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Agreement To Execute Lease
(& Deposit Receipt)
AGREEMENT made on [Date] by and between [Name] of [Address], hereinafter referred to as the Landlord, and [Name] of [Address], hereinafter referred to as Tenant, the parties mutually agree as follows:
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 shall make, sign, execute and deliver a certain lease for the subject premises which is more particularly described as: [Enumerate].
The execution and delivery of the lease shall take place on: [Date].
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.
Further Assurances. In connection with this Agreement and the transactions contemplated hereby, each party to this Agreement will execute and deliver any additional documents and perform any additional acts that may be necessary or appropriate to effectuate and perform its obligations under this Agreement and the transactions contemplated hereby.
Entire Agreement. This Agreement contains the entire agreement of the parties and there are no other promises or conditions in any other agreement whether oral or written. This Agreement supersedes any prior written or oral agreements between the parties.
No Assignment. Neither this agreement nor any right or interest thereunder shall be assigned in any respect whatsoever.
Exclusion of Oral Statements. This instrument contains all of the agreements of the parties. No oral or other statements shall be binding on either of the parties hereto.
Applicable Law. This Agreement shall be governed by the laws of the State of [State].
IN WITNESS WHEREOF, the parties have executed this agreement the day and year as first above written at [City], [State].
This Section for Notary:
STATE OF -------)
) ss: [date]
COUNTY OF ------)
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.
[Name of Notary Public]
My commission expires: [date]