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Cancelation Policy: 50% deposit for the full cost of the stay and any add-ons is due upon reservation of stay. This deposit is fully refundable up to 60 days prior to arrival. Within 60 days, no portion of the deposit is refundable for any reason. Remaining 50% payment is due 60 days prior to arrival. This payment is not refundable for any reason.

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<p><strong>RESIDENCE LEASE </strong><strong><br></strong></p> <p>** Reservations/pricing/dates are not confirmed until reviewed by a member of the Vail Butler staff. Vail Butler reserves the right to notify you should there be a fault in the software preventing a proper reservation (i.e. nightly/weekly rates not being properly applied via the online software) or with any issues/questions regarding your reservation.</p> <p>**If this is an online booking, no reservation is confirmed until it has been reviewed and approved by a Vail Butler staff member, usually within 24 hours of submitting your reservation request.. </p> <p>This Residence Lease (the “<strong>Lease</strong>”) is entered into by and between Landlord (as defined below) and Tenant  (as defined below). In consideration of the payment of the Rent (as defined below), other monies due the Landlord  (“<strong>Additional Rent</strong>”), and the performance of the promises by Tenant set forth below, Landlord leases to Tenant, and  Tenant accepts, the Premises described below, subject to the terms and provisions set forth in the Lease. This Lease  shall be deemed to be a Rental Agreement as such term is employed in the Colorado Revised Statutes (the “<strong>Rental  Agreement</strong>”). </p> <p><strong>PARTIES, PREMISES, AND DEFINED TERMS</strong></p> <p>1. <strong>Landlord: </strong>Homeowners, referred to as “Landlords”rent properties by acting by and through its agent Vail Butler, a Colorado limited liability  company.</p> <p>2. <strong>Tenant/Occupancy:</strong> A maximum number of tenants is identified for each property in your contract. In the event the group exceeds the permitted occupancy, additional fees may apply, including fines issued by the town.</p> <p>3. <strong>Premises:</strong> The property rented will be outlined in your contract. When you book your reservation, the unit of your choice will be assigned but cannot be guaranteed when there are circumstances beyond our control. Although rare, examples are a house that is sold, changed property management companies, or a house that has unforeseen damage and is not rental ready. Vail Butler will make every effort to relocate you to a similar property. Vail Butler will issue a full refund if no property is available for the desired dates. Rates are subject to change based on season/availability. Rates will not be adjusted once a reservation has been confirmed by a member of our staff. Exact bedding/décor/amenities are not guaranteed the same as pictured as owners will often change items within the home.</p> <p>4. <strong>Term:</strong> The term of your rental will be outlined in your contract.</p> <p>5. <strong>Rent:</strong> Rental terms and amount will be outlined in your contract.</p> <p>6. <strong>Security Deposit: </strong> </p> <p>A security deposit or credit card authorization will be required at the time of contract signature. Terms and amount will be outlined in your contract.</p> <p>7. <strong>Late Payments:</strong> If any rental installment or other payment is received later than five (5) days after  the date when due, the parties agree that Additional Rent in the amount of eight percent (8.00%) of the outstanding  sums, shall also be due and payable. The foregoing items shall be deemed Additional Rent. </p> <p>8. <strong>Colorado Revised Statutes Definitions:</strong> The Colorado Warranty of Habitability Law, codified at  § 38-12-501 et seq., C.R.S., contains the following definitions which may be applicable in conjunction with certain  rights and responsibilities imposed by the law: Dwelling Unit is the structure, or the part of the structure, that is used  as the home, residence, or sleeping place by Tenant (the “<strong>Dwelling Unit</strong>”). Common areas are the facilities and  appurtenances to a Residential Premises, including the grounds, areas, and facilities held out for the use of tenants  generally or whose use is promised to Tenant (the “<strong>Common Areas</strong>”). Residential Premises means the Dwelling  Unit, the structure of which the unit is a part and the Common Areas (the “<strong>Residential Premises</strong>”).</p> <p>9. <strong>Pets:</strong> <strong>Shall not</strong> be allowed to have pets on the Premises without prior written consent of the Landlord.</p> <p><strong>PREMISES</strong></p> <p>10. <strong>Common Areas/Governing Documents:</strong> If the Premises includes any common areas with any  other properties that are subject to any declarations, covenants, conditions, or restrictions by any governing documents  (the “<strong>Governing Documents</strong>”) pertaining to the Premises, Tenant is granted a license to use those areas on the terms  and conditions contained in such governing documents. All use of the Common Areas is at the sole risk of Tenant and  Landlord will not be held liable for any damages or injuries occasioned by such use. If Tenant is unfamiliar with the  Governing Documents, then Tenant may request a copy from the Landlord.  </p> <p>11. <strong>Parking:</strong> If parking is available and included on or adjacent to the Premises, the parties understand  and agree that the Lease establishes a license to use the Premises for parking for Tenant’s motor vehicles. All motor  vehicles must be properly licensed and insured. Landlord may cause removal of all motor vehicles or personal property  not authorized or permitted, including those left on the Premises or designated Common Areas after expiration or  termination of the Lease or Term. Tenant agrees to comply with any parking requirements and restrictions specified  in any Governing Documents or rules and regulations governing the Premises. </p> <p>12. <strong>Condition of Premises and Representations:</strong> As of the commencement of the Lease, Tenant  acknowledges that Tenant has examined the Premises and is satisfied with the condition of the Premises, including all  systems and appliances on the Premises. Taking possession of the Premises is conclusive evidence to the fact that the  Premises are in good order and satisfactory condition. </p> <p>13. <strong>Use of Premises:</strong> Where used in this Paragraph, Premises includes any Common Areas and Tenant  includes Tenant’s licensees and invitees. </p> <p>a. <strong>Occupancy of Premises:</strong> Tenant represents and warrants that Tenant has identified all of  the individuals over the age of 18 who will occupy the Premises in Paragraph 2 of the Lease and that the Premises are  to be used only as a private residence for those individuals. Landlord must approve any change to those listed as  Tenants in the Lease. If Tenant desires any change or increase to those shown as Tenants in the Lease, and provided  any increase is not in violation of applicable occupancy codes, those individuals desiring tenancy must complete any  application and approval process required by Landlord, in advance of any change. If Tenant fails to obtain Landlord’s  approval in advance of any change in occupancy, Tenant understands that this failure constitutes a Default as described  in the Lease.  </p> <p>b. <strong>Legal Compliance:</strong> Tenant is liable for the actions of Tenant’s licensees and invitees.  Tenant agrees to comply with and abide by all federal, state, county and municipal laws and ordinances, and any  Governing Documents, if applicable, in connection with the occupancy and use of the Premises. No alcoholic  beverages shall be possessed or consumed by Tenant, or Tenant’s licensees or invitees, unless the person possessing  or consuming alcohol is of legal age. No illegal drugs or controlled substances, which include medical and/or  recreational marijuana, are permitted on the Premises. Tenant agrees to refrain from using the Premises in any way  that may result in an increase of the rate or cost of insurance on the Premises. No hazardous or dangerous activities  are permitted on the Premises.</p> <p>c. <strong>Safety:</strong> Tenant must not use the Premises in a manner that may endanger the person or  property of Landlord, co-tenants, or any person living on or near the Premises. Tenant agrees to limit use of the  Premises to those consistent with the Premises’ clean, safe, sanitary, and habitable condition. </p> <p>d. <strong>Nuisance Prohibited:</strong> Neither Tenant nor Tenant’s licensees or invitees shall be a nuisance  or act in any manner that would interfere with the quiet enjoyment by adjacent property owners or other tenants (or  their invitees) of their premises. This prohibition includes, but is not limited to, loud noises, loud music, noxious or  unpleasant odors, and disruptive behavior or actions. </p> <p>14. <strong>Check-Out Procedure:</strong> Landlord may, at its discretion, demand and conduct a check-out/walk through of the Premises when, or immediately before, Tenant re-delivers the Premises at the end of the Term.</p> <p>15. <strong>Surrender of Premises:</strong> Tenant will return the Premises to Landlord at the expiration of the Term  in as good condition as when Tenant took possession of the Premises, normal wear and tear excepted. Any  deterioration or damage caused by intentional act, misconduct, accident, abuse, carelessness, or negligence shall not  be considered normal wear and tear. If Tenant fails to re-deliver the Premises in appropriate condition, Landlord may  restore the Premises to appropriate condition, including repair, replacement and cleaning. The cost of any work  necessitated will be deducted from the Security Deposit, and if the Security Deposit is insufficient to cover work  performed, Tenant will be obliged to pay the additional balance upon Landlord’s demand. If payment is not received  within five (5) days of Landlord’s demand, interest shall be carried on the balance at a rate of eighteen percent  (18.00%) per annum. </p> <p>16. <strong>Subletting or Assignment:</strong> Tenant shall neither sublet any part of the Premises nor assign the  Lease, nor any interest in the Lease, without Landlord’s prior written consent. Consent to a sublease or assignment  shall be in the sole and absolute discretion of Landlord. </p> <p><strong>PAYMENTS</strong></p> <p>17. <strong>Payments/Dishonored Checks:</strong> Payments shall be deemed received when actually delivered to,  and received by, Landlord at the payment location. Dishonored checks and any checks received late in the mail will  be treated as late payments. Any additional bank and handling charges that are assessed in the event of a dishonored  check shall be deemed Additional Rent. </p> <p>18. <strong>Partial Payment:</strong> Landlord’s acceptance of any partial payment does not waive Landlord’s right to  require immediate payment of the unpaid balance of Rent, or waive or affect Landlord’s rights to institute legal  proceedings including, without limitation, an eviction action. </p> <p>19. <strong>No Offset: </strong>No assent, express or implied, to any Default of any one or more of the agreements in  the Lease will be deemed or taken to be a waiver of any succeeding or other Default. The covenants set forth in the  Lease are independent. Tenant shall have no right to withhold or set off any Rent due Landlord. </p> <p>20. <strong>Joint and Several Obligations of Tenant:</strong> If more than one person comprises Tenant, it is expressly  understood and agreed that each person comprising Tenant is jointly and severally liable for any and all obligations  of Tenant in the Lease. Moreover, if Tenant is a business entity such as, without limitation, a corporation, partnership,  limited liability company or the like, a personal guaranty of this Lease and all of its payments and obligations  hereunder shall be required from the business entity’s principal approved in advance by Landlord.  </p> <p><strong>SECURITY DEPOSIT</strong></p> <p>21. <strong>Retention or Return of Security Deposit:</strong> If a Security Deposit is required the Landlord may retain the Security Deposit for nonpayment of Rent or Additional Rent, repair of the Premises or Common Areas, replacement of damaged or missing items on the Premises or Common Areas, and/or cleaning of the Premises or Common Areas beyond normal wear and tear incurred during the Term. Any amount remaining from the Security Deposit, together with a written accounting for any portion retained, will be returned by mail to Tenant not more than sixty (60) days after expiration of the Term. Landlord shall mail the return or accounting to Tenant’s last known address. If Tenant consists of more than one person, Tenant agrees that Landlord may provide, at Landlord’s discretion, the return or accounting to one representative of Tenant or pro-rata refunds to each person.</p> <p>22. <strong>Restoration of Balance of Security Deposit:</strong> Landlord has the right at any time, but not the obligation, to apply all or any part of the Security Deposit toward curing any Default of Tenant during the Term. If Landlord does so apply the Security Deposit, Tenant must immediately deposit with Landlord an amount equal to the amount applied so that Tenant will at all times have on deposit with Landlord the entire Security Deposit.</p> <p><strong>MAINTENANCE</strong><strong> </strong></p> <p>23. <strong>Tenant’s Maintenance of the Premises:</strong> In addition to the duties imposed upon Tenant by this  Lease, The Colorado Warranty of Habitability Law, codified at § 38-12-501 et seq., C.R.S., requires that Tenant has  a duty to use that portion of the Premises within Tenant’s control in a reasonably clean and safe manner. Tenant shall  not knowingly, intentionally, deliberately, or negligently destroy, deface, damage, impair, or remove any part of the  Residential Premises including any personal property therein, or permit any person within Tenant’s control to do so. </p> <p>24. <strong>Tenant’s Notification, Restrictions, and Additional Responsibilities:</strong> Tenant shall not perform  or contract with third parties to perform any repairs of any kind on the Premises or structure on which the Premises  are located without the written consent of Landlord. Tenant shall not paint the Premises or Common Areas without  Landlord’s prior written consent. Tenant shall not otherwise decorate or deface the Premises or Common Areas in a  manner that causes damage or alteration to the Premises or said areas. Tenant shall be responsible for any and all  damage to the plumbing, HVAC and electrical systems caused by Tenant’s intentional, reckless or negligent use,  misconduct or abuse. Such actions include, without limitation, clogging and backing up of plumbing not attributable  to ordinary wear and tear of the plumbing system, and plumbing system freeze-ups occasioned by Tenant’s negligence. Tenant shall not place any additional locks on the Premises, including, but not limited to, exterior and interior doors.  Tenant shall not cause any of the locks or cylinders in the locks to be changed or re-keyed in any manner. Tenant must  keep the Premises and the real property surrounding the Premises free and clear of all debris, garbage and rubbish. </p> <p>25. <strong>Maintenance and Repair of the Premises:</strong> If repairs, replacements, restorations, or maintenance  have been necessitated by any other reason including, without limitation, Tenant’s intentional, reckless or negligent  use, misconduct or abuse of the Premises, improvements or systems then Tenant shall be responsible for the cost and  expense for repairs, improvements or maintenance occasioned by such acts or omissions. </p> <p><strong>DEFAULT, NOTICE, AND REMEDIES</strong><strong> </strong></p> <p>26. <strong>Default:</strong> If Tenant is in arrears in the payment of any installment of Rent, any Additional Rent, or  in violation of any other covenants or agreements set forth in the Lease (a “Default”) then Landlord may, at Landlord’s  option, undertake any of the following remedies without limitation: (i) declare the Term of the Lease ended; (ii)  terminate Tenant’s right to possession of the Premises and re-enter and repossess the Premises; (iii) recover all present  and future damages, costs and other relief to which Landlord is entitled; (iv) pursue Landlord’s lien remedies; (v)  pursue breach of contract remedies; and/or (vi) pursue any and all available remedies in law or equity. If possession  is terminated by reason of a Default before the Term expires, Tenant shall still be responsible for the Rent and  Additional Rent occurring for the remainder of the Term.  </p> <p><strong>ADDITIONAL PROVISIONS</strong><strong> </strong></p> <p>28. <strong>Liability Indemnification/Waiver:</strong> Tenant shall save and hold Landlord harmless and  indemnified from all injury, loss, claim or damage to any person or property while on the Premises, or arising in any  way out of Tenant’s use of the Premises. Landlord and Landlord’s directors, officers, members, managers, agents,  contractors, and employees shall not be liable for, and Tenant waives all claims for, damage to person or property  sustained by Tenant, resulting from any accident or occurrence in or on the Premises, including, but not limited to,  claims for damage resulting from: (i) any equipment or appurtenances becoming out of repair; (ii) Landlord’s failure  to keep the Premises in repair; (iii) injury done or occasioned by wind, water, or other natural element; (iv) any  defect in, or failure of, plumbing, heating or air-conditioning equipment (including wood stoves), electric wiring or  installation thereof, gas, water and steam pipes, stairs, porches, railings or walks; (v) broken glass; (vi) the backing up of any sewer pipe or downspout; (vii) the bursting, leaking or running of any tank, tub, sink, sprinkler system,  water closet, waste pipe, drain or any other pipe or tank in, on or about the Premises; (viii) the escape of steam or  hot water; (ix) water, snow, or ice being on or coming through the roof, skylight, doors, stairs, walks, or any other  place on or near the Premises; (x) the falling of any fixtures, plaster or stucco; (xi) fire or other casualty; (xii) any  act, omission or negligence of co-tenants or of other persons or occupants of the Premises; (xiii) hot tub use; and  (xiv) any hazardous materials or conditions on the Premises. Where used in this Paragraph: (a) Premises includes  any Common Areas, structures on any Common Areas, and any adjacent property; (b) Landlord includes Landlord’s directors, officers, members, managers, agents, respective successors and assigns, contractors, and employees; and  (c) Tenant includes Tenant’s invitees, licensees, or any other person claiming through Tenant. </p> <p>29. <strong>Insurance:</strong> Landlord, in its sole discretion and for its sole benefit, shall cause the Premises to be  insured as it deems appropriate. Tenant shall have no right or claim to any insurance or insurance proceeds. Tenant  understands and agrees that Landlord has no obligation to obtain insurance for Tenant including, but not limited to,  liability, hazard, or contents insurance. Tenant shall not act nor permit another to act in a manner which shall adversely  affect, increase the cost of, or result in the cancellation of any fire or other insurance policy of the Landlord covering  the Premises. Tenant acknowledges that all of Tenant’s personal property or that which belongs to others placed on  the Premises at the invitation of or with the consent of the Tenant shall be at the Tenant’s sole risk. To the extent  permitted by law, Tenant shall indemnify and hold harmless Landlord from and against any loss or damage to such  personal property.  </p> <p>30. <strong>Destruction or Condemnation of Premises:</strong> Landlord’s and Tenant’s duties and responsibilities  are as follows when destruction or condemnation of the Premises occurs: </p> <p>a. <strong>Partial Destruction of the Premises:</strong> In case of partial destruction to the Premises by fire,  the elements, or other casualty, Landlord, at its discretion, may repair the Premises with reasonable dispatch after  notice of the partial destruction. Tenant shall still be responsible for payment of Rent. If Landlord determines that the  partial destruction may not be repaired, Subparagraph (d) of this Paragraph shall be effective. </p> <p>b. <strong>Premises Untenable:</strong> If the Premises are made totally untenable by fire, the elements or  other casualty, or if the building in which the Premises are located is partially destroyed to the point where Landlord,  within a reasonable time, decides not to rebuild or repair, then Subparagraph (d) of this Paragraph shall be effective. </p> <p>c. <strong>Condemnation:</strong> If the whole or part of the Premises rented under the Lease are taken by  any authority for any public or quasi-public use or purpose, then Subparagraph (d) of this Paragraph shall be effective.  All damages and compensation awarded for any taking shall be the sole property of Landlord. </p> <p>d. <strong>Termination of Term:</strong> Tenant agrees that if Landlord decides not to repair or rebuild the  Premises where the destruction has occurred as described in Subparagraphs (a) and (b) of this Paragraph, the Term  granted by the Lease will cease and the Rent and Additional Rent will be prorated and payable up to the time of the  cessation of the Term. A refund will be given for the balance of any Rent paid in advance for which Tenant did not  have use of the Premises due to the cessation of the Term under the conditions of this clause. Where the Premises  have been taken due to condemnation as described in Subparagraph (c) of this Paragraph, the Term of the Lease will  cease and terminate on the date that possession of the Premises is taken by the authority. Rent and Additional Rent will be prorated and payable up to the time of the cessation of the Term. Tenant shall not hold Landlord liable for any  damages as a result of any of the acts or events described in this Subparagraph. </p> <p>31. <strong>Holdover:</strong> Tenant must vacate the Premises and remove all of Tenant’s personal property from the  Premises before twelve o’clock noon on the date the Term expires. Landlord may immediately commence eviction  proceedings at its sole discretion. If, after the Lease expires, Tenant remains in possession of the Premises without a  written agreement as to possession, then the tenancy will be regarded as a day-to-day tenancy, at a daily rental, payable  in advance, equivalent to two times the last Rent paid under the Lease, and subject to all the terms and conditions of  the Lease. </p> <p>32. <strong>Entry by Landlord:</strong> Landlord may enter the Premises at reasonable hours for reasonable purposes  (such as repairs, inspections, ensuring compliance with the Lease, or re-letting to prospective new tenants), after giving  reasonable notice to Tenant. Landlord may also enter the Premises in the event of an emergency, without notice, or in  the event of vacancy of the Premises. </p> <p>33. <strong>Guarantor:</strong> If the Lease is guaranteed, the person(s) guaranteeing the Lease (“Guarantor”)  absolutely guarantees Tenant’s obligations and performance under the Lease. Guarantor further agrees to be bound by  the same covenants and conditions of the Lease and makes the same warranties and representations as Tenant under  the Lease. If Tenant defaults in the performance of Tenant’s obligations under the Lease, Guarantor will perform  Tenant’s obligations. </p> <p>34.<strong> Notices: </strong>All notices required to be sent under the Lease are as follows:</p> <p><strong>If to Landlord:</strong>      Vail Butler, a Colorado limited liability company </p> <p>2607 Arosa Drive UNIT A</p> <p>Vail, CO 81657</p> <p><a href=”mailto:contact@vailbutler.com”>contact@vailbutler.com</a></p> <p>970-471-3312</p> <p>35. <strong>Attorneys’ Fees:</strong> If either party fails to perform any of its obligations under the Lease, or if a dispute  arises concerning the meaning or interpretation of any provision of the Lease, then the defaulting party or the party  not prevailing in the dispute, as the case may be, must pay any and all costs and expenses incurred by the other party  in enforcing or establishing its rights under the Lease, including, without limitation, court costs and reasonable  attorneys’ fees. </p> <p>36. <strong>Governing Law:</strong> The Lease is governed by and construed in accordance with the laws of the State  of Colorado. Venue is proper in Eagle County, Colorado. </p> <p>37. <strong>Amendments and Termination:</strong> Unless otherwise provided in the Lease, the Lease may be  amended, modified, or terminated only by a written instrument executed by Landlord and Tenant. </p> <p>38. <strong>Captions:</strong> The Paragraph titles or captions in the Lease are for convenience only and shall not be  deemed to be part of the Lease. </p> <p>39. <strong>Pronouns; Joint and Several Use of Certain Terms:</strong> Whenever the terms referred to in the Lease  are singular, the same shall be deemed to mean the plural, as the context indicates, and vice versa. All references to  the “Landlord” mean Landlord and/or its authorized agents, contractors, or employees as may be required by the  specific context. All references to “Tenant” mean each and every person comprising Tenant or an individual person  or combination of persons comprising Tenant as may be required by the specific context. </p> <p>40. <strong>Waivers:</strong> No waiver of any breach of any provision contained in the Lease shall be deemed a waiver  of any preceding or succeeding breach of that provision or of any other provision contained in the Lease. No extension  of time for performance of any obligations or acts shall be deemed an extension of the time for performance of any  other obligations or acts. </p> <p>41. <strong>Severability:</strong> If any term, covenant, condition, or provision of the Lease or the application thereof  to any person or circumstance is found, at any time or to any extent, to be invalid or unenforceable, the remainder of  the Lease, or the application of that term or provision to persons or circumstances other than those to which it is held  invalid or unenforceable, shall not be affected thereby, and each provision of the Lease shall be valid and shall be  enforced to the fullest extent permitted by law. </p> <p>42. <strong>Pest Control:</strong> Tenant acknowledges that the Landlord does not guarantee or warrant that the  Premises are or ever will be a “pest free environment.” Tenant acknowledges and understands that Landlord’s ability  to effectively address pest infestation issues is dependent in significant part on Tenant’s and other tenants’ voluntary  compliance and cooperation. Tenant agrees to cooperate fully with, and to undertake all efforts and tasks required by  Landlord, or Landlord’s pest-control company to exterminate and control pests. Tenant’s full cooperation includes,  but is not limited to, immediately reporting pest infestation to the Landlord in writing, making the Premises available  for entry to complete pest inspection and extermination treatments, completing all required pre-treatment activities,  evacuating the premises during and after the treatment for the required time frame, completing all required post treatment activities. Tenant acknowledges and agrees that Landlord will not be responsible for damages or losses due  to pest infestation to the extent such conditions have resulted from the acts or omissions of the Tenant, or if Tenant  has failed to immediately notify Landlord of any such condition. </p> <p>43. <strong>Mold:</strong> When moisture is present mold can grow. Landlord does not guarantee or warrant that the  Premises are or ever will be a “mold free environment.” The best way to avoid problems related to mold is to prevent  moisture buildup in the Premises. Tenant acknowledges and agrees to undertake reasonable steps to eliminate moisture  within the premises which may lead to growth of mold. Such steps include, but are not limited to, keeping the premises  clean, using exhaust fans when bathing/showering, wiping down any moisture and/or spillage, and regularly inspecting  for leaks or water accumulation on the Premises. Tenant further agrees to notify Landlord immediately, in writing, of  any sign of water leak, excessive or persistent moisture or any condensation sources in the Premises or any stains,  discolorations, or other indications of mold growth, including a musty odor in the Premises. Tenant acknowledges and  agrees that Landlord will not be responsible for damages or losses due to mold growth to the extent such conditions  have resulted from the acts or omissions of the Tenant or if Tenant has failed to immediately notify Landlord of any  such conditions described above. </p> <p>44. <strong>Smoke Free Premises:</strong> No smoking is allowed upon the Premises or any common area adjacent to  the Premises unless explicitly designated for the purpose of smoking. “Smoking” means the burning of a lighted  cigarette, cigar, pipe, or any other matter or substance that contains tobacco (as defined by the Colorado Clean Indoor  Air Act) or contains any other controlled substance. Smoking on the Premises shall constitute a default under this  Lease. </p> <p>45. <strong>Marijuana:</strong> Colorado law permits the use of medical and recreational marijuana in specific and  limited circumstances. The State of Colorado has also passed additional legislation in adopted rules that govern the  use of medical and recreational marijuana (hereafter, “Colorado Marijuana Law”). Despite the Colorado Marijuana  Law, the Federal Controlled Substances Act categorizes marijuana as a Schedule 1 substance, and further provides  that the manufacture, distribution, or possession of marijuana is a federal criminal offense. Furthermore, the United States Department of Housing and Urban Development has stated that the use of marijuana for medical and/or  recreational purposes violates federal law and the federal and state nondiscrimination laws do not require landlords to  accommodate requests by current or prospective residents with disabilities to use medical marijuana. Possession, use,  and/or cultivation of marijuana on the Premises is not permitted and shall constitute a default under this Lease. </p> <p>46. <strong>Counterparts:</strong> This Lease may be executed in counterparts and/or by electronic transmission, each  of which shall be considered the same as an original, and all of which shall together constitute one document.  </p> <p>47. <strong>Successors, Assigns, and Authority to Execute:</strong> This Lease shall be binding upon and inure to the  benefit of the parties hereto and their respective heirs, representatives, successors, and assigns. The person(s) executing  this Lease represents that it has the full power and authority to bind its principal hereunder.  </p> <p>48. <strong>Interpretation:</strong> The parties acknowledge and agree that this Lease shall not be construed or  interpreted against any single party on the grounds of sole or primary authorship.  </p> <p>49. <strong>Payment Due Upon Execution:</strong> Tenant shall execute this Lease and provide their signed version  to Landlord along with payment for the Rent and Security Deposit as provided herein. Upon receipt, Landlord will  provide Tenant with a signed version of the Lease. 50. <strong>Time is of the Essence:  </strong>Time is of the essence regarding this Lease. </p>