300 Presidio St

Lease terms

Lease Duration: 1-Year Fixed Term Occupancy Limit: Only individuals explicitly named on the lease may reside in the property. Guests staying longer than 14 consecutive days in any 6-month period require written landlord approval. Subletting & Short-Term Rentals: Strictly prohibited. This includes assigning the lease, subleasing a room, or listing the property on platforms like Airbnb or Vrbo. Income Requirement: Applicant must provide verifiable gross monthly income of at least 3 times the monthly rent. In compliance with California law, if receiving a government housing subsidy, this 3x requirement applies only to the tenant's portion of the rent. Security Deposit: 1 month's rent. Late Fees & Grace Period: Rent is due on the 1st of the month. 6% of the monthly rent will be applied if payment is not received by the end of the grace period (the 5th of the month). Renter's Insurance: Tenant is required to maintain a renter's insurance policy with a minimum of $100,000 in liability coverage, listing the landlord as an "interested party". Utilities Included: Water and sewage. Tenant-Paid Utilities: Tenant is responsible for setting up and paying for electricity, gas, trash collection, and internet/cable from the lease start date. Appliance Maintenance: Landlord provides a working refrigerator, stove, oven, microwave, dishwasher, air conditioner, and washer/dryer. Tenant must maintain this equipment (e.g., clean the dryer lint trap, replace HVAC air filter, etc.) General Maintenance: Tenant must keep the premises clean and sanitary. Tenant is responsible for clearing standard plumbing clogs and replacing burnt-out lightbulbs. Prompt Reporting: All leaks, mold, or appliance failures must be reported to the landlord immediately in writing. Alterations: Tenants may not paint or make structural modifications without permission. HOA Compliance: Tenant agrees to abide by all HOA Covenants, Conditions, and Restrictions. Any fines incurred due to tenant violations will be charged directly to the tenant. Parking: One garage parking space is included. Any additional vehicle must obtain and properly display the required community permit, subject to HOA towing rules. Key & Access Devices: Tenant will be provided with specific keys, gate remotes, etc. A specified replacement fee of $100 applies for any unreturned or lost devices. Smoking Policy: No smoking or vaping of any substance inside the unit, on the balcony, or in common areas. Pet Policy: No pets allowed. Move-In/Move-Out Documentation: Photographic documentation will be taken of the unit's condition at move-in, move-out, etc. for deductions in relation to repairs or cleanings. Lease Summary: Terms: 1-year lease minimum. Move-In: First month's rent + 1-month security deposit required. Income Requirement: Verifiable gross income of 3x the monthly rent (or 3x the tenant's portion if receiving a housing subsidy). Utilities: Water and sewage included. Tenant pays electricity, gas, trash, and internet. Policies: Strictly smoke-free and no pets. Subletting and short-term rentals (Airbnb, Vrbo) are prohibited. Community: Tenant must comply with all HOA rules. One garage space included; additional vehicles require a community permit. Requirements: Renter's insurance ($100k liability) is required prior to move-in. Full lease terms, including maintenance responsibilities and move-in/move-out documentation procedures, will be provided during the application process.