--- type: lease agreement category: residential lease person: Yanxin Lu, Xuewei Jiang date: 2020-11-17 source: lease.jpg --- # Fixed Term Residential Lease Agreement **Property Management:** The Adler Apartments **Document Title:** FIXED TERM RESIDENTIAL LEASE AGREEMENT This Fixed Term Residential Lease Agreement ("Lease") is entered into this **17th** day of **November, 2020**, by and between **ISSE RWS 11950 Idaho LLC** ("Landlord") dba, **The Adler Apartments** and **Yanxin Lu and Xuewei Jiang** (collectively, "Tenant(s)") to rent the premises located at **11950 Idaho Avenue #113, Los Angeles, CA, 90025**, including all appliances and furniture furnished therewith (collectively, the "Premises"). ## 1. TERM The term of this Lease is for a period of **1 year** commencing on **November 21, 2020** (the "Commencement Date") and thereafter expiring on **November 20, 2021** (the "Expiration Date"). Renewal of the Term shall be as described in Paragraph 40 herein. ## 2. RENT Tenant(s) shall pay monthly "Base Rent" of **$3,280.00** plus a Code Enforcement surcharge of **$3.61** pursuant to the Los Angeles Housing Department Code Fee Addendum attached hereto for a total monthly payment of **$3,283.61** to The Adler Apartments on the 1st day of each month. (Should the rent term commence on a day other than the 1st, then Tenant(s) shall pay first month's Rent prior to move-in, and Tenant(s) shall pay a prorated amount of **$-649.47** for the second month's rent on the 1st day of second month). Rent payments shall be made by the following method(s): **Certified Funds or Checks and delivered to, The Adler Apartments 11960 Idaho Avenue, Los Angeles, CA, 90025, (310) 826-3100, Mon. - Sun. 9am-5pm.** All additional fees, charges and other sums Tenant(s) shall pay Landlord under this Lease are "Additional Rent" (Base Rent and Additional Rent are referred to as "Rent"). Additional rent includes, but is not limited to: pet rent, utility charges, returned check fees and late fees. Pursuant to Cal Civil Code 1479, Landlord may, without notice to Tenant(s), apply any payments that Landlord receives from Tenant(s) to any outstanding charges (whether Rent, late fees, damage or repair charges, returned check fees, utility charges, or other Additional Rent); if the payment Tenant(s) makes does not cover the total charges outstanding, then Tenant(s) will immediately pay the difference, plus any late fees. *"AS REQUIRED BY LAW, YOU ARE HEREBY NOTIFIED THAT A NEGATIVE CREDIT REPORT REFLECTING ON YOUR CREDIT RECORD MAY BE SUBMITTED TO A CREDIT REPORTING AGENCY IF YOU FAIL TO FULFILL THE TERMS OF YOUR CREDIT OBLIGATIONS." California Civil Code 1785.26(c)(2).* ## 3. LATE CHARGE Tenant(s) acknowledges that Landlord will incur certain administrative costs in connection with late rental payment, and that the amount of such administrative costs would be difficult or impracticable to ascertain. Tenant agrees that the following Late Charge is a reasonable estimate of the actual damages that Landlord would incur as a result of a late payment. If Tenant(s) fail to pay Tenant(s)'s entire outstanding rent balance in full by the close of business on the 3rd day of the month, Tenant(s) shall pay a Late Charge of 5% of the Rent as an Additional Rent. If Landlord elects to accept Rent after the Late Charge is incurred, payment in a form other than by personal check may be required. Notwithstanding the Late Charge provision, payment of Rent in full on the 1st day of each month is of the essence and failure to pay by the 1st shall subject Tenant(s) to immediate service of a three-day notice to pay or quit. In the event Tenant(s)'s check is dishonored by the bank, Tenant(s) shall pay a returned check charge of **$25.00** for the first returned check and **$35.00** for any subsequent returned check as additional Rent. A Late Charge will be imposed if the returned check causes the Rent to be late. Landlord may require future payments to be in a form other than a personal check in the event of a returned check. ## 4. SECURITY DEPOSIT Tenant(s) shall deposit with Landlord a Security Deposit of **$1,000.00** as security for performance of the Lease (Total of all deposits not to exceed two (2) months' Rent for an unfurnished or three (3) months' Rent for a furnished unit). At no time shall any portion of this deposit be considered as an advance payment of rent (including last month's rent) nor shall Tenant have the right to use or receive any refund of the Security Deposit prior to the Premises being completely vacated by all Tenant(s). Notwithstanding the foregoing, Landlord shall have the right in its sole and absolute discretion to apply any portion of the security deposit at any time during the Term to any unpaid rent or any costs of repair or restoration due to Tenant's breach of this Lease. Within 10 days following written notice that Landlord has applied any portion of the Security Deposit, Tenant shall be obligated to restore the Security Deposit to its full original balances as required by this Lease. After the Premises are completely vacant, Landlord shall furnish Tenant(s) with an itemized written statement of the basis for, and the amount of, any security withheld and shall return any remaining portion of such security to Tenant(s) within twenty-one (21) days pursuant to California Civil Code ยง1950.5. The parties incorporate herein by reference the attached Security Deposit Refund and Move-Out Instructions Addendum as well as the Unit Inspection Report that the parties completed and executed prior to move-in documenting the condition of the Premises and inventory of furnishings. Tenant(s) will provide Landlord a written list of any items that Tenant(s) discovers are not in clean or operable condition within 3 days after Commencement Date. If the Premises are covered by the Los Angeles City Rent Stabilization Ordinance, Landlord shall annually credit Tenant(s) with interest on all security deposits held for at least one (1) year for Tenant(s). ## 5. UTILITIES Tenant(s) shall pay for all utilities, services and charges applicable to the Premises. If utilities are separately metered, Tenant(s) shall place utilities in Tenant(s)' name as of the Commencement Date. If any utilities are not separately *(text cut off)* --- **Page 1 of document** **Tenant(s) Initials:** *(signed)* **Date:** November 17, 2020 *Note: Only page 1 of the lease is visible in the source image. The document continues beyond what is shown.*