. Houses + apartments may have shared utility + access.
2. Tenant must provide access to items shared or that affect neighbor.
3. Landlord may share tenant contact information with neighbors.
4. Landlord may share exterior site gate keys or codes w/neighbors or service providers.
CHECK IN/OUT.
START AND FINISH OF LEASE 12 NOON.
1. Receive keys and move in no earlier than noon on the first day of lease.
2. Complete move out and return keys no later than noon last day of lease.
3. This is to make sure move in/out inspections are done with daylight.
4. This is also to provide time between tenant similar to a hotel check in/out.
MOVE IN FORMS.
1. When receiving keys tenant must immediately inspect property.
2. Tenant to immediately complete condition forms provided by owner.
KEYS + REMOTES.
1. Tenants may be provided only 1 set of keys or 1 gate/door remote.
2. Tenants may copy keys or purchase additional remotes.
ENDING LEASE.
45 DAYS NOTICE TO END LEASE.
1. Before the lease term ends, and when the lease is month to month, the tenant must provide 45 days notice to owner to terminate the lease, not just 30 days.
EARLY LEASE TERMINATION BUY OUT OPTIONS.
1. Tenant is responsible to pay all the rent for the entire length of the lease.
2. Buying a house, new relationships or moving for work can cause issues.
3. Tenant/owner agree to following early lease termination buy out options.
4. Option 1 provides the least penalty to tenant and disruption to owner.
OPTION 1: If the tenant breaks the lease and moves out before the lease period is complete, but stays current on their rent payments until a replacement tenant is found AND provide a replacement tenant that the landlord approves, then the tenant will pay a lease buy out fee equivalent to 1 months rent.
OPTION 2: If the tenant breaks the lease and moves out before the lease period is complete, but stays current on their rent payments until a replacement tenant is found by the landlord, then the tenant will pay a lease buy out fee equivalent to 2 months rent.
OPTION 3: If the tenant breaks the lease and moves out before the lease period is complete, stops making rent payments and does not provide a replacement tenant that the landlord approves. Then the tenant will pay a lease buy out fee equivalent to 3 months rent or equivalent to the amount outstanding unpaid rent, whichever is smaller.
EXTRA SERVICES.
1. If the tenant doesn't perform the maintenance or repairs for which they are responsible, the owner may perform or coordinate the work in which case the tenant will be responsible to pay extra rent for these services.
2. 110% of contractor or material costs incurred by the owner will be charged to the tenants as additional rent.
3. For each hour the landlord spends coordinating contractors the tenant will be charged and additional $75 in rent.
HOLD OVER RENT.
1. If the unit is not returned in the same condition as it was at move-in, the tenant will be charged rent for the days necessary for the landlord to return the unit to the original condition.
RENEWING LEASE.
FOR LEASES LONGER THAN 1 YEAR.
1. During and after the initial lease term the rent will automatically adjust each year in accordance with Los Angeles Rent Stabilization Ordinance (RSO) which states in part: Three percent (3%) to eight percent (8%) every 12 months in accordance with the annual rent increase percentage, which is based on the Consumer Price Index (CPI) average for the twelve (12) month period ending September 30 of each year.
TENANTS + OWNER TO SIGN WITH LEASE.
TENANT SIGN + DATE:
TENANT SIGN + DATE:
TENANT SIGN + DATE:
OWNER SIGN + DATE: