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.T s: RENTAL AGREEMENT Date RECEIPT IS HEREBY ACKNOWLEDGED by Hercules Vourakis Hereinafter called Owner, from Golden State Utility Co. Hereinafter called Tenants, of the sum of S. 1800.00 for the first month's rent and security deposit of the premises owned by said Owner and located at 18266 S. Austin Rd. Manteca Ca. 95336 which premises the Owner hereby agrees to rent to said Tenants on a month-to month basis based upon the following terms and conditions: I. TERMS: The terms of this agreement shall be a two-year lease, beginning on the 1St of July, 1999 and expire on the 30th of June, 2001. Upon mutual agreement between Owner and Tenant 60-days or more prior to the expiration of this lease, the lease may be renewed for one three-year period. 2. RENT: Tenant shall pay $800.00 per month beginning the 1st of July, 1999 and each and every month thereafter. Beginning the l"of July, 200I and every month thereafter until the 30''of June, 2004, Tenant shall pay$1,000.00 per month. 3. FAILURE TO PAY RENT: If the rental is not paid on or before the 5th day of each month, late charge of$120.00 shall apply in addition to the monthly rental. If the rental and late charge is not paid on or before the 10`h day of each month, the Owner, at his sole discretion, shall serve upon Tenant a Notice to Pay Rent or Vacate as provided by California Code Civil Procedure Section 1161. 4. SECURITY DEPOSIT: Receipt is hereby acknowledged by Owner the sum of 1000.00 as security deposit. Said sum shall be held by owner as security deposit for the faithful performance by Tenant of the terms of this tenancy agreement. Upon termination of this agreement, the entire security deposit shall be eligible to be refunded if the premises has been left in a clean and sanitary condition, if no deductions are required to repair any damage caused by Tenant or Tenant's guests, and if all payments of rent hereunder are paid. If however, said premises is not left in a clean and sanitary condition,undamaged, and with all rent paid in full, then Owner is hereby authorized to deduct such amounts as are reasonable necessary to satisfy these obligations of Tenant consistent with Civil Code Section 1950.5. Nothing shall prevent Owner from taking whatever legal action that is necessary to recover from Tenant the excess, if any, of costs so incurred by Owner over the balance of the security deposit. Upon termination or vacating, Owner shall refund to Tenant any remaining portion of the deposit no later than two (2) weeks thereafter.