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<br />. <br /> <br />. <br /> <br />. <br /> <br />Mounds View Economic Development Authority <br />Lease <br /> <br />By this agreement made and entered into on June 11, 200t between CITY OF MOUNDS VIEW <br />ECONOMIC DEVELOPMENT AUTHORITY ("Lessor"), and Vanessa Brannon ("Tenant"), <br />Lessor leases to Tenant the premises situated at 3016 County Road H2 in the City of Mounds <br />View, Ramsey County, Minnesota, together with all appUl1enances, for a ternl commencing on <br />June 15, 2001, and ending on June 30, 2001, at 5:00 p.m. The lease shall be month to month <br />thereat1er. <br /> <br />1. Rent. <br /> <br />a. <br /> <br />Amount: Tenant agrees to pay, without demand, to Lessor as rent for the demised <br />premises the sum of four-hundred twelve and 50/100 Dollars ($412.50) for the <br />teml of the lease in advance on the day the leased is signed at such address as <br />shall be designated by Lessor. Tenant agrees to pay, without demand, to Lessor <br />as rent for the demised premises the sum of eight-hundred twenty-five and <br />Noll 00 Dollars ($825.00) thereafter. The amount of rent is subject to Lessor's <br />right to increase by giving 30 day written notice. <br />Payment: The rent payment for each month must be paid on the 1 sl of each <br />month. A twenty-five dollar ($25) late fee will be charged if rent is not paid by <br />the 10111 of the month. Lessor does not have to give notice to Tenant to pay the <br />rent. Tenant understands that Lessor will not accept a partial payment of rent. <br />Responsibility for Rent: Every tenant listed above is individually responsible for <br />paying the full amount of rent owed to Lessor. <br />Service Fee: A twenty-five dollar ($25) service fee will be charged for returned <br />checks. <br /> <br />b. <br /> <br />c. <br /> <br />d. <br /> <br />2. Securit.v Deposit. On execution of this lease, Tenant shall deposit with Lessor eight <br />hundred twenty-tive and Noll 00 Dollars ($825.00), as security for the faithful performance <br />by Tenant of the terms of this lease agreement, to be returncd to Tenant, with interest as <br />provided by law, on the full and faithful perfomlance by Tenant of the provisions of this <br />lease agreement. If Tenant fails to perform any term in this lease agreement, Lessor may <br />use the security deposit for payment of money that Lessor may spend, or damages that <br />Lessor suffers because of Tenant's failure. The Lessor may use the security deposit to pay <br />for any damage to the demised premises caused by the Tenant or the Tenant's guests, or to <br />return the demised premises to the condition existing when Tenant first moved in. The <br />security deposit may not be used do pay any rent that the Tenant owes to the Lessor at the <br />end of the lease agreement. <br /> <br />3. Quiet El!joyment. Lessor covenants that on paying the rent and perfornling the covenants <br />contained in this lease agreement, Tenant shall peacefully and quietly have, hold, and enjoy <br />the demises premises for the agreed ternl, except as otherwise provided herein. <br /> <br />4. <br /> <br />Use of Premises. <br /> <br />S.lR-1884-l5\'~ <br />MLJ~05-23 <br />