Vol Park Lease Agreement Pursuant to T.C.A. 66-28-101 et seq.

, (TURLTA), this Lease Agreement, (Lease), is entered into this ____day of ____________ , 20 _____ , between Oliver North Properties, Inc., (Landlord), XXXX Cumberland Drive, New York, New York, 90020 and______________ (Tenant) for the premises located at 7500 Vol Park Drive, Knoxville, Tennessee 37900 unit_______ (Apartment). ______________________________________________________________________________ I. Term of Lease a. Period. This Lease begins on___ day of __________ , 20 _____ . and expires after one year on the __ day of _________ , 20 _____ . b. Holdover. Tenant must give Landlord at least 30 days written notice if Tenant intends to move out at the expiration of the lease. If Tenant does not provide 30 days written notice, month-to-month tenancy will begin and Tenant must continue to pay rent. Tenant must provide at least 30 days written notice to terminate the month-to-month tenancy. c. Renewal of Lease: Contingent upon an inspection of the Apartment and a review of Tenants rental payment history, Tenant may elect to extend this Lease for a year by providing the Landlord written notice at least thirty (30) days, but not more than sixty (60) days, prior to the expiration of this Lease. An inspection of the Apartment as well as a review of Tenants rental payment history will take place within five (5) business days of the receipt of written notice of Tenants intent to extend this Lease. II. Rent a. Tenant will pay rent, (Rent), in the amount designated below: (check one) _____$500 per month for a two bedroom unit _____$600 per month for a three bedroom unit b. Rent is due the first day of each month, (Payment Date). c. Checks are the only form accepted for Rent. d. Rent shall be delivered or mailed to the office at: 7500 Vol Park Drive Knoxville, TN 37900, Office. e. There is a five-day grace period between the day the Rent was due and the day a fee for the late payment of Rent may be charged. If the last day of the five-day grace period occurs on a Saturday, Sunday or legal holiday, as defined in TURLTA 15-1101, Rent may be made the next business day. i. The late payment charge for a two bedroom unit is $50. ii. The late payment charge for a three bedroom unit is $60.

f. Tenant Failure to Pay Rent. Pursuant to TURLTA 66-28-505(b), if Tenant does not pay rent within twenty (20) days after rent is due, the Landlord does not have to provide notice to the Tenant. The Tenant has waived his/her right to notice by signing this Lease, therefore the Landlord may proceed to file a detainer warrant immediately upon the breach of the agreement for failure to pay rent. III. Services. a. The Rent in Section II of the Lease includes the following services and facilities: Washer & Dryer (coin operated),Cable TV Hook-up Apparatus,Parking, Snow Removal for Parking Lot & Walkways, Landscaping Services. b. The following are the responsibility of the Tenant: water, electricity, cable, and internet IV. Abandonment. Pursuant to TURTLA 66-28-405: a. If the Tenant is absent without explanation for thirty days or more without payment of rent, then the Landlord will take possession of the Apartment. At that time the Landlord will also remove all property and store it for 30 days. The Tenant may reclaim the property within that 30 days. If the Tenant does not reclaim the property, Landlord may sell or dispose of it. b. If the Tenant is 15 or more days late on rent and Landlord believes Tenant is no longer living at the Apartment, then the Landlord shall post notice at the Apartment and mail notice to the Apartment. The notice shall explain that: 1. The Landlord believes the Tenant has vacated the Apartment. 2. The Landlord intends to take possession of the Apartment, unless the tenant contacts the landlord within 10 days of the posting and mailing of the notice. 3. If the Tenant does not contact the Landlord within 10 days of posting the notice, the Landlord intends to remove all property from the Apartment and rerent the Apartment. 4. If the Tenant does not claim the property removed from the Apartment within 30 days of their removal, the Landlord intends to dispose of the possessions. V. Assignments and Subletting. Assignments and subleases are expressly prohibited without written consent by the Landlord. If Tenant wishes to assign Lease or sublet the Apartment, a separate agreement is available at the Office. Access. Landlord shall have access to the Apartment for all purposes permitted by Tennessee law with reasonable notice, except in the case of an emergency, where no notice shall be required. If the Tenant requests Landlord to perform service on the Apartment, such request for service shall be deemed permission for Landlord to enter the Apartment for the requested service. Guests. Although Tenant may have visitors, it is understood that occupancy of the Apartment is expressly reserved for Tenant and Occupants. The occupancy of the Apartment by a guest in excess of a fourteen (14) day period shall be deemed a breach of this Lease, and the Landlord shall be entitled to recover from the Tenant an amount of rent equal to that being paid by Tenant, in addition to the right of Landlord to declare the Lease in default and pursue any of Landlords other remedies hereunder or by law.
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VI.

VII.

VIII. Security Deposit. a. The Tenant has deposited with Landlord the sum of $___________ as a security deposit for the faithful performance of the conditions stipulated in this Lease and Tennessee law. The Tenant agrees the deposit is not an advance payment of rent and does not relieve the obligation to pay rent, including for the last month of occupancy. The Landlord, at the expiration of this Lease or hold-over tenancy, may apply the security deposit for past due rent, fees, utilities, re-keying of the Apartment, replacement of keys, replacement of appliances or mechanicals, removing Tenants discarded items, and/or for the cost of repairing damages beyond reasonable wear and tear to the Apartment caused by the Tenant, Occupants, guests, family or invitees.

b. Return of Security Deposit. The Tenant agrees to provide the Landlord, in writing, a forwarding address upon vacating the Apartment. The Landlord agrees to return to the Tenant the security deposit, or whatever part has not been applied in payment of any tenant obligations under this Lease, within thirty (30) days after the expiration of this Lease and delivery of possession of the Apartment to the Landlord, whichever is last to occur. Any deductions from the security deposit shall be itemized and identified in writing by the Landlord during this same time period. This provision does not waive the rights of Landlord to seek damages in excess of the security deposit. The Tenant agrees to reimburse the Landlord for any rent, fees, utilities due and/or damages exceeding the security deposit. IX. Maintenance by Landlord. The landlord shall:

1. Comply with requirements of applicable building and housing codes materially affecting health and safety; 2. Make all repairs and do whatever is necessary to put and keep the premises in a fit and habitable condition; 3. Keep all common areas of the premises in a clean and safe condition; and VIV. Tenant Obligations.

The Tenant shall: Quiet Enjoyment. Landlord will charge double rent for one month for any Tenant who causes repeated disruption for other Tenants. Repeated disruption includes, but is not limited to, the listed events occurring more than once: 1. Police are called to the Apartment for any reason. 2. Other Tenants complain to Management about noise, smell, or any other disturbance.

Keep the Apartment as clean and safe as Apartment was when Tenant took possession; Not deliberately or negligently destroy, deface, damage, impair or remove any part of the premises or permit any person to do so; and shall not engage in any illegal conduct on the premises; and
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Act and require other persons on the premises, with the tenant's or other occupants' consent, to act in a manner that will not disturb the neighbors' peaceful enjoyment of the premises.

By signing this Lease, I ______________________, agree to the terms of the Lease and certify that _______________ and ____________ are the Occupants of record. _________________This__day of _________, 20__. (Signature of Tenant) ___________________ This__day of _________, 20__. (Signature of Landlord)