NOTICE

This LEASEAGREEMENT isaLEGALLY BINDING CONTRACT.Upon completionand signature,

youwillbecomeobligatedtomakeallpaymentsassetforthherein.Failuretocomplywiththe

Agreementmay resultincollection proceedings,legal action,and/or thelossof fraternity privilegesand

membership. DO NOT SIGN UNTILYOU READ THE AGREEMENTAND UNDERSTAND THE

TERMS THEREIN.

of

(Street)

hereinafter called “Tenant” and

(CityState Zip Code)

Legal Name of Alumni and Volunteer Corporation of

, hereinafter called “Landlord.”

(Address of House)

W I T N E S S E T H:

Thatfor and in consideration ofthemutual promises, covenants and conditions hereinafter set

forth, Landlord and Tenant agree as follows:

2.Term.Thetermofthisleasebeginson_______________,20__,andterminateson

_____________, 20__, unless sooner terminated as hereinafter provided. Theterm of this lease does not

include the periods of time between academic semesters of the _____________________________.

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Landlord shall assign Tenant to a roomin the Fraternity House at the beginningof the term of thislease;

setoff, in installments as follows:

TimeofrentpaymentisoftheessenceandTenantshallpayalatechargeof$____________ifany

day following the due date.Interest shall accrue at the annual rate of 12% on delinquent sums.

anypersonalpropertyforanyreasonablepurpose.Itisfurtheragreedthatanylockingdevicesor

5.Default. In the event the Tenant is in default under this lease, Landlord shall have the right

hereunder for more than five (5) days after the date such payment is due;

B.Maintaining a nuisance within the premises;

C.Disorderly or illegal behavior on the part of Tenant or Tenant’s guests;

D.Keepingany handguns,firearmsorweaponsof anytype,orany explosive,inflammable,

or any extra hazardous substances, or any article or thing of a dangerous nature on the premises.

E.Inability or refusal on the part of Tenant to adjust to the concept and requirements of living

in a student residence environment;

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G.Violation of any of the covenants or conditions of this lease.

H.Violationof anychapterbylaws and/or Bylaws andAdminis trativePoliciesand

I.LossofTenant’sstatusasanundergraduatememberorpledgeofSigmaPhiEpsilonas

prescribed in the Fraternity’s Bylaws and Administrative Policies and Procedures.

J.Violation of the Fraternity’s “Statement on Chapter & Individual Responsibility.”

6.LiabilityandIndemnity.TheLandlordshallnotbeliableforinjury,lossordamageto

person or property occurring within the premises or property. Tenant assumes all risk of loss or damage of

Tenant’s property within the property which may be caused by water leakage,fire, windstorm, explosion,

or other cause, or by the act or omission of any other tenant in the property. Tenant agrees to and hereby

Landlordbyanypersonorpersonsforlossofordamagetopropertyorinjurytopersonsbasedupon

allegedacts,omissions,ornegligenceofTenant,hisagentsorguests,inorinconnectionwiththeuse

7.Damage or Destruction of Premises. If, in the option of Landlord, the premises or property

casualty, Landlord shall have the right to terminatethis lease, or move Tenant to similar accommodations

withinthepropertyandrepairandrestorethepremisesorproperty.Intheeventofsuchdamageor

9.ConditionofPremises.PriortooccupancyTenantwillexaminethepremises,including

thefurnishings,andTenantagreesthatupontheexpirationorterminationofthisleaseTenantwill

peacefully surrenderpossessionofthepremisesandthe furnishingstoLandlordin asgoodconditionas

they are at the beginning of the term of this lease, normal wear and tear excepted. Tenant further agrees to

andsuffernowastetobecommittedinthepremises,andtomakenochangesoralterationstothe

premiseswithout the prior written consent of the Landlord. Tenant further agrees to pay Landlord for all

misuse,neglect,carelessness,misconduct,orfaultofTenantorTenant’sguests.Ifanypartofthe

commonareasofthehouseisdamagedfrommisuse,neglect,carelessness,ormisconduct,thecostof

party cannot be ascertained by the Landlord and if in the reasonable control of such tenants.

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11.Right of Refusal. UntilLandlord has executed this lease, Landlord shallhave the right to

on Tenant’s race, religion, or national origin. In the event of a refusal, Landlord shall refund to Tenant, if

12.Attorney’sFees.TenantagreestopayLandlord’sattorney’sfeesandcourtcostsinany

action relating to this lease in which Landlord prevails.

13.RightofReentry.IfLandlord’srightofreentryisexercisedfollowingaten(10)day

abandonment of the premises by Tenant without notice, or default and failure to cure, then Landlord may

consider any personal property belonging to Tenant and left on the premises to also have been abandoned.

LandlordmaythendisposeofallsuchpersonalpropertyinanymannerLandlorddeemsproperandis

hereby relieved of all liability for doing so.

Tenant:

Date:

Date:

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AGREEMENT OF PERSONAL GUARANTY

DATED , 20___ BETWEEN

Theundersigned“Guarantor,”inconsiderationofthemakingoftheforegoingLeaseAgreement

betweenTenantandLandlord,doesherebyunconditionallyguaranteethepaymentoftherentbythe

TenantandtheperformancebyTenantofallthefinancialdutiesandobligationsundertheLease

Agreement.

Itisrecognizedandagreedthatthis AgreementofGuarantybyGuarantorisasubstantialpartofthe

consideration for the signing of the Lease Agreement by Landlord and that the Lease Agreement would

nothavebeensignedbyLandlordwithouttheagreementofGuarantortosignthisGuaranty

GuarantoralsoagreesthatLandlordisnotfirstrequiredtoenforceagainst Tenantorany otherperson

enforceanyliability,obligationordutyguaranteed by thisAgreementwithoutthenecessity ofjoining

ItisexpresslyagreedandunderstoodthatGuarantoradditionallyandunconditionallyguaranteesthe

Name:

ADDRESS:

PHONE NUMBER:

SOCIAL SECURITY NUMBER:

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