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Complete Home and Office Legal Guide (Chestnut) (1993).ISO
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1993-08-01
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AGREEMENT TO EXECUTE LEASE
AND DEPOSIT RECEIPT
Dated: 12/1/94
The LANDLORD, Fealty Realty and Nancy Neighbor, the TENANT agree:
In consideration of a deposit of $ 200.00 ( two hundred & no/100
dollars) 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:
Unit A, Castle Apartments
The execution and delivery of the lease shall take place on:
1/1/95
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.
__________________________________
For LANDLORD
_________________________________
For TENANT