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PROPERTY CONTRACT

  1.   ACKNOWLEDGEMENT:

 

Below are the parties involved in acknowledging this Agreement.

 

This Agreement is created between Christine Olsen (Landlord) and               (Tenant) agree as follows;

 

The Rental Party will be referred to as Tenant.  All Persons in the Tenant party, or guests of the Tenant party will be bound by the terms of this Agreement.  Please note, the signatory, Tenant,  of this Agreement bares all responsibility both financially and legally for any damage or accident that takes place during the Tenant’s rental period.  

 

The terms “Premises” and Property will be used throughout this to represent 10521 Cushdon Avenue, Los Angeles, CA 90064; including the interior, exterior, and Property.

 

Only persons listed on this Agreement may stay in or visit /on the Property.  The primary Tenant of 10521 Cushdon Avenue Los Angeles, CA 90064/Property must be the signatory of this Agreement and must be staying on the Property.

 

The Property is presented fully furnished.

 

LANDLORD:

Name:  Christine Olsen

Phone Number:  310 365 0776

Email:  photographyandmovies@icloud.com

 

2.  PROPERTY:

Landlord rent to Tenant and Tenant rents from Landlord:  10521 Cushdon Avenue, Los  Angeles, CA 90064-3315

 

 

Tenant INFORMATION:

The Property is for the sole use as a personal residence by the following named person(s):  Lynda Levy, Stan Levy

 

:

Phone Number: Phone Number:

E-mail: E:mail:

Address: Address:

Cell: Cell:

 

 

 

 

Guests Visiting The Property:

 

 

3.   TERM/PERIOD:

 

The Term begins Month Date, 2024 (Commencement date at 11:00 AM PST. (i) If Tenant has not paid all amounts due prior to move on; Tenant has not rights to the required house codes to enter the Property.  (ii) This Agreement is voidable at the option of the Landlord, 2 calendar days after giving Tenant a Notice to Pay.  Notice may be delivered to Tenant in person, by mail, or by e-mail.  All information; including address, contact phone number, and e-mail will be provided to Landlord upon signature of this contract and at least one month prior to Commencement Date. 

 

  • The Rental period will begin on Month Date, 2024 at 11:00 AM PST and will end Month Date, 2024 at 11:00 AM. 

  • The Rental Party agrees and must provide a minimum of thirty (30) days’ notice of departure. 

  • The contract may be extended on a month-to-month basis.  If the Tenant wishes to extend their stay, they must first contact the Landlord.   

  • Notification must take place by Month Date, 2024.

  • Tenant shall vacate the Property upon termination of the Agreement, unless (i) Landlord and Tenant have extended this Agreement in writing or signed a new Agreement in writing. 

  • All other terms and conditions of this Agreement shall remain in full force and effect.

  • If Tenant does not exit on the date and time defined by this Agreement, Tenant will be trespassing and will be forcibly removed by law enforcement and fined $5000.00.  Upon signing this Agreement Tenant agrees to the conviction of trespassing and understands they will immediately lose their security deposit.

 

 

4.   MONTHLY RENT/PAYMENT:

  • Tenant agrees to pay $ 15,852.00 per month for the term of the Agreement.

  • Rent is payable in advance on the 1st day of each calendar month, and is delinquent on the next day.

  • Rent will be made as a direct deposit by the first of each month paid by wire/electronic transfer.  

 

 

5.  ENTRY

  • Our Property Manager will meet Tenant up on arrival.  If the Property Manager is unable to connect with Tenant at proposed time, the Property Manager will meet Tenant within the hour to review the home.

  • Tenant will be provided with a link two days prior to arrival with all the pertinent information to navigate the home.

 

6.   SECURITY DEPOSIT/DAMAGES:

  • A security deposit in the amount of  $00,000 (one month for every three months) will be received prior to the Commencement Date.

  • Security Deposits shall not be used by Tenant in lieu of Payment of last months rent.

  • If all or any portion of the Security Deposit is used during the tenancy, Tenant agrees to reinstate the total security deposit within 5 days after written notice is delivered to Tenant.  

  • If the Tenant, a guest of the Tenant, someone the Tenant invites onto the Property, or a pet causes damage during a stay, the damage will be assessed by the Landlords contractor(s).  The Tenant/ agrees to pay all damages.

  • Please note, outdoor damage is also considered damage.  Especially the high-grade synthetic grass located in both the front and back yards.

  • Please note we photograph/Video the house prior to each rental with a date stamp.

  • The Deposit will be returned within 21 business days after the rental period is completed and Tenant vacates the Property.

  • Tenant agrees to pay 100% of all damages caused by Tenant, anyone the Tenant invites onto the Property, or any animal.  There are no animals allowed in the house at any time.

  • Landlord shall furnish Tenant with an itemized statement indicating the amount of any deduction made against the Security Deposit received and the basis for its disposition. Any remaining portion of the Security Deposit will be returned to Tenant.

  • Security Deposit will not be returned until Tenant(s) has vacated the Property and all keys have been returned.  Any Security Deposit returned by check shall be made out to the entity that paid the Security Deposit (ie insurance company in applicable.)

  • No interest will be paid on the Security Deposit.

 

 

7.  LATE CHARGE;  RETURNED CHECKS:

  • Tenant acknowledges either late payment of Rent or issuance of a returned check may cause Landlord to incur costs and expenses, the exact amount of which are extremely difficult and impractical to determine.  These costs may include, but are not limited to, processing, enforcement, and accounting expenses, and late charges imposed on Landlord.  

  • If any installments of Rent due from Tenant are not received by Landlord within 5 calendar days after the date due, or a check is returned, Tenant shall pay  Landlord, respectively, an additional sum 3.000% of the Rent dues and Late Charge of  $25.00, and $35.00 as a thereafter for each additional returned check, either or both of which shall be deemed in addition to Rent.

 

 

8.  DISPUTE

  • In the event of any dispute or claim relating to or arising out of our relationship, Tenant and the Landlord agree that (i) any and all disputes between Tenant and the Landlord shall be fully and finally resolved by binding arbitration, (ii) Tenant(s) are waiving any and all rights to a jury trial, but all court remedies will be available in arbitration, (iii) all disputes shall be resolved by a neutral arbitrator who shall issue a written opinion, (iv) the arbitration shall provide for adequate discovery, and (v) the Tenant shall pay all the arbitration fees, except an amount equal to the filing fees Tenant would have paid had Tenant filed a complaint in a court of law. 

 

 

 

 

 

9.   OCCUPANCY:

  • The maximum number of occupants permitted is 2 unless previously discussed and agreed upon with the Landlord.  

  • Children 12 and older are welcome to visit the home.  Children under the age of 12 must be agreed upon by both parties.

  • Tenant agrees they have no legal rights to stay in/on the Property past agreed upon departure date and time unless previously agreed upon by both parties as described above.

 

 

10.   UTILITIES, SUPPLIES AND FURNITURE:

  • All necessary utilities will be provided by Landlord.  Utilities include:  electricity, water, gas, cable and internet.  We provide air conditioning/heating.  Please note we use ECO control the air conditioning/heating.  We ask that you do not adjust the temp.  If the temp is adjusted below 72 degrees Tenant may receive an additional fee. The house stays very cool throughout the summer and warms up rapidly.  If there is a problem please text or notify the Rental Manager.  We ask that you please be mindful that we do live in the water conscious state of California.

  • Landlord agrees to cover up to $600 in utilities, anything above is the Tenants responsibility.

  • The Tenant is responsible for taking good care of the furniture and appliances.  The Tenant agrees to pay for any needed repairs or replacement of anything that becomes damaged during Tenant’s stay.  We will have a all appliances checked with written confirmation that all appliances are in working order prior to move in date.

  • Any damage discovered after Tenant is or has been residing on the Property, will be brought to the Tenants attention.  Out of respect for the Property, Tenant should bring all damages to the attention of the Rental Manager.  All damage costs will be deducted from Tenant’s security deposit.  If anything breaks please be respectful and bring it to the attention of the Landlord or Rental Manager. 

  • A starter supply of household hygiene products, coffee, household cleaning products, toilet paper and paper towels may be available for Property use.  If Tenant is staying more than five nights Tenant is responsible for purchasing any additional supplies needed. 

  • Landlord has contracted a gardening service who will service the Property every Monday early afternoon.  If there is a grounds issue, please contact the Rental Manger and she will communicate with the Gardner.

  • Landlord has contracted a service to take out the garbage cans every Thursday and return the cans after pick up on Friday or sometimes Saturdays. (Occasionally the cans are not emptied on Friday.)

  • Landlord has contracted a Spa services every Friday between the hours of noon to 4PM.

  • Tenant acknowledges that Landlord has cameras located on all exterior sides of the home, the gate and garage.  There is also a camera in the laundry room facing the garage.  If any camera is unplugged, removed or turned off Landlord reserves the right to terminate the Tenant’s stay.  All cameras do record visual activity and sound.

  • Landlord has contracted a Pest Service Control to treat the Property at regular intervals throughout the year.  The Property Manager will contact the Tenants at least two day in advance of service to let them know when service will take place.

  • Tenant agrees to let Pest Control Service onto the Property.

  • Please note all Pest Control chemicals are organic.

 

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11.   SUBLETTING:

  • Absolutely NO subletting is allowed.  The Tenant agrees not to assign or sublet the Property.   

  • Landlord reserves the right to conclude the Tenant’s stay at any time causing Tenant to forfeit the rent, security deposit & guaranteed eviction.

  • There will be NO exceptions.

 

 

12.  RULES OF THE HOUSE - MAINTENANCE, PEACE/ORDER AND OTHERS:

  • The Tenant agrees to follow and implement the standards of cleanliness to the Property.

  • The Tenant agrees to keep the Property in good condition.  And return the Property in the condition it was in on Commencement Date.

  • The Tenant is financially responsible for any and all damage the house or its content may incur while Tenant is renting the house.  Damages will be deducted from the Security Deposit or charged to the Tenant when the damage is fixed or replaced.

  • The Property has high-end artificial grass. The grill or any hot item is not to be moved onto the grass, as it could melt the grass.  Tenant will be finically responsible for the replacement of the artificial grass (same quality) if the grass is damaged.

  • Pets are absolutely NOT allowed.

  • Smoking is absolutely NOT allowed anywhere in the house or on the Property.

  • Tenants are NOT allowed to keep firearms, bows, or any other weapons in the home or on the Property.

  • Tenant agrees to properly store all perishable goods.

  • Flammable materials, explosives, hazardous waste or other inherently dangerous material, or illegal substances are not permitted on the Property or in the House.

  • The Tenant agrees not to use the Property in a way to disturb the peace in the surrounding environment.

  • Parties or a party like atmospheres are strictly not allowed. Landlord reserves the right to conclude the Tenants stay at any time causing Tenant to forfeit the rent, security deposit & possible eviction.

  • Tenant agrees not to use the house and or Property for any type of business including catering, filming, meetings, or other business ventures.  Tenant will be immediately removed from the home and Property,  Security deposit will be forfeited.   

  • The Tenant’s personal Property is NOT covered by the Landlord’s insurance .  The Landlord is not responsible for any loss, theft, or negligence of Tenants personal Property including Tenants car.

  • Tenant agrees to use the Property as a private residence for not more than the maximum number of persons as indicated in this Agreement.  Tenant agrees not to allow the Property to be used for any business, professional or unlawful purpose.

  • Landlord reserves the right to conclude the Tenants stay at any time causing Tenant to forfeit rent, security deposit and eviction, if agreed upon terms have not been followed as described in this Agreement.

  • Tenant agrees not to unlock or attempt to open any doors, closets, cabinets etc that have been purposely locked off and/or identified as locked .  If locks have been broken or forced open Tenant will loose their security deposit.  If any items are removed from the Property Landlord will consider the act breaking and entering.

​

 

13.  HOT TUB DISCLAIMER:

Tenant acknowledges that there are certain risks associated with Hot Tubs.  Use of the Hot Tub is at user’s own risk.  We ask the Hot Tub is closed after each use.  Landlord has contracted a spa cleaner who will service the spa every Friday afternoon.  Hot Tub towels are provided near the back door.

 

 

14.  PELETON AND WORK OUT AREA:

Tenant acknowledges that there are certain risks associated with using a Peleton and Workout areas, workout equipment.  Use of the Peleton and workout area is at the user’s own risk. Tenant agrees to use their own account to sign in to Peleton.

 

 

15.  PARKING:  

As previously reviewed with Tenant, Tenant will have the ability to park in the driveway if Landlord has taken their car off of the Property.  However, if the Landlord is leaving Los Angeles Tenant understands, and has agreed, that Landlord may continue to keep their car in the driveway.

 

  • Tenant recognizes that their is ample parking on the neighborhood street immediately in front of the Property.  No permits required.

  • Street Cleaning days are as follows:  Monday there is no parking across the street from the Property from 10:00 AM to Noon.  Tuesday there is no parking on the Property side of the street from 10:00 AM to Noon.

  • If Tenant is to use the driveway, they will be given a Gate Opener.  If this Gate Opener is lost the Tenant agrees to pay for a replacement.  The fee is $350.00.  The Gate installer is required to come to the Property to not only replace the opened, but to re-key the Gate.

  • Tenant agrees to keep the driveway clean.  Any leaking gas, oil or other motor vehicle fluids will be cleaned from the driveway at Tenants expense.

  • Mechanical work, or storage of inoperable vehicles, or storage of any kind is not permitted in the driveway on the street in front of the Property or on the Property itself.

 

 

16.  ALTERATIONS OR REPAIRS:

  • Unless otherwise specified by law or written consent by Landlord, Tenant shall not make any repairs, alterations improvements in, on or about the Property including:  painting, wallpapering, adding or changing locks, installing antennas, or satellite dishes, placing signs, displays or exhibits, or using screws or nails, fastening devices, or adhesives materials of any kind.  

  • Landlord will not be responsible for any costs of alterations or repair made by Tenant,  Tenant shall not deduct from rent the cost of any repairs, alterations or improvements.

  • Any deductions made will be considered unpaid Rent.

 

Tenant agrees to comply with all Landlord rules and regulations that are at this time posted on the Premises or delivered to the Tenant.  Tenant shall ensure all guests, invitees, and licensees of Tenant shall not, disturb, annoy, endanger or interfere with neighbors, or use the Premises for any unlawful purposes, under federal, state or local law including, but not limited to,  manufacturing, selling, storing or transporting illicit drugs or other contraband, or violate any law or ordinance, or commit a waste or nuisance on or about the Property.

 

 

 

 

17.  ENTRY:

  • Tenant shall make Premises available to Landlord’s representative (Property Manager) for the purpose of entering to make necessary or agreed-upon repairs.

  • Landlord and Tenant agree that 24 hour notice shall be reasonable and sufficient notice, except as follows:  48 hour written notice is required to conduct an inspection of the Property prior to the Tenant moving out, unless the Tenant waives the right to such notice.

  • Landlord and Tenant can orally agree to an entry for agreed services or repairs if the date and time of entry are within one week of the oral Agreement.

  • No notice is required to enter in case of an emergency.  If the Tenant is present and consents at the time of entry; or Tenant has abandoned or surrendered the Property.

  • Tenant is NOT permitted to give their door code or alarm code to anyone.  Not family of Tenant or service personnel.  Each person will be given their own code.

  • Tenant agrees to provide entry to Landlord’s cleaning service once a week (they have their own code.)  This can not be canceled.  However, the day of the week can be changed.  This request must go through the Rental Manager.

 

 

18.  JOINT AND INDIVIDUAL OBLIGATIONS:

  • If there is more than one Tenant (2 is the maximum), each one shall be individually and completely responsible for the performance of all obligations of the Tenant under this Agreement.

 

 

19.  BREACH OF CONTRACT; EARLY TERMINATION:  

  • In the event of termination by Tenant prior to completion of the original term of the Agreement, Tenant shall also be responsible for lost Rent, rental commissions, advertising expenses and painting costs necessary to ready Property for re-rental.  Landlord may withhold such amounts from Tenant’s Security Deposits.

 

 

20.  TEMPORARY RELOCATION:  

  • Subject to law, Tenant agrees, upon demand of the Landlord, to temporarily vacate Property for a reasonable period, to allow for fumigation (or other methods) to control wood destroying pests organisms or other repairs to the Property.  Tenant agrees to comply with all instructions and requirements necessary to prepare Property to accommodate pest control, fumigation or other work, including bagging or storage of food and medicine, and removal of perishable and valuables.  Tenant shall only be entitled to a credit of Rental equal to the per diem Rent for the period of time Tenant is required to vacate Property.

 

 

21.  INSURANCE:  

  • Tenant’s, guest’s, invitees or licensee’s personal property and vehicles are not insured by Landlord, against loss or damage due to fire, vandalism, rain, water, criminal or negligent act of others, or any other cause. Tenant is advised to carry Tenant’s own insurance (renter’s insurance) to protect Tenant from any such loss or damage.

  • Tenant shall comply with any requirements imposed on Tenant by Landlord’s insurer.

 

 

22.  Tenant:  

  • Tenant is asked not to bring in any outside equipment into the house, such as a treadmill or any significant furniture or equipment.   

  • If the Tenant would like to bring in something of this nature, they must get written approval by the Landlord, and the Rental Manager will be present upon entry of such an item into the home (for sake of the floors and walls.)

 

 

23.  NOTICE:

  • Notices may be served at the following address, or at any of the other locations subsequently designated

  • Landlord:  Christine Olsen mcdeeob@mac.com

  • Tenant:          Tenant Email:

  • Tenant Address:

 

 

24.  REPRESENTATION:

  • TENANT REPRESENTATION; OBLIGATIONS REGARDING OCCUPANTS; CREDIT:  Tenant warrants that all statements in Tenants’ rental application are accurate.  

  • LANDLORD REPRESENTATIONS:  Landlord warrants that, unless otherwise specified in writing, Landlord is unaware of (i)any recorded Notices of Default affecting the Property, (ii) any delinquent amounts due under any loan secured by the Property; and (iii) any bankruptcy proceedings affecting the Property.

 

 

25.  AGENCY:

  • CONFIRMATION:  The following agency relationship(s) are hereby confirmed for this transaction.

  • Landlord’s Brokerage Firm:  

  • The broker is both the Landlord and the Tenant

  • Landlord’s  Agent: 

  • License Number: 

  • ​

  • Tenant’s Brokerage Firm:        

    • License Number:  

    • Tenant’s Agent:  

    • License Number:

  • ​

 

26.  INDEMNIFICATION: 

The Tenant indemnifies the Landlord and the Property free and harmless against any and all liabilities such as accidents, loss of Property, injury, or death of any person.

 

 

27.  AMENDMENT:

This Agreement can only be changed or modified with the written consent or written permission from the Landlord.

 

 

28.  COVERING LAW:

This Agreement shall be governed under the laws of the Sate of California.

 

The Tenant agrees to the terms defined in this agreement by signing below and/or entering the Property, 10521 Cushdon Avenue, Los Angele, CA 90064.

 

Tenant Landlord

Christine Olsen

Signature Signature

 

 

Date Date

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