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Lease Agreement - Montana University System

Lease Agreement - Montana University System 2025

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The document is a comprehensive lease agreement between Lone Eagle Investments LLC (Landlord) and Montana State University (Tenant) for the LE-5 Building located in Bozeman, Montana. It outlines the basic lease terms, including rent, duration, premises description, and responsibilities of both parties regarding maintenance, utilities, and alterations. The lease includes provisions for tenant improvements, insurance requirements, indemnification clauses, and conditions related to damage or destruction of the premises. Additionally, it details rules and regulations governing the use of common areas and procedures for assignment or subletting. The agreement also addresses options for expansion and extension of the lease term.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the best excuse to break a lease after?

The best excuse is one which excuses you from liability for the remainder of the rent you agreed to pay. These would include military orders/recall/draft notices, and, in many states, being a victim of domestic violence. Just show your landlord your orders or police reports, court records, and you should be good to go.

How do I break a contract with a property management company?

How to Terminate Your Property Management Contract: A Step-by-Step Guide for Owners Understand the Terms of Your Property Management Contract. Notify the Agency of Your Decision. Respect the Notice Period and Plan for a Smooth Transition. Retrieve Essential Documents and Security Deposits. Prepare for Potential Disputes.

What is the easiest way to get out of a lease?

Give Advanced Written Notice. Its typically best to provide a written notice to your landlord, at least 30 to 60 days in advance of moving out, that you plan to break your lease. In your notice, include a move-out date and your reasons for breaking your lease.

What is the difference between a lease agreement and a lease assignment?

Landlord: The owner of the property who grants the lease. Tenant: The individual or business entity renting the property. Lease Agreement: The contract that details the terms and conditions of the lease. Assignment: The process of transferring the lease from the original tenant to a new tenant.

Is Montana a tenant-friendly state?

Montana is known to be a relatively landlord-friendly stateas evidenced by its ranking as the 18th most landlord-friendly state. This is because the state lacks rent control laws, has no limits on late fees, and only a few security deposit regulations. Additionally, the eviction process in Montana is fairly quick.

How do leases work for college students?

Get a Co-Signer One, if the tenant is a minor then they cannot enter into a legally binding contract. Second, most college leases are paid by the parents. By putting the parents and the student on the lease, then both are responsible for the rent and the other terms of the contract.

How do I break my lease with Missoula property management?

If you should terminate your lease early, you will be responsible for early termination costs, to cover expenses for MPM to assist in securing a new tenant. To begin the process, all parties to the Lease Agreement must sign the Early Termination Addendum provided by MPM and pay the required early termination costs.