This property is situated within a recently developed neighborhood, offering a serene and peaceful environment. Conveniently located, residents can easily access various amenities on foot or by car. The renowned Bowie Town Center is just a few minutes' drive away, providing a range of shopping, dining, and entertainment options. Additionally, all utilities, including electricity, gas, water, and Wi-Fi, are included in the rental package, ensuring a hassle-free living experience. 1. Property. Landlord, in consideration of the lease payments provided in this Agreement, leases to Tenant a single room, described below, Bowie, MD, Maryland 20716 (the "Property"). No other portion of the building wherein the Property is located is included unless expressly provided for in this Agreement. Room description: private Room 2. Term. This Agreement will begin on (the "Start Date"), and will continue from that date as a month-to-month tenancy. If at any time Tenant desires to terminate the tenancy, Tenant may do so by providing to Landlord written notice of intention to terminate. Such notice to terminate must be provided to Landlord at least 30 days prior to the desired date of termination of the tenancy. Landlord may terminate the tenancy by giving written notice as provided by law. Tenant will vacate the Property upon termination of the Agreement, unless: (i) Landlord and Tenant have extended this Agreement in writing or signed a new agreement; (ii) mandated by local rent control law; or (iii) Landlord accepts Rent from Tenant (other than past due Rent), in which case a month-to-month tenancy will be created which either party may terminate as specified above. All other terms and conditions of this Agreement will remain in full force and effect. 3. Management. The Tenant is hereby notified that Kunle Akinfeleye is the property manager of the Property. Should the Tenant have any issues or concerns, the Tenant may contact Landlord 4. Rent. Tenant will pay to Landlord rent in the amount of $1,400.00 (the "Rent"), payable in advance on the 1st day of each month, and is delinquent on the next day. If that day falls on a weekend or legal holiday, the rent is due on the next business day. There will be no rent increases through the initial term of the lease. Landlord may increase the rent that will be paid during any month-to-month renewal period by providing at least 30 days written notice to Tenant. Payments should be sent to: Payment address: at such other place as Landlord may designate from time to time. Payments can be made by using one of the following methods of payment: Acceptable forms of payment: - Personal check - Cash - Direct deposit - Paypal Tenant agrees to submit rent payments by one of the methods above. In the event of roommates, or another form of joint or multiple occupancy, Tenant will be responsible for collecting payment from all parties and submitting a single payment to Landlord. Tenant is responsible for any payment made by mail and not received by the due date stated herein. Mailed payments must be received on or before the due date. Rent payments for any partial month will be pro-rated at the rate of 1/30th of the monthly rent payment per day. 5. Non-Sufficient Funds. Tenant will be charged a monetary fee of $25.00 as reimbursement of the expenses incurred by Landlord for each check that is returned to Landlord for lack of sufficient funds. In addition, a check returned due to insufficient funds will be subject to any and all late payments provisions included in this Agreement (if any). All charges will be immediately due from Tenant and failure to make immediate payment will constitute a default under the terms of this Agreement. Landlord reserves the right to demand future payments by cashier's check, money order or certified funds on all future payments in the event of a check returned for insufficient funds. Nothing in this paragraph limits other remedies available to the Landlord as a payee of a dishonored check. Landlord and Tenant agree that three (3) returned checks in any 12 month period constitutes frequent return of checks due to insufficient funds and may be considered a just cause for eviction. 6. Late Payments. In the event that any payment required to be paid hereunder by Tenant is not made within 5 days of when due, Tenant will pay to Landlord, in addition to such payment or other charges due hereunder, a "late fee" in the amount of $60.00. In accordance with state law (Section 8-208(d)(3)(i) of the Real Property Article of the Maryland Annotated Code), Landlord will not charge a late fee in excess of five percent (5%) of the rent due for the period in which rent was paid late. 7. Failure to Pay. Tenant is hereby notified that a negative credit report reflecting on Tenant's credit history may be submitted to a credit reporting agency if Tenant fails to fulfill the terms of their credit obligations, such as their financial obligations under the terms of this Agreement.
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