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Fee
Retained
by
Owner
Owner shall be entitled to retain the Application Deposit and Administrative Fee as liquidated damages; in which case, all further obligations
to lease the premises to Applicant shall be terminated if: (i) the Application is withdrawn, for any reason, after signing this Application; or
(ii) the Application is accepted, but Applicant does not sign an Apartment Lease Agreement as and when required by Owner; or (iii) if the
Applicant has provided false or misleading information within this Application. For the purposes of this provision, if the Applicant is required
to pay an additional Application Deposit in order to qualify for occupancy, the Application shall be deemed conditionally accepted prior to
the payment of such additional Application Deposit and the failure to pay the additional Application Deposit will entitle Owner to retain the
originally paid Application Deposit, even if the Application is subsequently rejected by the Applicant’s failure to pay the required additional
Application Deposit.
Applicant acknowledges that Owner’s standard Lease which Applicant will be asked to sign provides that, after the initial term of the Lease, the
Lease will automatically continue on a month-to-month basis until terminated by either party giving at least sixty (60) days prior written notice
of termination to the other, whether such termination date is to be on the date of the expiration of the initial term or any renewal term thereafter.
Applicant further acknowledges that Owner’s standard Lease provides that the resident will have the right, in the resident’s sole discretion, to
terminate the Lease prior to the expiration of the initial or renewal term by following certain procedures, which will include paying a Cancellation
Payment in an amount specified in the Cancellation Option contained in the Lease and signing a Cancellation Agreement. Applicant is encouraged
to review Owner’s standard Lease, as well as the State Addendum to the Lease for the state in which the property is located, prior to signing and
to ask any questions Applicant may have regarding any Lease provisions. Owner’s standard Lease, and the State Addendum to the Lease for the
state in which the property is located, can be found on the Owner’s website at Trammell Crow Residential.
Dated effective on the date Owner or Owner’s representative has received a completed Application from Applicant, as indicated above.
OWNER:
APPLICANT:
APARTMENTS
Signature:
Signature:
________________________________________
Name Printed: ________________________________ Name Printed:
Date:
Date:
__________________________________________
Spouse’s Signature:________________________________
Name Printed: ____________________________________
Date: ___________________________________________
4
Riverstone Residential Group Rental Application
Revised December 21, 2005