Landlord:

Address for Notices:

Name: _________________________________ RENTAL COMPANY ONE, INC.

10 RAILROAD AVE. ONEONTA, NY 13820

607-431-9525

Address of Premises Leased: ________________________________________________ Oneonta, NY 13820

Term begins: ___________________ Term ends: ____________________

Number of persons required to fill this apartment is ________.

$_________ rent due per person on or before 06-01-08 $________ if paid after 06-10-08*

$_________ rent due per person on or before 08-15-08 $________ if paid after 08-25-08*

$_________ rent due per person on or before 01-01-09 $________ if paid after 01-10-09*

$_________ amount due per person for Security Deposit.

$_________ Total rent due 06-01-08 **

$_________ Total rent due 08-15-08 **

$_________ Total rent due 01-01-09**

$_________ Total rent for Term ** (see clause 25 on reverse side)

$_________ Total Security Deposit required for the Premises

$_________ Total Security Deposit paid upon the signing of this Lease

$_________ Balance of Security Deposit due on or before____________.***

* Rents paid after this date will be subject to $2. per day additional rent.

** Total rent owed will increase accordingly if individual Tenants pay rent more than 10 days past due date

*** If security deposit is not paid when due Landlord may at his option cancel this Lease.

Tenant will pay for the following services: ( ) Heat ( ) Electric ( ) gas

Premises are Leased: ( ) Unfurnished ( ) Furnished

Rent will be collected by : ( ) College Semesters ( ) Monthly ( ) Other

or

Landlord _____________________________ Lease Date ________________

We the undersigned, fully understand that if the lease is signed with less that the required number of people to fill the apartment, or if less people occupy the apartment than signed the lease, that the undersigned are responsible for the total rent owed for the apartment. (Total rent for term) Clause 25 on back

For persons on Financial Aid the following option may be selected. A copy of your Financial Aid award letter must be submitted to Rental Company One, Inc. to select this option. To avoid late fees for up to 60 days, while awaiting Financial Aid, you must pay a minimum of $500 on per month starting on the day of the month the rent was due. All rents that remain unpaid (on rent due per person line above) for 60 days past the original due date, are subject to all late rent provisions contained herein. Missing a payment voids this option. Balance in full and late fee will then apply. If a tenant needs to make the monthly payments for entire lease period, then that tenant will incur a one time processing fee of $100 added to the first semester's rent.

TENANTS - PRINT HERE TENANTS - SIGN HERE PAID TODAY

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Special Terms or Conditions are listed below:

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TERMS AND CONDITIONS

1. Use Only the persons signing this Lease may live at the Premises. There will be additional rent owed if additional persons are allowed to occupy the Premises. Tenant will keep the Premises clean and in reasonably good repair. Tenant is responsible for the cost of repair to the Premises, when the need to repair or clean has resulted from the action or negligence of the Tenants or guests of the Tenants. Tenant is not permitted to occupy past the ending term of the lease. Tenant will pay additional rent of $100 per day for each day the Tenant occupies the premises, or their belongings are left in the apartment, beyond the term of their lease.

2. Landlords Right To Enter Landlord may at reasonable times, enter the Premises to examine, to make repairs, and to show it to prospective tenants or buyers. Tenant must provide Landlord with their phone number .

3. Notices Any notices to either party must be in writing. Any notice of repairs required must be mailed to Landlord.

4. Representations All promises made by the Landlord are in this Lease. There are no others. Lease may only be changed by agreement in writing signed by both parties.

5. Recycling Tenant must follow all Recycling Laws passed by the City of Oneonta and Otsego County. All garbage must be disposed of in clear bags. All recycleables must be cleaned and sorted and disposed of in separate containers. If recycleables or garbage is improperly disposed of, the Landlord will charge the Tenants $50. per pick up, said amount due and payable the day the garbage is picked up.

6. Cleaning Tenant must keep the Premises in clean sanitary condition. If Tenant fails to keep the Premises clean, during the term of this Lease, Landlord may clean the Premises and charge the Tenant. Tenant must return the Premises in clean condition. The bathroom, kitchen, floors, walls, refrigerator and oven must be returned in clean condition. Tenant must repair and paint walls a light pastel color if walls have been painted or damaged in any other way. Landlord will deduct unpaid charges for cleaning from the Security Deposit.

7. Possession Landlord will give Tenant possession of Premises the date the Term begins. Landlord shall not be liable for failure to give possession for any reason including fire or damage to Premises that make it uninhabitable, etc. Rent shall begin and be payable when Landlord is able to give possession.

8. Sublets Tenant may sublet the Premises. Tenant must notify Landlord in writing of any subletters names and addresses. Tenant will still be responsible to the Landlord for any rent during the term of this Lease. Landlord will not clean the apartment after Subletters vacate the Premises. Tenants financial obligations under this Lease do not end if the Tenant vacates the apartment or leaves the area during the term of this Lease, for any reason including illness, financial difficulties, or leaving school. If Tenant wants to have permanent replacement for the Term of the Lease, there will be a $25. charge for the Landlord signing a Sublease with the new Tenant. Tenant will remian finacially responsible to the Landlord if subletter does not meet obligations.

9. Liability Landlord is not liable for any loss, expense or damage to any person or property at the Premises. Tenant will notify Landlord in writing of any defect or dangerous condition that exists at the Premises by certified mail.

10. Tenant's Defaults and Landlord's Remedies Landlord may give written notice to the Tenant to correct any of the following defaults within 5 days: Failure to pay rent or additional rent on time. Improper conduct by Tenant or other occupant of the Premises. Keeping a pet at the Premises. Violation of any municipal ordinances at the Premises. If Tenant fails to correct the defaults listed above, Landlord may cancel this Lease by giving the Tenant a written 3 day notice stating the date the Term will end. On that date the Term and Tenant's rights in this Lease automatically end and the Tenant must leave the Premises and give the Landlord the keys. Tenant continues to be responsible for rent, damages and losses.

11. Smoke Alarms Landlord will equip Premises with a smoke alarm. Tenant is responsible for keeping batteries in the alarm. Tenant must notify Landlord in writing via certified mail if smoke alarm is missing. Premises will be assumed to be equipped with a smoke alarm unless Landlord is properly notified.

12. Painting Tenant must first get approval of the Landlord prior to painting. Tenant may paint Premises using light pastel colors at the tenants expense. Tenant may not paint with dark or bright colors. Graffiti or writing on the walls will result in immediate loss of Security Deposit. This impedes the Landlords ability to Lease the apartment to new Tenants.

13. Pet Policy No pets are permitted. This includes, but is not limited to dogs, cats, monkeys, snakes and ferrets. If Tenant violates this policy for any duration of time, however short, the Landlord will charge additional $100. rent for each pet that is brought into the house, and the pet must be removed from the apartment. Fish and birds are permitted pets.

14. Fire or Damage Tenant must give Landlord notice in case of fire or other damage to the Premises. Landlord will have the right to repair the damage or cancel the Lease.

15. Legal and Collection Fees Tenant will pay all court costs and legal or collection fees Landlord incurs in the collection of late rents or enforcing this agreement.

16. Repairs Landlord will make repairs to the Premises free of charge that occur, that are not caused by the negligent or intentional actions of the Tenant or guests. Tenant must notify the Landlord of any existing broken windows during the first 10 days of the Term of this Lease. Landlord will repair these windows at his expense. Tenant will be responsible for the breakage of any windows, regardless of cause, during the remainder of the Term. This includes objects thrown from the outside or inside of the Premises that breaks a window. Tenant will pay Landlord for windows repaired the day that the Landlord repairs the window. Tenant must notify the Landlord of any other defects in the apartment immediately upon the beginning of the term of the Lease. Tenant will pay for repairs to any walls, ceilings, doors, plumbing fixtures etc. that are damaged by the tenant during the term of the Lease. Tenant will pay for these repairs as they are billed so as not to diminish the value of the Security Deposit.

17. Plumbing Tenant will be responsible for any plumbing bills due to Tenant's negligence. These include but are not limited to: freezingpipes due to the lack of fuel oil or natural gas and clogged pipes due to the introduction of foreign objects, ie., toothpaste tubes, tampons, etc.

18. Maintenance Charge Additional rent of $15 per month per person will be paid by each person signing the Lease for following services: Landlord will mow lawn, rake leaves, provide snow removal, garbage and unwanted furniture removal. The Landlord must be notified three days prior to the discarding of unwanted furniture and it must be placed outside the Premises near the garbage bins on the day that garbage is collected. If Tenant does not properly notify the Landlord there will be an additional charge for removing unwanted furniture. Landlord will charge the Tenant for furniture removal left in the apartment at the end of the Lease period. Unpaid rent may be deducted from the Security Deposit of each Tenant, at the end of the Lease period.

19. Furniture Any furniture that may be at the Premises at the beginning of the Lease period is the property of the Landlord. Landlord will not be responsible for the condition, repair or replacement of any furniture or mattress at the Premises in a furnished or unfurnished apartment. Tenant is responsible for purchase and changing of light bulbs.

20. Exterior use of Premises Tenant may not barbecue or store grills or habachis or interior furniture on the porch. If these items are on the porch they shall be deemed abandoned property and the Landlord or his agent may dispose of them without notice. Tenant's car may not block driveway. Any cars parked on the lawn will be towed without notice. If a car needs to be towed the Tenant will be charged $50. by the Landlord . Tenant may not sit, stand , or lay on any roof surface. Tenant will immediately forfeit security deposit if found to be using the roof surface for any purpose.

21. Parties The Premises are not to be used for large parties or gatherings with more than 10 people. No beer kegs will be permitted in the Premises. Parties are not permitted on the front porch. Excessive weight damages porch beams. Violation of this clause will result in eviction.

22. Fraternities and Sororities No fraternity or sorority activities will be permitted at the Premises. This type of activity will result in eviction.

23. Security Deposit Tenant will give to Landlord Security Deposit in the amount stated in this Lease. If Tenant does not comply with the terms of this Lease, Landlord may use Security Deposit to pay amounts owed by the Tenant, including damages. If Landlord sells the Premises, Landlord will give the Security Deposit to the buyer. In the event of sale of the premises, Tenant will look only to the buyer for the return of the Security Deposit.

24. Return of Security Deposit If Tenant complies with all of the terms of this Lease, cleans the apartment, and there are no damages, Landlord will return the Security Deposit less any charges or bills not paid. Landlord will send Tenant a form to receive the Security Deposit. Tenant must complete and return this form with a self addressed stamped envelope for the return of the Security Deposit. Landlord will return the Deposit within thirty days after the end of the Lease period and the receipt of a self addressed stamped envelope, deposit form, and keys. Tenant must return apartment and bedroom key at the end of the term. Landlord will charge Tenant $5. for each key not returned within 3 days of the ending date of the Lease. Landlord may use the Security Deposit of any or all Tenants that have signed this Lease for late charges or delinquent rents or additional rent.

25. Total Rent Due All Tenants that sign this Lease are jointly and severally responsible for the total rent owed. The total rent owed will remain the same if less than the required number of people sign this Lease or less people occupy the Premises than have signed the Lease. The amount owed per person will increase accordingly if less people sign the Lease or if less people occupy the Premises, than is required to fill the apartment. Items left in the Premises after the Lease period shall be deemed abandoned property and the Landlord or his agent may dispose of them without notice. Landlord may use the Security Deposit of any or all Tenants that have signed this lease for unpaid or late rents.

26. Stored Items Tenant is soley responsible for any items lost or stolen from the Premises during the Lease period. The Tenant has rented the apartment only. The basement or attic is not to be used for storage and the Landlord will remove and discard without notice any itmes placed in the basement by the Tenant. Tenant will be charged to remove these items. The Tenant must keep all hallways and exits free from obstruction in compliance with City of Oneonta safety ordinances.

27. Municipal Fines Tenant shall be liable for all municipal fines imposed on the Landlord caused by the Tenant's acts or ommissions. If the Tenant fails to reimburse the Landlord for said fine, the Landlord may deduct the amount of the fine from the Security Deposit.

28.  Common Areas Tenant agrees that all damages to Common Areas of the building will be billed to all Tenants.

29.  Building Construction There may be no construction of any walls, bars, beds, lofts, etc.

30.  Utilities Tenant will be responsible for having power turned on and having the breakers off for the power company.

Tenant hereby acknowledges receipt of a copy of this Lease Agreement.  Tenant give permission to Landlord to send copies of all notices to Tenants home address and to the parents of the Tenants.