Lease Addendum For Construction and Renovations

This Lease Addendum for Construction and Renovations (hereinafter "Addendum") is hereby entered into, on the date first identified below, by and between (hereinafter "Owner") and (hereinafter "Resident"), the leaseholder for the Unit known at the residential rental community known as . Where the terms or conditions found in this Addendum vary or contradict any terms or conditions found in the Lease Contract, this Addendum shall control.

1. 1. PURPOSE OF ADDENDUM. By signing this Addendum, Resident acknowledges that existing, on-going, or future construction and/or renovation activities on the property may affect your use, view, and enjoyment of such property.
2. 2. RESIDENT ACKNOWLEDGMENT OF CONSTRUCTION ON PROPERTY. Resident acknowledges that the property, including its common areas and apartments, may currently or in the future, be under repair, renovation, improvement, or construction. Owner does not guarantee that the repair, renovation, improvement, or construction will be completed on a set date or time and therefore, is not under any obligation to have said repair, renovation, improvement, or construction completed by a set date or time. Resident also acknowledges that the repair, renovation, improvement, or construction does not represent a breach of Owner's obligations under the Lease Contract.
3. 3. USE OF AMENITIES AND SERVICES. Repair, renovation, improvement, or construction at the community may create conditions where Resident's use of the community's amenities and services may be limited or not available. The Parties agree that, to the extent any amenities are not available, their lack of use or availability foes not constitute a breach of the Lease or otherwise entitle Resident to any compensation or reduction in the monthly rental amount. Furthermore, Resident agrees to hold Landlord harmless for any and all claims arising from or relating to the construction process, including, but not limited to, the service interruptions, amenities, closure or lack of delivery and availability, and/or other construction-related inconveniences.
4. 4. NOISE AND OTHER DISTURBANCES. Repair, renovation, improvement, or construction at or near the property may create noise or other disturbances, and the property itself, or portions thereof, may be unfinished for some time with respect to landscaping, building exteriors, interiors, amenities, walkways, lighting and the like. Resident acknowledges that these conditions may create inconveniences that may be beyond the control of the Owner. Resident agrees that despite these inconveniences, the obligations of the Resident, including payment of rent, as set forth in the Lease Contract will still be in effect.
5. 5.

   DELAY OF OCCUPANCY. At the time Resident executes his/her/their lease agreement with Management, it is expected that the apartment home selected by Resident will be available on the date Resident is scheduled to move into the residential rental community. Unforeseen circumstances, however, may cause delays in the availability of the dwelling unit.

   Due to the possibility of construction delays, Owner cannot guarantee delivery of the leased premises on the date specified in the Rental Reservation Agreement. owner will make every effort to permit the Resident(s) to occupy the leased premises on the date specified. However, should the actual commencement of the occupancy of the apartment be delayed because of construction, Owner will not be liable to Resident(s) due to such delay and the Rental Reservation Agreement will remain in full force and effect subject to the following conditions:

   1. 1. Rent will be abated daily during the delay in construction; or
   2. 2. Resident(s) transfers to a different apartment that is available to meet their move in date; or
   3. 3. Owner, at its sole discretion, may deem the construction delay sufficient to warrant the termination of the rental agreement In such an event, Owner will notify Resident of the termination of the agreement and refund to Resident the holding deposit paid by resident. Any application fees paid will not be refunded.

1. 6. DISPLACEMENT. In accordance with applicable state law or local ordinance, in the event Resident must be displaced from the apartment that is the subject of the Lease Contract due to repair, renovation, improvement, or construction in or around the apartment, Owner, at Owner's sole option, shall transfer Resident to another apartment within the apartment community that is not affected by the repair, renovation, improvement, or construction, or shall provide appropriate comparable accommodations for Resident. If no apartment is available in the apartment community for Resident's transfer, and Resident's continued occupancy of the leased apartment during the repair, renovation, improvement, or construction is either unlawful, or poses too great a risk to the health, safety, and/or welfare of the Resident, Owner has the right to terminate the Lease Contract. However, in the event of Resident's displacement and subsequent re-location, the terms of the Lease Contract including but not limited to the payment of rent shall remain in full force and effect.
2. 7. SEVERABILITY. If any provision of this Lease Contract is invalid or unenforceable under applicable law, such provision shall be ineffective to the extent of such invalidity or unenforceability only without invalidating or otherwise affecting the remainder of this Lease Contract. The court shall interpret the lease contract and provisions herein in a manner such as to uphold the valid portions of this Lease Contract while preserving the intent of the parties.

ACCEPTANCE

BY SIGNING BELOW, all Parties agree to be bound by this Addendum and caused this Addendum to be executed on the date indicated and written below.