LEASE

This Agreement is made between the Drift Inn Cottage Owner, the LESSOR, and Your Name Here, of Anywhere, NY, the LESSEE.

1. Description of Property, Lease Term, and Occupancy.

Lessor agrees to lease to Lessee the property known as "Drift Inn Cottage", 698 Port Clyde Road, Port Clyde ME. The lease term shall begin at 4:00 pm on Saturday [insert date], and will end at 10:00 am on Saturday, [insert date]. The number of persons occupying the premises under this lease is [insert number not to exceed 6]. Should a group exceed the maximum number of people (as stated), they may be required to vacate the property without refund.

2. Keys.

Keys to the premises will be available at 4:00 pm the day the lease term begins (unless prior arrangements have been made) at [address to be supplied]. All rental and security deposit payments must be received by Lessor prior to turnover of keys. A $25 lost key charge will be deducted from Lessee's security deposit for each key not returned to Lessor on the final date of the lease period and/or cost of replacement locks if deemed necessary by Lessor.

3. Rent.

If lodging tax is not charged, Lessee represents and warrants that the rental period is for more than 28 consecutive days and that the leased premises are Lessee's primary residence or that the leased premises are occupied for either educational or employment related purposes.

Total rent for the period is [insert total @ $2000 per week].

The payment schedule shall be as follows: 50% to be received by Lessor at the signing of this lease by Lessee and within seven days of telephone reservation; balance to be received by Lessor at least thirty days prior to the start of lease term. In addition, a security deposit of $1,000.00 shall be deposited with Lessor at least thirty days prior to start of lease term. All checks should be made payable to Lessor, and mailed to [insert address].

Reservations made less than 30 days prior to arrival require full payment made via cashier check, certified check mailed overnight to Lessor or wire transferred funds.

4. Return of Security Deposit.

Within thirty days of the end of the lease term, Lessor shall return security deposit in full, or provide Lessee with written notice of any charges (such as telephone calls, lost key charges, late departure penalty fee, charges for lost or broken property or for other damage caused by and attributable to Lessee or Lesee's guests, and the cost of extraordinary cleaning at premises) and return the balance, if any, of the security deposit to Lessee.

5. Breach of Lease.

In the event Lessee defaults by failing to pay all payments required under paragraph #3, or permits occupancy by more than permitted number of persons, or violates obligations set forth in Lessee's obligations in paragraph #8, then Lessee shall forfeit all monies paid.

6. Cancellations. (All cancellations must be made in writing.)

In the event Lessee cancels prior to 30 days of occupancy and after a reservation deposit has been made, such deposit shall be forfeited unless the premises can be re-rented for the same time period and at the same rate by Lessor, then Lessee's deposit shall be returned minus a 25 percent cancellation fee. If cancellation is made within 30 days of occupancy, full rental monies will be forfeited.

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