Final answer:
The percentage rent based on sales is a clause not found in residential leases, as it is specific to commercial leases. Residential leases instead include clauses on security deposits, maintenance responsibilities, and pet policies.
Step-by-step explanation:
The clause that would not be found in a residential lease is C) Percentage rent based on sales. This is because percentage rent is commonly associated with commercial leases, particularly in retail, where a tenant's rent is based on a percentage of their sales. In contrast, residential leases involve flat monthly rent payments that are not linked to the tenant's income or business activities.
Residential leases typically include clauses such as A) Security deposit and refund terms, B) Maintenance and repair responsibilities, and D) Pets and pet deposits. These clauses deal with financial terms and conditions, responsibilities of upkeep, and policies regarding pets — all relevant to living accommodations.
Understanding the rights and obligations of residential tenancy agreements, including what is typically found in these contracts, is crucial for both landlords and tenants in ensuring clear expectations and legal compliance.