925 King St

Lease terms

RESIDENTIAL LEASE AGREEMENT 1. PARTIES AND PROPERTY Landlord: [ Landlord ] Tenant(s): [To Be Inserted Upon Approval] Premises: The single-family residence located at 925 King St, Aubrey, TX 76227 2. TERM AND RENEWAL Initial Term: 12 months, commencing on [Start Date] and ending on [End Date]. Renewal: Upon expiration of the initial 12-month term, this agreement will automatically convert to a month-to-month tenancy unless either party provides at least 30 days' written notice of intent to vacate or renew for a fixed term. Month-to-month terms may be subject to rent adjustments negotiated at that time. 3. RENT AND PAYMENT TERMS Monthly Rent: $2,020.00 (flexible/negotiable), due in full on the 1st day of each calendar month. Payment Methods: Rent shall be paid via Check (mailed to Landlord's designated address), Venmo, or Zelle. Grace Period & Late Fees: Rent received after 11:59 PM on the 7th day of the month is considered late. On the 8th day of the month, a standard initial late fee of $150.00 shall be assessed. Additional daily late fees of $15.00 per day may accrue for each day rent remains unpaid, up to the maximum limit permitted under Texas Property Code 92.019 (12% of the monthly rent value). 4. SECURITY DEPOSIT & CONDITIONS Amount: The Tenant shall deposit the sum of $3,030.00 (equivalent to 1.5 months' rent based on a $2,020 base) as a security deposit for the faithful performance of this lease. Return & Deductions: In accordance with Texas Property Code, the deposit will be returned to the Tenant within 30 days of move-out, provided a forwarding address is supplied. The Landlord shall provide a comprehensive itemized list of deductions for any required property repairs or damages beyond normal wear and tear before withholding funds. 5. UTILITIES AND YARD MAINTENANCE Utilities: Tenant is solely responsible for establishing accounts and paying all utility costs, including water, sewer, trash, electricity, gas, and internet. Yard Maintenance: Tenant is responsible for maintaining the yard, including mowing, edging, weeding, and watering in accordance with municipal or HOA guidelines. If Tenant is unable to maintain the yard, Landlord and Tenant may mutually agree to a fee-sharing arrangement to hire a professional lawn service 1 to 2 times per month. 6. REPAIRS, WEAR & TEAR, AND PEST CONTROL Minor Repairs: Tenant is responsible for minor maintenance and repairs resulting from daily use and wear (e.g., replacing lightbulbs, smoke detector batteries, and HVAC filters). Tenant may consult Landlord regarding minor issues for guidance or assistance. Pest Control Move-In Window: The Landlord agrees to remediate any pest control issues reported by the Tenant upon immediate move-in, within 30 days. Ongoing Pest Control: Following the initial move-in window, the Tenant assumes full responsibility for routine pest control, eradication, and preventative measures, as ongoing maintenance is a result of tenant occupancy and wear. 7. POLICIES AND RESTRICTIONS Guests: Guests are permitted; no formal duration restrictions apply, provided the premises remain the primary residence of the signed Tenant(s) only. Pets: Allowed strictly upon written approval by the Landlord. The Tenant may choose between a pet deposit or monthly pet rent totaling $500.00 per year, per pet. Terms are subject to final negotiation based on the specific pet's profile. Smoking/Vaping: Smoking of any kind (including tobacco and cannabis) is strictly prohibited inside the residence. Vaping is permitted. Subleasing: Subleasing, assignment of the lease, or utilizing the property for short-term rentals (e.g., Airbnb) is prohibited unless explicit, prior written approval is granted by the Landlord. Cosmetic Alterations: Tenant shall make no structural changes, paint, mount fixtures, or perform major cosmetic alterations without prior written consent from the Landlord. 8. LANDLORD ACCESS AND ENTRY Routine Entry: Landlord shall provide Tenant with a minimum of 3 to 7 days' advance notice prior to entering the premises for routine inspections, preventative maintenance, or showing the property. Emergency Entry: In the event of a bona fide emergency threatening life or severe property damage (e.g., a burst pipe or fire), Landlord or emergency personnel may enter the premises immediately with 24 hours or less notice, as situational safety permits. 9. RENTERS INSURANCE Requirement: Tenant is required to obtain and maintain a standard comprehensive renters insurance policy providing a minimum of $100,000 in personal liability coverage. Tenant shall provide proof of policy coverage to the Landlord prior to the move-in date.