The Applicant agrees to enter into a Residential Tenancy Agreement when requested by the
Landlord on the Landlord’s forms and abide by the conditions of such Agreement. In good faith,
I/we deposit the sum of $_____________ as an Application Fee, which upon taking possession
shall be credited by the Landlord as a Security Deposit. The said Application Fee is forfeited as
liquidated damages if I/we fail to take possession of the premises as agreed. Any damage found in
taking possession of the premises must be reported in writing to the Landlord within 7 days. I/We
hereby authorize and consent to the Landlord contacting my/our credit references, landlord(s) or
employer(s) and obtaining information concerning my/our credit, including, without limitation,
consumer reports.