590 Drag Strip Road
Benson, NC
Randy and Judy Lucas
 Proprietors
309 W. Main St.
Benson, NC 27504

L E A S E

It is hereby agreed that Randy and Judy Lucas hereafter called LANDLORD, does hereby let and lease to (ALL PARTIES LISTED ON LAST PAGE), hereafter called TENANT, the following premises: "The building known as 590 Drag Strip Road located at Benson, NC " for a term beginning ______________________ and ending ___________________________. Said premises to be used for specified businesses purposes only.

Please specify the business activities:
_______________________________________________________________________

TENANT AGREES AS FOLLOWS

  1. Pay to the LANDLORD as rent (______________) per MONTH. 100% (______________) must be paid on or before the signing date of this agreement.
    Includes all space behind the residential area on the ground floor, excluding the 50x50 area between the high ceiling area and the residential area.
  2. Pay to the LANDLORD a refundable security deposit of $___________.
  3. Only the specified businesses will be conducted on the premises, TENANT understands that should more business activities be conducted, the LANDLORD will charge an additional $___________ for each business per month.
  4. NO DOGS, CATS or OTHER PETS will be kept inside the building without the written consent of the LANDLORD. A $___________ fine will be paid per pet, per month, should this clause be violated.
  5. The premises have been examined by the TENANT and have been received in good condition and TENANT further agrees to maintain the premises in the same condition as when received and will not allow any waste, misuse or neglect. Should waste, misuse or neglect occur on the leased premises, the responsibility therefore shall be that of the TENANT unless damage occurs through the fault of the LANDLORD. Fault shall be determined by the LANDLORD.
  6. LANDLORD or his agents shall have the right with proper notice, to enter premises at reasonable times to examine or repair the same, or to show to prospective renters.
  7. Alterations shall not be made to the premises (without checking with the LANDLORD), nor locks be installed anywhere.
  8. That when the premises are vacated or abandoned and personal property is left in or near the premises, then such property shall be deemed abandoned by TENANT.
  9. That the premises will be kept in a clean and healthy manner and no junk or garbage will accumulate in or near the premises.
  10. That no laws, statutes or ordinances of a jurisdictional governmental unit will be violated on the premises.
  11. That regarding "INSUFFICIENT FUNDS OR CLOSED ACCOUNT CHECKS", any checks that TENANT delivers to LANDLORD will not be returned to LANDLORD for ANY reason.
    TENANT agrees that any violation of this section subjects the maker of such check to a $__________ FEE FOR EACH CHECK RETURNED.
  12. Rent is due each month on the same day of the month beginning ___________________________.
    A LATE FEE OF $________ PER WEEK WILL BE DUE FOR EACH LATE PAYMENT.
  13. That should any repairs be necessary, the LANDLORD will be notified as soon as possible.
  14. That should LANDLORD incur any expense in enforcing the terms of this Lease, TENANT shall reimburse LANDLORD 100% for such expenses.
  15. TENANT is responsible for all utilities including power, gas, water and telephone.
  16. TENANT is responsible for carrying personal property insurance to cover personal belongings.
  17. TENANT assumes responsibility to protect the LANDLORD from all claims from all persons arising from the use of this property including the reimbursement to LANDLORD of all legal fees incurred in defending such claims including attorney fees.
  18. Sub-letting or re-assignment of this propertly is allowed upon comsent of the LANDLORD .
  19. Any violation of the stipulations of this agreement may be considered by the LANDLORD to be a material breach of this agreement in which case the LANDLORD may, upon written notice, terminate this agreement and take possession of the premises.
  20. Should the TENANT terminate the lease prior to the end of the of first year of lease, the LANDLORD reserves the right to retain the deposit.

LANDLORD AGREES AS FOLLOWS

  1. That upon payment of the rents due by TENANT and TENANT`S performance of his obligations under this Lease, TENANT shall have use of the premises during the term of the Lease.
  2. In the event of a happening which makes the above described premises untenable, the LANDLORD shall have the option to declare this Lease void; or LANDLORD may repair the premises and the obligation of the Lease shall continue to be binding upon the TENANT from the date of completion or rehabilitation.
  3. No insurance on Tenant's possessions are provided.
  4. Landlord shall pay all property and ad valorem taxes assessed on the building4 and land.

IT IS MUTUALLY AGREED AS FOLLOWS

  1. TENANT shall be responsible for Neatness of the surrounding area of the leased premises.
  2. VENUE FOR LITIGATION OF THIS LEASE WILL BE JOHNSTON COUNTY NORTH CAROLINA.
  3. It is understood by all parties hereto that additional pages of rules, regulations, and provisions attached hereto, read and signed by all parties shall be a part of this agreement.
  4. It is understood and agreed that both parties have read, understood, and agreed to all of the foregoing and that they agree that any infraction of the above provisions shall constitute a breach of this agreement and provide grounds for immediate eviction and forfeiture of all moneys paid, including deposit.
  5. Furnishings, appliances, accessories, and any other items provided with the " 590 Drag Strip Road" are not to be removed from the premises or loaned at any time.
  6. Other agreements are as follows:

SECURITY DEPOSIT

TENANT agrees that the security deposit may be used by the LANDLORD for additional cleaning/repairing beyond that performed by the TENANT as required. This requirement is at the sole discretion of the LANDLORD and/or PROPERTY MANAGER.

LEASE AGREEMENT

NOTICE: NC Law Establishes Rights and Obligations for Parties to Rental Agreements. This Agreement is required to comply with the Truth In Renting Act. If you have a question about the legality of any provision of this Agreement, you may want to seek assistance from a lawyer or other qualified person.

This Agreement and Lease made this _______ day of ____________ 20____



LANDLORD X_________________________________

Randy and/or Judy Lucas
Proprietor(s)
590 Drag Strip Road



TENANT X____________________________________


(Please print)

Name: ___________________________________________________________


Phone: (_______) ________________

Address: __________________________________________________________

City: _____________________________ State: ________Zip: ____________ 

                             Background                                                       

Name:___________________________________________________________
                 
Present Address:________________________________________________

How Long?:________________

Previous Address:____________________________ How Long?_________

Married?:__________ Spouse's Name: _____________________________

Children?:_________ How Many?:________ Ages?:___________________

Pets?:_________ What kind?:__________________ How Many?_________


                         YOUR EMPLOYMENT

Employer:_______________________________________________________

Employer's Address:_____________________________________________
                            
Supervisor:__________________________ Bus. Phone:_______________

How Long On Present Job?_____________ Annual Income:____________


                       SPOUSE'S EMPLOYMENT
Employer:_______________________________________________________

Employer's Address:_____________________________________________
                            
Supervisor:__________________________ Bus. Phone:_______________

How Long On Present Job?_____________ Annual Income:____________


                           REFERENCES

Bank:__________________________________ Phone:__________________

Personal Reference:____________________ Phone:__________________

Credit Reference:______________________ Phone:__________________
 
Credit Reference:______________________ Phone:__________________

     The Landlord is authorized to use the information provided
herein to conduct any and all investigations as deemed prudent
by the Landlord.