RENT & PAYMENT Monthly rent: $1,200 Due on the 1st of each month; 5-day grace period Late fee: $75 after the 5th Payment via ACH bank transfer through Relay Bank no cash accepted Returned payment fee: $35 TERM Month-to-month tenancy commencing [start date] Either party may terminate with 30 days written notice SECURITY DEPOSIT $1,200 due at signing (one month's rent) Fully refundable within 30 days of vacating provided property is returned in good condition, normal wear and tear excepted Deductions may be made for damages beyond normal wear and tear, unpaid rent, or unreturned keys UTILITIES Tenant responsible for: electric, gas, trash, internet Water/sewer: landlord will arrange and fund repair of underground pipe damage prior to or within a mutually agreed timeline after lease commencement. Once repaired, water account to be established in tenant's name and tenant assumes responsibility for ongoing water costs No utility accounts to be established in landlord's name PROPERTY CONDITION / AS-IS Tenant accepts property in current condition with the exception of water pipe repair, which landlord agrees to address Tenant to provide written list and photos of known deficiencies within 10 days of lease commencement That list will serve as the baseline condition record for deposit purposes at move-out REPAIRS & MAINTENANCE Landlord responsible for: structural repairs, water pipe repair, and major systems (HVAC, roof, electrical) Tenant responsible for: minor repairs under $100, lawn care, and general upkeep Tenant must notify landlord in writing before arranging any repair over $100 No alterations or improvements without prior written landlord approval OCCUPANCY No additional occupants or subletting without written landlord approval PROPERTY USE Residential use only Tenant to maintain property in clean and sanitary condition No illegal activity on premises ACCESS Landlord may enter with 24 hours written notice for inspection, repairs, or showing Emergency access permitted without notice GOVERNING LAW Governed by Texas Property Code and laws of the State of Texas Bell County is the agreed venue for any disputes
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