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1.1 The lease term shall commence on March 1, 2026 and expire on February 28, 2027 ("Initial Term").
1.2 Unless Tenant provides written notice of non-renewal no fewer than sixty (60) days prior to lease expiration, this Agreement shall automatically renew for successive twelve (12) month terms at the then-current market rate as determined solely by Landlord.
2.1 Tenant agrees to pay $1,450.00 per month, due on the first day of each calendar month.
2.2 A late fee of $75 shall be assessed if rent is not received by the 5th of the month.
2.3 Landlord reserves the right to adjust the monthly rent amount with thirty (30) days written notice to Tenant at any time during the lease term.
3.1 Tenant shall deposit $2,900.00 as a security deposit upon execution of this Agreement.
3.2 Landlord shall return the security deposit within sixty (60) days of Tenant vacating the premises, minus deductions for damages beyond normal wear and tear, unpaid rent, and any cleaning fees deemed necessary by Landlord at Landlord's sole discretion.
4.1 Landlord or Landlord's agents may enter the premises at any time for inspection, repairs, or showing to prospective tenants or buyers without prior notice to Tenant.
4.2 In cases of emergency, Landlord may enter immediately without notice.
5.1 No pets of any kind are permitted on the premises without prior written consent from Landlord.
5.2 If consent is granted, a non-refundable pet fee of $500 per pet shall be due upon approval.
6.1 Tenant shall not make any alterations, additions, or improvements to the premises without prior written consent of Landlord.
6.2 Any improvements or additions made by Tenant, whether or not consented to by Landlord, shall become the property of Landlord at the termination of this Agreement without compensation to Tenant.
7.1 If Tenant terminates this Agreement prior to the expiration of the lease term, Tenant shall be liable for (a) two months' rent as a termination fee, (b) rent through the date a replacement tenant is found, and (c) all costs associated with re-leasing the unit including advertising and agent fees.
7.2 Tenant must provide sixty (60) days written notice of early termination intent.
8.1 Tenant agrees to return the premises in the same condition as received, normal wear and tear excepted.
8.2 Tenant agrees to have the premises professionally cleaned prior to vacating. Failure to provide receipts for professional cleaning shall result in a deduction from the security deposit for cleaning costs as determined by Landlord.
9.1 Tenant is responsible for all utilities including electricity, gas, water, internet, and renter's insurance.
9.2 Landlord shall maintain common area electricity and building water pressure.
10.1 Tenant shall not sublet the premises or any portion thereof without prior written consent of Landlord, which may be withheld at Landlord's sole discretion.
11.1 If more than one individual constitutes Tenant, each shall be jointly and severally liable for all obligations under this Agreement.
12.1 Tenant shall not cause or permit any noise or conduct that unreasonably disturbs neighboring tenants or violates any applicable noise ordinance. Quiet hours are observed from 10:00 PM to 8:00 AM daily.
12.2 Tenant shall be responsible for the conduct of all guests and occupants of the premises.
12.3 Any violation of noise or conduct standards, as determined at Landlord's sole discretion, may result in immediate lease termination with three (3) days written notice.
13.1 Tenant is assigned one (1) parking space in Lot B. Vehicles must display the provided parking pass at all times.
13.2 Additional vehicles may not be parked on the property without prior written approval from Landlord.
13.3 Landlord reserves the right to reassign or eliminate Tenant's parking space with thirty (30) days notice. No rent reduction shall be offered in the event of space elimination.
14.1 Tenant is required to maintain a renter's insurance policy with a minimum of $100,000 in personal liability coverage throughout the duration of the lease term.
14.2 Landlord shall not be liable for any loss, damage, or injury to Tenant's personal property or person arising from any cause whatsoever, including but not limited to fire, theft, water damage, or negligence of Landlord or Landlord's agents. Tenant expressly waives all claims against Landlord for such losses.
14.3 Proof of insurance must be provided to Landlord within seven (7) days of occupancy and upon renewal each year.
15.1 Tenant shall promptly notify Landlord in writing of any needed repairs or maintenance. Landlord shall address habitability-affecting repairs within a reasonable time.
15.2 Tenant shall be responsible for all repairs and maintenance costs under $150.00, including but not limited to light bulb replacement, drain clearing, and minor fixture repairs.
15.3 Tenant shall not attempt to repair appliances, HVAC, plumbing, or electrical systems without Landlord's written consent.
16.1 The premises are subject to the rules and regulations of the Oak Ridge Homeowners Association. Tenant agrees to comply with all current and future HOA rules.
16.2 Any fines or penalties assessed against Landlord by the HOA as a result of Tenant's actions shall be charged directly to Tenant and deducted from the security deposit or billed as additional rent. Tenant is responsible for obtaining and reviewing current HOA rules independently.
17.1 If Tenant vacates or abandons the premises prior to the end of the lease term without written notice, Landlord may immediately re-enter and re-lease the premises.
17.2 Tenant shall remain liable for all rent and associated costs through the end of the lease term regardless of whether a replacement tenant is secured.
18.1 Smoking of any substance, including tobacco and cannabis, is strictly prohibited inside the premises and within 25 feet of any building entrance.
18.2 Evidence of smoking inside the premises will result in a minimum remediation charge of $1,500.00 deducted from the security deposit, plus any additional documented costs.
19.1 Any dispute arising under this Agreement shall first be submitted to binding arbitration administered by the American Arbitration Association under its Consumer Arbitration Rules. Tenant waives the right to a jury trial and the right to participate in any class action proceeding.
19.2 Arbitration shall take place in Travis County, Texas. Each party shall bear its own costs unless the arbitrator finds a claim frivolous.
20.1 This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, representations, or agreements. No oral promises shall be binding.
20.2 Any modifications to this Agreement must be made in writing and signed by both parties.
21.1 This Agreement shall be governed by the laws of the State of Texas.
21.2 In any legal action arising from this Agreement, the prevailing party shall be entitled to recover reasonable attorney's fees and court costs.
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| Financial Terms | 72 | Acceptable |
| Lease Exit | 24 | High Risk |
| Property Use | 58 | Caution |
| Occupancy & Liability | 80 | Good |
| Move-Out Terms | 52 | Caution |
| Atypical Clauses | 22 | High Risk |