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Agreement To Execute Lease & Deposit Receipt
The Landlord, [Name] Realty and [Name] Neighbor, the Tenant agree:
In consideration of a deposit of $------ which shall be credited toward the first month's rent under a certain lease described below, and receipt of which is hereby acknowledged, the parties mutually agree as follows:
The parties shall make, sign, execute and deliver a certain lease for the subject premises which is more particularly described as:
The execution and delivery of the lease shall take place on:
The Landlord shall prepare the lease, which shall contain the usual and customary clauses within the community.
In the event of the Tenant's failure to execute the lease, the parties agree that the exact amount of damages to be suffered by the Landlord are difficult to fix, and that upon a breach by the Tenant, the Landlord shall be entitled to the deposit made as liquidated damages, and not as a penalty.
*** If Required By State Law ***
This Section for Notary:
State of _________
County of ________ [COUNTY]
On [DATE] before me, [NAME OF NOTARY], notary, personally appeared [NAME OF PERSON(S) INVOLVED], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
Witness my hand and official seal.
My commission expires: _____