1474 7th St

Lease terms

Lease Terms Lease Duration: A minimum lease term of twelve (12) months is required. Upon completion of the initial lease term, tenants may be offered the option to renew for either a six (6) month or twelve (12) month term, subject to owner approval and any applicable rent adjustments provided in accordance with local law. Rent Payment: Monthly rent is due on the first (1st) day of each month without exception. A grace period of three (3) days is permitted. Any payment received after the fourth (4th) of the month will be subject to a late fee. Rent is to be paid via agreed upon method as outlined at the time of signing. Security Deposit: A security deposit equivalent to one (1) month's rent is required prior to or at the time of move-in. The security deposit is fully refundable, less any deductions for damages beyond normal wear and tear, unpaid rent, or outstanding fees. The deposit will be returned within the legally required timeframe following the conclusion of the tenancy. Notice to Vacate: Tenants are required to provide a minimum of thirty (30) days written notice prior to vacating the unit. Failure to provide adequate notice may result in forfeiture of all or part of the security deposit. Occupancy: The unit is to be occupied solely by the individuals listed on the signed lease agreement. Any additional occupants must be approved in writing by the owner prior to move-in. Unauthorized occupants are a violation of the lease terms. Guest Policy: Guests are welcome for short-term visits not to exceed fourteen (14) consecutive days. Any guest staying beyond this period without prior written approval from the owner will be considered an unauthorized occupant and may constitute grounds for lease termination. Parking: The unit does not include designated private parking. Street parking is available in the surrounding area and is the sole responsibility of the tenant. The owner assumes no liability for any vehicles parked on public streets, including but not limited to damage, theft, or citations. Tenants are expected to comply with all local parking regulations at all times. Pet Policy: Both cats and dogs are permitted on the premises. Tenants with pets are required to acknowledge and accept full financial responsibility for any and all pet-related damage to the unit, common areas, or property. A pet addendum may be required at the time of lease signing. Tenants are expected to ensure their pets do not cause disturbance to neighboring occupants at any time. Smoking Policy: Smoking is strictly prohibited inside the unit at all times. Tenants who smoke are permitted to do so outside the property only, with the balcony designated as the preferred area. Tenants are expected to be respectful of neighbors and to properly dispose of all smoking materials. Any evidence of indoor smoking discovered at the time of move-out will be subject to cleaning and remediation charges. Utility Policy: Water is a shared utility. The total monthly water bill will be divided equally among all individuals listed on the signed lease agreement. A detailed breakdown of each tenant's share will be sent via email and is expected to be paid alongside monthly rent on the first (1st) of each month. A copy of the water bill is available upon request at any time. Garbage and waste removal services are covered in full by the owner. Tenants are not responsible for any fees associated with garbage collection. Internet and electricity are the sole responsibility of the tenant. Tenants are required to establish their own service accounts prior to or upon move-in. The owner assumes no liability for service interruptions or billing matters related to these utilities. Damage Policy: Tenants are fully responsible for any damage to the unit, its fixtures, appliances, or common areas that exceeds normal wear and tear. In the event that repair or replacement costs exceed the amount of the security deposit, the tenant will be responsible for paying the remaining balance in full. Any damage must be reported to the owner promptly. Unreported damage discovered at the time of move-out will be documented and charged accordingly. The unit will be inspected upon move-in and move-out and both parties will be provided with a written condition report for full transparency and mutual protection. Lease Termination: Early termination of the lease by the tenant prior to the completion of the agreed term may result in forfeiture of the security deposit and the tenant may be held liable for remaining rent owed for the duration of the lease term, unless a mutually agreed upon resolution is reached in writing with the owner. Right of Entry: The owner or authorized representative reserves the right to enter the unit with a minimum of twenty-four (24) hours advance notice for the purposes of repairs, inspections, or property showings. In the case of an emergency, the owner reserves the right to enter without prior notice. Lease Violations: Any violation of the terms outlined in this lease agreement may result in a written notice of cure or quit. Repeated or unresolved violations may be grounds for eviction in accordance with applicable local and state laws.