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Group Project Contract-Lease Assignment This Residential Lease Agreement (hereinafter â€Å"Lease†) is gone into this the 10-01-11, by and between the Lessor: George Murphy, (hereinafter alluded to as â€Å"Landlord†), and the Lessee(s): Benjamin Potter for the Potter Corporation. All Lessees (hereinafter alluded to by and large as â€Å"Tenant†), are together, severally and independently limited by, and subject under, the terms and states of this Lease. 1. Award OF LEASE: Landlord does therefore rent unto Tenant, and Tenant does thus lease from Landlord, exclusively for utilization of room on the structure rooftop for the development of a sign claimed by The Potter Corporation. The structure is situated in Clark County, with the location of: 1234 S. Region Line Road Roderick, IN. 2. TERM OF LEASE: This Lease will begin on the first day of October, 2011, and stretch out until its lapse on the 31th day of October, 2013. 3. SECURITY DEPOSIT: Upon execution of this Lease, Tenant will store the whole of ,000. 0; to be held via Landlord as a security store for sensible cleaning of, and fix of harms to, the premises upon the lapse or end of this Lease, or other sensible harms coming about because of a default by Tenant. Occupant will concur that if the Tenant will neglect to claim the premises or will renounce the rent before the start of the term, the Landlord will save the store as exchanged harms for such penetrate and some other cash paid in reference with this rent understanding. Occupant will be at risk to Landlord for all harms to the rented premises upon the end of this Lease, common mileage excepted. Inhabitant isn't qualified for enthusiasm on the security store. Occupant may not make a difference the security store to any lease due under this Lease. On the off chance that Landlord sells or appoints the rented premises, Landlord will reserve the option to move Tenant’s security store to the new proprietor or chosen one to hold under this Lease and upon so doing Landlord will be discharged from all obligation to Tenant for return of said security store. Under Indiana Code  § 32-7-5-12: Endless supply of a tenant contract, the entirety of the security store held by the landowner will be come back to the occupant, aside from any sum applied to: (1) The installment of gathered lease; (2) The measure of harms that the proprietor has or will sensibly endure by reason of the inhabitants resistance with law or the tenant contract; and (3) The proprietor isn't obligated until provided by the inhabitant recorded as a hard copy with a street number to which to convey the notification and sum recommended by this subsection. The occupant isn't qualified for apply a security store to lease. . Lease PAYMENTS: Tenant consents to pay lease unto the Landlord during the term of this Lease in equivalent portions of $400. 00 for every month for two years being expected and payable at the latest the first day of the month (or the principal day for the accumulation time frame), the main full lease installment under this Lease being expected on the first Day of October, 2011, alongside t he Security Deposit of $1,000. The aggregate of $12,000. 00 is expected for the term of the rent. Inhabitant concurs that if lease isn't forked over the required funds at the very latest the tenth day of the month, Tenant will pay a late charge of $25. 0 and an extra $10. 00 every day as permitted by relevant Indiana law. Lease installments will be made payable to George Murphy by means of check or clerk check, nonetheless if the check is returned because of inadequate assets there will be a $25. 00 assistance charge. Regularly scheduled installments are to be sent to the consideration of the Landlord at P. O. Box 123, Roderick, Indiana 46123. All notification from Tenant to Landlord under this Lease and pertinent Indiana law will be conveyed to P. O. Box 1234, Roderick, IN 46123. 5. CONSEQUENSES OF BREACH BY TENANT: If Tenant, by any demonstration or oversight, Tenant will be considered in penetrate of this Lease. If there should arise an occurrence of such penetrate Landlord may convey a composed notification to the Tenant in break determining the demonstrations and exclusions comprising the penetrate and that the Lease Agreement will end upon a date at the very least ten (10) days after receipt of the notification if the break isn't cured inside a sensible time not more than ten (10) days; and the Lease Agreement will end and the Tenant will give up ownership as gave in the notification subject to the accompanying: On the off chance that the break is remediable by fixes, the installment of XXXX harms, or something else, and the Tenant sufficiently cures the penetrate preceding the date determined in the notification, the Lease Agreement will not end; (b) without an appearing of due consideration by the Tenant, if considerably a similar demonstration or oversight which comprised an earlier rebelliousness of which notice was given repeats inside six (6) months, the Landlord gathering may end the Lease Agreement upon in any event ten (10) days composed notification indicating the penetrate and the date of end of the Lease Agreement; On the off chance that the Lease Agreement is ended, Landlord will restore all paid ahead of time and unmerited lease, and any measure of the security store recoverable by the Tenant, except if to be held for sold harms. In any case, under Indiana Code  § 32-7-1-5, if the break by the Tenant is delinquency of lease, the Landlord will not be required to convey thirty (30) days composed notification as gave previously. In such occasion, the Landlord may serve Tenant with a ten (10) day composed notification of end, whereupon the Tenant must cover the unpaid lease or give up ownership of the premises by the lapse of the ten (10) day notice period. Besides, the Tenant might be ended by a three (3) day composed notification conveyed via Landlord if the Tenant has submitted a significant infringement of the Lease Agreement or appropriate law that tangibly influences wellbeing and security. Occupant explicitly concurs and comprehends that upon Tenant or Landlord’s end of this Lease, the whole outstanding parity of unpaid lease for the rest of the term of this Lease will ACCELERATE, whereby the whole total will turn out to be promptly due, payable, and collectable. Landowner may hold the bit of Tenant’s security store staying after sensible cleaning and fixes as a halfway balance to fulfillment of the quickened lease. 6. UTILITIES: ) The Landlord is liable for the Utilities of the structure. b) If there is a help interference (e. g. power to light the sign) the Landlord needs to fix inside 72 hours or the Tenant will be qualified for a diminishing on lease installment. 7. Commitments AND DUTIES OF LANDLORD: Landlord consents to: (a) Comply with the prerequisites of relevant structure and lodging codes physically influencing wellbeing and security; 8. Commitments AND DUTIES OF TENANT: Tenant consents to: ) Keep that piece of the premises that he possesses an d utilizes as spotless and as protected as the state of the premises licenses; b) Not purposely or carelessly pulverize, ruin, harm, hinder or evacuate any piece of the premises or intentionally grant some other individual to do as such; c) Conduct himself and require different people on the premises with his agree to behave in a way that won't upset his neighbors quiet happiness regarding their premises; d) Inform the Landlord of any state of which he has real information which may make harm the premises; e) Not take part in any criminal behavior upon the rented premises as archived by a law implementation organization. Occupant concurs that any infringement of these arrangements will be viewed as a penetrate of this Lease and will relinquish all rights to the agreement. 9. State OF LEASED PREMISES: Tenant therefore recognizes that Tenant has inspected the rented premises preceding the marking of this Lease, or intentionally deferred said assessment. Inhabitant makes a deal to avoid harming the premises through any demonstration or exclusion, and to be answerable for any harms supported through the demonstrations or oversights of Tenant. On the off chance that such harms are caused, Tenant is required to pay for any subsequent fixes simultaneously and notwithstanding the following month’s lease installment, with ramifications for non-installment indistinguishable from those for non-installment of lease depicted in this. At the lapse or end of he Lease, Tenant will restore the rented premises in as great condition as when taken by Tenant at the initiation of the rent, with just typical mileage anticipated. Occupant will reserve the option to expel from the premises Tenant’s installations put subsequently by Tenant to his detriment, gave, in any case, that Tenant in affecting evacuation, will reestablish the rented premises to as great, protected, sound, deliberate and great condition as before the expansion of Tenant’s apparatus. Bombing this, Tenant will be committed to pay for fixes as expressed previously. a) The Landlord requires the sign to be put on the rooftop to be an elegant sign with no â€Å"lurid† or â€Å"sexual† content on the sign. b) The Landlord has consented to an elegant portrayal of fun and liquor. ) The size of the sign will be no bigger than 10 X 12 as per the town laws. d) The Tenant must give the Landlord the proposed indication in any event six a month and a half before marking the rent. e) The Landlord has tem (10) business days to survey and favor the proposed sign. 11. BUILDING ENTRY an) Access to building is access ible for the Tenant from 9am †9pm, Monday through Friday. b) Access is limited on Weekends and Holidays. c) The Tenant can approach the rooftop through the flight of stairs and cargo lift. d) If Tenant needs get to other than the occasions determined above then the Tenant needs to get uncommon authorization and course of action from the Landlord. 12. NOTICE OF INJURIES: in case of any critical injury or harm to Tenant endured in the rented premises or in any regular region, composed notification of same will be given by Tenant to Landlord at the location assigned for conveyance of notification as quickly as time permits yet n