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This .Residential Lease Agreement (hereinafter "Lense") is .entered into this the 10th day of January, 2011, by and between the
Lessor: Fan Financjal Adzona LLC, (hereinafter referred to as "Landlord'~). and the Lessee(s): Juan Matancillas. All Lessees
(hereinafter referred to collectively as "Tenanc"), are jointly, severally and in.divid~ally bound by, and liable under, the terms
and conditions of this Lease.
For the valuable considen!.tiou described below, the sufficiency of which is hereby acknowledged, Landlord and Tenant do
hereby covenant, contract and agree as follows:
1. GRANT O.F LEASE: Ltlndlord does hereby lease unto agreement, or as provided in Arizona law, Including the
Tenant, and Tenant does hereby rent from Landlord, solely amount of damages which the landlord has suffered by
for use as a personal residence, excludin~ all other uses, the reason of the tenant's noncompliance with Arizona Code
personal residence located in Maric<J!W County, Arizona, 331341. Within fourteen (14) days, excluding Saturdays,
with address of: Sundays or other legal holidays, after tennination of the
5943 W Britton Ave, Phoenix, AZ 85033. Lease Agreement and delivery of possession, and demand by
Jncludlng the following items of personal property: the Tenant, the J~andlord shall provide the Tenant an
~sher. Dryer, Dish Washer. Range itemized list of all deductions together with the amounl due
and payable to the 'fenanl, if imy. Unless other arrangements
2. NATURE OF OCCUPANCY: As a special are made in writing by the Tenant, the Landlord shall mail,
consideration and inducement for the granting of this Lease by regular mail, to the tenant's last known place of residence
by the Landlord to the Tenant, the personal residence
described above shall be used and occupied only by the S. RENT PAYMENTS: Tenant 8f9'ees t() pay rent unto
members of the Tenant's family or others whose names and the Landlord during the tenn of this Lease in equal monthly
ages are set forth below: lnstalhncnts of $,700.00, plus applicable sales taxes, which
1_uan Matancillas. Sandra Matancillas. arc currently 1.8% ~ 12.60, totaling $712.60 for each month
beiTJg due and payable on or before the Jsr day of the month,
the first full rent payment under this Lease being due on the
3. TERM OF LEASE! This Lease shall commence Oll l sl day ofFebnuuy, 2()11.
the 1st day of Febntary, 2011, and extend until its expiration
on the lst day of January 31st, 2012, unless renewed or Tenant agrees that if rent.is not paid in full on or.before the
extended pursuant to the tenns herein. 5th day of the month, Tenant will pay a late charge of $50.00
as allowed by applicable Arizona lnw.
4. SECURITY DEPOSIT: The tt:nant has deposited the
sum of $950.00 to be held by Landlord as a security deposit Tenant ~ccs that :rent shall be paid in lawful money of the
for reasonable cleaning of, and repair of damages to, the United States by (indicate those that apply):
premises 1,1pon the expiration or tennination of this Lease, or [ X] cash, [ X] personal check, [ X ) money order, [ X)
other reasonable damages resulting from a default by Tenant. cashier's check, (X) other: Deposit inlo Hank of America
$4~0.00 of the deposit will be non refttndablc and used for
account #4 850-0309-286~ . Any dishonored check shall
premises cleaning after tenant depa.riure. Tenar.i shall be
bo tre<1ted as Ullpl'lid rent and be subjccl to the ~amc \ale
liable to Landlord for all damages to the leased premises
upon the tennination of this Lea~c, ordinary wear and tear charges as noted above, plus a $~0 . 00 special handling fee
and must be ml1de good in cash, rnoney order or certified
excepted. Tenant is not entitled to interest on the sec\lrity
deposit Tenant may not apply the security deposit to any check wilhin 24 hours of notification.
rent due under this Lease. If Landlord sells or assigns the
leased premises, Landlord shall have the right to transfer Rent payments shall be made payable to Fan Financial
Tenant's security deposit to rhe new owner or assignee 10 Arizona LLC and mailed or delivered lo the rollowing
hold \lllder lhis Lease, and upon so doing Landlord shall be address: PO Box 25430 Portland OR. 97298 . All notices
released from all liability to Tenant for return of said security from renanl to Landlord under this Lease and applicable
deposit. Arizona law shall be ctelivered to the above address.
As per Arizona Code 33-1321 , upon tennination of the Tenant agrees tllat rent monies will nor be considered paid
Lease Agreement, Landlord may apply the security deposit until Landlord or Laodlord's ag~m receives the rent monies,
to the payment of all rent, and subject to a landlord's duty to -citi!er by maii or by del\very-to 'the above address. 'l'enant . . - -
mitigate, all chruges as specilied in the signed lease placing tent monies in the mail is not sufficient for rent to be
caused by any other source whatsoever, or by Acts of God, area. Upon obtaining actual knowledge of any illegal acts or
and Tenant is therefore strongly encouraged to independently omissions upon the leased premises, Tenant agrees to
purchase insurance to protect Tenant, Tenant's family, immediately inform Landlord and the appropriate authorities.
Tenant's invitees, licensees, and/or guesL~; and all personal Tenant shall bear responsibility for any and all illegal ac ts or
properly on the leased premises and/or in any common areas omissions upon the leased premises and shall be considered
from any ll.nd all damages. in breach of this Lease upon conviction of Tenant or any of
Tenant's family or invitees, licensees, and/or guests for any
14, CONDITION OF LEASED PREMISES: Tenant illegal act or omission upon the leased premises- whether
hereby acknowledges that Tenant ha...~ examined the leased known or unknown to Tenant.
premises prior to the signing of this Lease, or knowingly
waived said examination. Tenant acknowledges that Tenant 17. NOTICE OF INJURIES: In the event of any
has not relied on any representations made by Landlord or si~iflcant injury or damage to Tenant, Tencmt's family, or
Landlord's agents regarding the condition of the leased Tenant's invitees, licensees, and/or guests, or any personal
premises and that Tenant takes premises in its AS-IS property, suffered in the leased premises or in any common
condition wilh no express or implied warranties or area, written notice of same shall be provided by Tenant to
representations beyond those contained herein or required by Landlord at the address designated for delivery of notices
applicable Arizolll\ law. Tenant agrees not to damage the (identical to address for paymt~nl of rent) as soon as possible
premises through any act or omission, and to be responsible but not later than tive (5) days after said injury or damage.
for any damages sustained through the acts or omissions of Failure to provide such notice shilll constitute a breach of
Tenant, Tenant's family or Tenant's invitees, licensees, thi~ Lease.
and/or guests. lf ~uch damages are incurred, Tenant is
required to pay for any resulting repairs at the san1e time and 18. LANDLORD'S RlCHT TO MORTGAGE: Tenant
In addition to the next month's rent payment, with ngrees to accept the premises subje~.:l to and subordinate to
consequences for non-payment identical to those for non- any existing or future mortgage or other lien, and Landlord
payment of rent described herein. At the expirarion or reserves the ri~t to subject premises to same. Tenant agrees
termination of the Lease, Tenant shall renll'n the leased to and hereby irrevocably grants Landlord power of ~tttorney
pre!mises in as gooo condition as when taken by Tenant at the ft)r Tenant tbr the sole purpose of executing and delivering
commencement of the lease, with unly normal wear-and-tear in the name of the Tenant any document(s) related to the
excepted. Tenant shall have the right to remove from the Landlord's right to subject the premi~es co a mortgage or
premises Tenaut's fixtures placed thereon by Tenant at his other llen.
expense, provided, however, that Tenant in effecting
removal, shall restore the lensed premises to as good, safe, 19. DELAY IN REPAIRS: Tenant agrees that if any
sound, orderly and sightly condition as before the addition of repairs to be made by Landlord are delayed by reasons
Tenant's fixture. Failing this, Tenant shall be obligated to beyond Landlords control, there shall be no effect on the
pny for repairs a.~ stated above. obligation9 of Tenant under this Lease.
15. ALTERATIONS: Tenant shall make no alterations, 20. ABANDONMENT: Abando11ment shall be defined as
decorations, additions, or Improvements to the leased the absence of the Tenant from the leased premises for a
premises without first obtaining the express written consent period of seven (7) or more consecutive dayl: while rent or
of Landlord. Any ofthe above-described work shall become 1my owing monies remain unpaid- whereupon Tenant will be
parr of the dwelling. If carried out by independent considered in breach of this Lease. This defmition is
contractors, said contractors must be approved by Landlord. gubordiuate to, and shall not in <lily way impair, the rights
Temmt sh11IJ not contract for work to be done without first and remedies of Landlord under this Lease or applicable
placing monies sufficient to satisfY the contract price in an Arizona law, except that in case of abandorunent, l.itndlord
escrow account approved by Landlord. All work shniJ be or Landlord's agents may immediately or any time thereafter
done at such times and in such manner as Landlord may enter and re-take the leased premises as provided by
designate. If a construction or mechanic's lien is placed on applicable Arizona Jaw, and tenninatc this Lease without
the leased premises as a result of the work, such sh111l be notice to Tenant.
satisfied by Tenant witl1in ten (10) days thereaner at
Tenant's sole axpense. Tenant shall be considered in breach 21. NOTICE OF ABSENCE FROM PREMISES: If
of this Lease upon ('ailurc to satisfy said lien. Tenant is to be absent from the lensed premises for seven (7)
or more consecutive days, written notice of such should be
16. NO ILLEGAL USE: Tenant shall not perpetrate, allow served .LlpOll.Landl.ord.. If ~uch ab~cn_ces are !_o ge CUlO_!llary
or suffer any act.~ or omissions contrary to law or ordinance or frequent, the expected frequency and duration of absence
to be carried out upon the leased premises or in any common should be summarily noted here: PO Box 25430 Portland
23. DELAY OF POSSESSION: Tenant expressly agrees 30. H.EIRS AND ASSIGNS: It is agreed and understood
that if by reason of the premises being unready for that all covenants of thi~ lease shall succeed to and be
occupancy, or by reason of the previous tenant or occupant binding upou the respective heirs, executors, administrators,
of the dwelling holding over, or as a result of IUlY other cause successors and, except as provided herein, assign~ of the
whatsoever, Tenant is unable to enter ~nd occupy the parties hereto, but nothing contained herein shall be
premises, Landlord shall not be liable to Tenant in dama~es, construed so as to allow the Tenant to transfer or assign this
but shall abate the rent for the period in which the Tenant is lease in violation of any term hereof.
unable to occupy the premises.
3l. DESTRUCTJON OF PREMISES: ln the event the
MATERIALITY OF APPLICATION TO RENT:
24. leased premises shall be destroyed or rendered totally
All representations made by Tenant(s) on the Application to untenable by fire, windstorm, or any other cause beyond Lhc
Rent (or like-titled document) are material to the grant of this control of Landlvrd, then this Lease shall cease and
Lease, and the Lease is granted only on condition of the tenninate as of the date of such destruction, and the rent shall
truthfuln~s~ and accuracy of said representations. If a fuilure then be accounted for between Landlord and Tenant up to
to disclose or lack of truthfulness is discovered on said the time of such damage or destruction of said premises as if
Application, Landlord may deem Tenant to be in breach of being prorated as of that date. rn the event the leased
this Lease. premises are damaged by tire, windstorm or other cause
beyond the control of Landlord so as to render the same
2!5. MODIFICATION OF THIS Lf.;ASE~ Any partially untenable, but repairable within a reasonable time,
modification of this lease shall not be binding upon Landlord then this lease ~hall remain in force and elTect and the
unless in writing and signed by Landlord or Landlord's Landlord shall, within said rea:sonable time, restore sa!d
authorized agent. No oral representation shall be eiTective to premises to substantially the coudition the premises were in
modify this Lease. If, as per the terms of this paragraph, any prior to snld damage, and there shall be an abatement in rent
provision of this lease is newly added, modified, or stricken in proportion to the relationship the damaged portion of the
out, the remainder ofthis Lease shall remain in full force and leased prem ises bears to the whole of said premises.
effect
32. EMINENT DOMAIN: In the event that the leased
26. REMEDIES NOT EXCLUSIVE: The remedies and premises shall be taken by eminent domain, the rent shall be
rights contained in and conveyed by this Lease are prorated to the date of taking and fl1is Lease shall tenninate
cwnulative, and are not exclusive of other rights, remedies on that date.
and benefits allowed by applicable Arizona law.
33. LANDLORD ENTRY AND LIEN: In addition to the
'].7, SVERP.BIL1TY: If any provision herein, or any ri~ts provided by applicable Arizona law, Landlord shall
portion thereof, is rendered invalid by operation of law, have the right to enter the leased premises at all reasonable
judgment, or court order, the remaining provisions and/or times for the plll"J'OSe of inspecting the same and/or showing
portions of provisions shall remain valid and enforceable and the same to prospective tenants or purchasers, and to make
shall be construed to ~o remain. such reasonable repairs and alterations as may be deemed
necessary by Landlord for the preservation of the leased
28. NO WAIVER: The failure of Landlord to insist upon premises or the building and to remove any alterations,
the strict performance of the tenns, covenants, and additiolls, fjxtures,_ and_ 3!lY othe_r objects which may be
agreements herein shall not be construed as a waiver or affixed or erected in violation of the terms- of this- Lease.
relinquishment of Landlord's right thereafter to enforce any Landlord shall give reasonable notice of intent to enter
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WITNES~ 'l'fit; SI{J ~roRES OF THE PARTIES TO 'fHIS RESIDENTIAL LEASE AGREEMENT:
TENANT
Sign: ----~------~~Print:
Date: _ __ __
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