220 Troy St NW

Newly Renovated Apartment Available Now $1,200/Month This freshly renovated 685-square-foot apartment offers comfortable living in a convenient Atlanta location. Apartment Features * Beautiful hardwood flooring throughout * Ceramic tile in the kitchen and bathroom * Large, spacious rooms * Central heating and air conditioning * Refrigerator and stove included * Washer and dryer hookups * Cable ready * Off-street parking * Available for immediate move-in Rental Information Monthly rent: $1,200 Security deposit: $1,200 Water: Sub-metered based on the apartment's usage and billed separately through management Availability: Available now Contact us today for additional information or to schedule a viewing. Magnolia Trace Apartments, LLC 220 Troy St. Atlanta, Ga 30314 Residential Lease Agreement PARTIES: , Manager, (hereinafter referred to as Magnolia Trace's agent) hereby leases to ___________ (hereinafter referred to as lessee) the following described property: 1. PREMISES: Apartment Number # ( ) at 220 Troy St., Atlanta, GA 30314, for use by resident as a private residence only. 2. TERM: This 12 month lease is for a term commencing on the 1st day of September 2026, and ending on the last calendar day of August 2027. 3. AUTOMATIC RENEWAL: If lessee or Magnolia Trace's agent desires that this lease terminates at the expiration of its term, he must give to the other party written notice at least 30 days prior to that date. Failure of either party to give this required notice will automatically renew this lease and all of the terms thereof except that the term of the lease will be for one month. This provision is a continuing one and will apply at the expiration of the original term and at the expiration of each subsequent term. 4. RENT: This lease is made for and in consideration of a monthly rental of $1200.00, which cover the entire rent per month payable in advance on or before the 1st day of each month at P.O. Box 11355, Atlanta, GA 30310 or through Magnolia Trace's Apartment agent. Rent is to be paid by APP, CASHEIR'S CHECK or MONEY ORDER only. Any rent not received by 5th of each month, WILL NOT be accepted without a $100.00 ($1300.00) late Fee; It is expressly agreed that the acceptance of late rent is at Magnolia Trace option and shall not be construed to alter payment schedule set forth above. 5. SECTION 8 or HOUSING ASSISTANT Programs: Your rental payment responsibilities are: $ N/A Therefore your rent and late fee payments follow the above disclosures in the RENT section. 6. SECURITY DEPOSIT: Lessee agrees to the deposit of $1200.00. This deposit, which is non-interest bearing, is to be held by Magnolia Trace's Agent as security for the full and faithful performance of all of the terms and conditions of this lease. This security deposit is not to be considered liquidated damages. In the event of forfeiture of the security deposit due to Lessee's failure to full and faithfully perform all or the terms and conditions of the lease. Magnolia Trace's Agent retains all of his other rights and remedies. Lessee does not have the right to cancel this lease and avoid his obligations thereunder by forfeiting the said security deposit. Lessee shall be entitled to return of the said deposit within 30 days after the premises have been vacated and inspected by Magnolia Trace's Agent provided said lease premises are returned to Magnolia Trace's Agent in as good condition as they were at the time Lessee first occupied same, subject only to normal wear end tear and after all keys am surrendered to Magnolia Trace. Magnolia Trace agrees to deliver the premise broom clean and free of trash at the beginning of this lease and Lessee agrees to return same in like condition at the termination of the lease. It is specifically understood and agreed that the entire security deposit aforesaid shall be automatically forfeited as liquidated damages should lessee vacate or abandon the premises before the expiration of this lease. If any damage to the leased premises or equipment therein, reasonable wear and tear except, caused by Lessee, his family, guests or agents, Lessee agrees to pay Magnolia Trace when billed the full amount necessary to repair or replace the damaged premises or equipment. Deductions will be made from the security deposit to reimburse Magnolia Trace for the cost of repairing any articles or equipment that may be damaged beyond repair, lost or missing at the termination of the lease. Deductions will also be made to cover any unpaid amounts owed to Magnolia Trace for any such damage or loss occurring prior to termination of the lease and for which Lessee has been billed. In the event that such damages or cleaning charges exceed the amount of the security deposit, Lessee agrees to pay all excess cost to Magnolia Trace. In the event there has been a forfeiture of the security deposit, charges for damages and cleaning shall be paid in addition to the amount of the said security deposit. 7. OCCUPANCY: Should Lessee be unable to obtain occupancy on the date of the beginning of the lease due to cause beyond control of Magnolia Trace, this lease shall not be affected, but Lessee shall owe rent beginning only with the day on which he can obtain possession. Should the property be destroyed or materially damaged so as to render it wholly unfit for occupancy by fire or other unforeseen event not due to any fault or neglect by Lessee, then Lessee shall be entitled to secure another apartment without penalty. Lessee shall not be entitled to a reduction of the monthly rent, repayment, or cancellation of this lease because of temporary failure of utilities, heat or air conditioning. Number of OCCUPANTS: the following person's shall occupy the leased premises only: Lessee agrees to pay as additional rental the sum of $75.00 each month for each additional person who shall occupy the premises in any capacity. If the Lessee fails to inform Magnolia Trace of additional people occupying property, the $75.00 per person per month fee will be assessed retroactive to the date commencing this Rental Agreement. 8. SUBLEASE: Lessee is not permitted to post any "For Rent" signs, rent, sublet, or grant use or possession of the leased premises without the written consent of Magnolia Trace s Agent and then only in accordance with this lease. 9. LOCK POLICY: No additional locks will be installed on any door without the written permission from the Magnolia Trace. 10. DEFAULT OR ABANDONMENT: Should the Lessee fail to pay the rent or any other charges arising under this lease promptly as stipulated, should the premises be abandoned (it being agreed that an absence of Lessee from the leased premises for five consecutive days after rentals have become delinquent shall create a conclusive resumption of abandonment) be Lessee or should Lessee begin to move furniture or any substantial portion of Lessee's personal property to the detriment of Magnolia Trace's lien or should voluntary or involuntary bankruptcy proceeding for the benefit of creditors, then in any said events, Lessee shall be ipso facto in default and the rent for the whole of the unexpired term of the lease together with the attorneys fees shall immediately become due. However, Magnolia Trace may proceed one or more times for past due installments without prejudicing his rights to proceed later for die rent for the remaining term or the lease. Similarly, in the event of any such default Magnolia Trace retains the option to cancel the lease and obtain possession of the premises by giving Lessee written notice to vacate the premises in accordance with state law. In the event of such cancellation and eviction, Lessee is obligated to pay any and all rent due and owing through the last day said premises are occupied. If, for any reason, the Tenant vacates this property without proper notice, the full deposit will be forfeited for cleanup. (The lease is still binding). 11. OTHER VIOLATIONS: Should the Lessee at any time violate any of the conditions of this lease, other than the conditions provided for in the immediately preceding paragraphs under the heading "Default and Abandonment" or should the Lessee discontinue the use of the premises for the purpose for which they are rented or fail to maintain a standard of behavior consistent with the consideration necessary to provide reasonable safety, peace and quiet to the other tenants in the area, such as being boisterous or disorderly, creating undue noise, disturbance or nuisance of any nature or kind, engaging in any unlawful or immoral activities, or failure to abide by the rules and regulations as specified below. Lessee shall be ipso facto in default and Magnolia Trace shall have the option to demand the rent for the whole unexpired term of the lease which shall become due and exigible or to immediately cancel this lease and obtain possession of the premises by giving Lessee written notice to vacate the premises in accordance with the provisions of state law. 12. CONDITION OF PREMISES: Magnolia Trace warrants that the leased premises are in good condition. Lessee accepts them in such condition and agrees to keep them in such condition during the term of the lease at his expense and to return them to Magnolia Trace in the same condition at the termination of the lease, normal decay, wear and tear accepted. 13. ADDITIONS AND ALTERATIONS: Neither Magnolia Trace and Lessee shall make any additions or alterations to the premises without written permission of the other. However, Magnolia Trace or his employees shall have the right to enter the premises for the purposes of making repairs necessary to the preservation of the property. Any additions made to the property by the Lessee shall become the property of Magnolia Trace at the termination of this lease unless otherwise stipulated herein. 14. PETS: Pets shall not be allowed. (No Dogs, No Cats, No Pets) 15. INSURANCE / TAXES: Lessee is obligated to put nothing in the leased premises nor to do anything that will would forfeit the insurance, and should any installation made or action taken by Lessee, whether authorized or unauthorized under this lease, increase the rate of insurance on the building or contents, the Lessee is obligated to pay such increased rate of insurance on building and all contents. Should the Lessee's occupancy render the Magnolia Trace unable to secure property insurance, then Lessee hereby grants to Magnolia Trace the option of canceling this lease. Lessee will waive all delays, and agreeing to surrender possession at once, if notified by Magnolia Trace to do so. Lessee is obligated to notify Magnolia Trace or Magnolia Trace's Agent, in writing, any time the leased premises will be unoccupied. And that necessary vacancy permits may be obtained form Magnolia Trace's insurers and failure to comply with this condition will make Lessee liable for any loss or damage sustained by Magnolia Trace. In the event that during the term of this lease, or any renewal hereof, either the real estate taxes or the utility costs, or both, should increase above the amount being paid on the leased premises at the inception of this lease, the Lessee agrees to pay his proportionate share of such. 16. LIABILITY: The Magnolia Trace shall not be liable to Lessee, or to Lessee employees, patrons and visitors, or to any other person for any damage to person or property caused by any act, omission or neglect of Lessee or any other tenant of said demised premises, and Lessee agrees to hold Magnolia Trace harmless from all claim for any such damage, whether the injury occurs on or off of the leased premises. Lessee assumes responsibility for the conditions of the premises. Magnolia Trace will not be responsibility for damage caused by leaks in the roof, by bursting of pipes by freezing or otherwise, air any vices or defects of the leased property, or the consequence thereof, except in the case of positive neglect or failure to take action toward the remedying of such defects and the damage caused thereby. Should Lessee fail to promptly so notify Magnolia Trace, in writing, of any such defects, Lessee will become responsible for any damage resulting to Magnolia Trace or other parties. Lessee should obtain rental insurance to cover their personal property. If any employee of Magnolia Trace renders any other services (such as parking, washing or delivery of automobiles, handling of furniture or other articles, cleaning the rented premises, package delivery, or any other service) for or at the request of resident, his family, employees or guests then, for the purpose of such service, such employees shall be deemed the servant of Lessee, regardless of whether or not payment is arranged for such service, and Lessee agrees to relieve Magnolia Trace and hold Magnolia Trace harmless from any and all liability in connection with such services. 17. SIGNS & ACCESS: Magnolia Trace reserves the right to post on the premises For Sale" or "For Rent signs at all times. Lessee will allow parties authorized by Magnolia Trace to visit the premises at reasonable hours in view of buying the entire term of this lease and in view of renting for 30 days prior to the expiration of this lease. Lessee will also permit Magnolia Trace to have access to the premises for the purpose of inspection at reasonable intervals between the hours of 9:00 am and 6:00 pm. 18. ATTORNEY'S FEES: Lessee further agrees that if an attorney is employed to protect any rights of the Magnolia Trace hereunder, Lessee will pay the fee of such attorney. Such fee is hereby fired at twenty-five (25%) of the amount claimed or a minimum of $300.00 whichever is greater. Lessee further agrees to pay all court costs and sheriff's charges if any. Magnolia Trace and Lessee agree that if an attorney is employed by agent to enforce agents tights hereunder, the party found by a court of law to be liable to agent will pay all of agent's attorney's fees, court costs and sheriff's charges if any. Magnolia Trace and Lessee further agree that if any suit or litigation is brought against agent by the Magnolia Trace and/or Lessee as a result of agent's involvement in the leasing or management of the herein described premises and agent is subsequently found by a court of law to have no liability for any damages, then the party(s) bringing or initiating the suit or litigation against agent will pay all of agent's attorney's fees, court costs and sheriff's charges if any. If it is determined by a court of law that agent has any form of joint liability with Magnolia Trace to Lessee, then Magnolia Trace agrees to pay all of agent's attorney's fees, court costs and sheriff's charges, if any. Magnolia Trace agrees that if any suit or litigation is brought against agent by anyone other than Lessee as a result of agent's involvement in the leasing or management of the herein described premises and agent is subsequently found by a court of law to either have no liability for ay damages or agent is damages, Magnolia Trace will. Pay all of found to have joint liability with Magnolia Trace for agent's attorney's fees, court costs and sheriff's charges if any. 19. OTHER TERMS: The failure of Magnolia Trace to insist upon the strict performance of the terms, covenants, agreements and conditions hereby contained, or any of them, shall not constitute or be construed as a waiver or relinquishment of the Magnolia Trace's right thereafter to enforce any such terms, covenant, agreement and condition, but the same shall continue in full force and effect. It is understood that the terms Magnolia Trace" and "Lessee," are used in this agreement, and they shall include the plural and shall apply to persons, both male and female. All obligations of Lese are several and in solido. This lease, whether or not recorded, shall be junior and subordinate to any mortgage hereafter placed by the Magnolia Trace on the entire property of which the leased premises form a part. In the event that during the term of this lease, or any renewal hereof; either the real estate taxes or the utility costs, or both, should increase above the amount being paid on the leased premises at the inception of this lease, the Lessee agrees to pay his proportionate share of such increase and any successive increases. Such payment or payments by Lessee shall be due monthly as increase rent throughout the remainder of Lessee's occupancy; and all such sums may be withheld from Lessee's security deposit if not filly paid at the time Lessee vacates the premises. A 30-day notice will be given to Lessee before any increase is made. 20. LEAD-BASED PAINT, ASBESTOS, and RADON: Lessee is aware that the premises may contain lead-based paint, asbestos, or other toxins, which may cause serious injury or death if consumed or ingested into the human body. Having knowledge of these facts, Lessee agrees to maintain the premises in a reasonably safe condition, to report to Magnolia Trace any condition which may lead to damage or injury because of lead, asbestos or other toxins, and Lessee further agrees to assume the use and occupancy of the herein leased premises at his own risk and hereby releases Magnolia Trace, his agents and/or representatives from any claims made by Lessee, residents of this household or others using the premises with the consent and permission of Lessee. RULES AND REGULATIONS OTHER CONDITIONS 21. RULES AND REGULATIONS: Lessee acknowledges receipt of a copy of the rules and regulations, which are attached to and form a part of this lease. Lessee agrees to comply with all such rules and regulations and with all reasonable rules and regulations hereafter adopted by the Magnolia Trace and posted in or about the apartment and/or mailed or delivered to Lessee. 22. Tenant agrees to maintain property inside and out. Magnolia Trace's agent has the right to inspect the property at anytime. 23. Lessee is responsible to check (when provided) the smoke alarm regularly and install new batteries as needed. 24. No holes shall be drilled in the walls, woodwork or floors and no antenna installations are permitted. No painting or papering of walls is permitted. 25. No waterbeds. No foil in windows. No hurricane tape allowed staying in windows after danger ceases. 26. No parking on grass or lawn when moving in or out PLEASE! 27. No SMOKING in the apartment 28. No auction, sales, or any sales of furniture, fixtures, etc. shall be conducted on the premises without the written consent of Magnolia Trace or its Agent. 29. SERVICE REQUESTS: If you are in need of maintenance, call our office at between the hours of 9:00 pm and 5:00 pm; for after hours or leave a message. We will attempt to comply with service requests promptly. 30. UTILITIES: Please make sure that you have your cable, phone, electricity placed into your own name. 31. ELECTRIC SERVICE: Any Lessee or guest that tampers with Utility services illegally shall loose their security deposit and be evicted immediately. 32. VISITORS: A temporary visitor is one who inhabits the property for no more than ten (10) days. 33. AUTOMOBILES: All disable automobiles cannot remain on the property or in front of the premises for no more than ten (30) days. 34. GARBAGE DISPOSAL: Please place garbage in proper receptacles. Do not leave trash lying around your property. You are responsible for maintaining the exterior of your property; this means no trash lying around on the grounds of the sides, front or rear of your property. Tenants should not throw trash in or on the property. A $50.00 fee will be asset if trash is found around the Lessees premises. 35. BATHROOM FIXTURES/WASHER/DRYER: Do not throw trash in your commodes. If the plumber is called out and the cause is due to articles in the line that should not have been put into the commode the resident will be charged for the call and repair. Only use your commode for the purpose intended. You are also responsible for tub overflows. If flooding occurs because of careless overflowing of the tub you will be responsible for the water damages. When moving out is sure that faucets are turned off completely at disconnect. (You will be responsible for any damages due to neglect) 36. PAINT: This property was built before 1965 and may or may not have lead base paint. 37. Heating: The Magnolia Trace has not nor will not install space heater on the premises. 38. CONDUCT: Any acts of abusive behavior whether verbal or physical by you or your guest or invitees shall be grounds for terminations of this rental agreement and will entitle Magnolia Trace to exercise all of its rights and remedies for default. 39. Combustible Materials and Heaters: No goods or materials of any kind or description which are combustible or would increase fire risk shall be kept or stored in the apartment, nor on premises; this includes gas, kerosene or electrical heaters other than your built-in heating system. 40. WATER SERVICE: Water is meter and billing will be submitted for payment monthly 41. RELEASE CLAUSE: Magnolia Trace has the right to terminate this Lease. By signing this document, you are indicating that you have read and understand the terms of this lease. Signed XXXXXXXXX At Atlanta, Georgia _____________________________ XXXXXXXXX AGENT FOR MAGNOLIA TRACE DATE: September 1, 2025 XXXXXXXXX ____________________________ XXXXXXX LESSEE Lessee is not permitted to post any "For Rent" signs, rent, sublet, or grant use or possession of the leased premises without the written consent of Magnolia Trace's Agent and then only in accordance with this lease. Lessee cannot move anyone into this apartment on a permanent without paying an additional Rent Sur-Charge of $75.00.