WHAT ARE THE TERMS OF THE LEASE? - The terms of the lease can vary from month-to-month up to a year. Each tenant and owner have their own preferences. Each term also has its advantages and disadvantages. The longer the term, the longer you are committed to staying in the property. At the same time, a long term lease prevents the owner from raising the rent on you. Of course the opposite advantages and disadvantages apply to shorter term agreements.

Here is the excerpt from the Lease Agreement as it pertains to the lease term:

TERMS
LESSOR does hereby rent to LESSEE for residential purposes only those certain premises described as __________________________________ commonly known as, or located at:__________________________________________________________________________________________
Clark County, Nevada for a Period of _______ month(s), commencing on the ______ day of ____________________ , 20 ____ at a monthly rate of $________________ payable in advance on the FIRST day of each and every month. Payments will be accepted at 4033 W. Charleston Blvd. Las Vegas, Nevada 89102 during normal business hours Monday through Friday, not including holidays, unless otherwise agreed to. Rent payments are legally the responsibility of the LESSEE without notice or demand and may be acted upon anytime after the due date stated above. The LESSEE is responsible for all lease payments through the end of the lease term. All payments received on LESSEES account will FIRST be applied to late fees, repairs, utilities, returned check charges, and all other miscellaneous LESSEE charges and SECOND to rent due. At the end of the lease term this agreement will automatically become a month-to-month agreement with all of the stated provisions herein intact, unless a lease renewal or new lease has been signed and agreed upon. The Atlas Group LC may make changes to this agreement at any time with proper written notice being given to LESSEE.

**This clause is subject to change without notice. Be sure and read your lease agreement and understand it in its entirety.

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