PROPERTY DESCRIPTION The Landlord hereby leases to the Tenant the residential property located at: 3603 Prescott Loop, Lakeland, Florida 33810 The property is a spacious single-family home located in a central and convenient area of Lakeland, with close proximity to shopping centers, movie theaters, and a variety of restaurants. The neighborhood is quiet and suitable for comfortable residential living. Property Features: 4 bedrooms and 3 bathrooms Separate private office room Open-concept floor plan with a large, airy living space High ceilings providing a bright and spacious atmosphere Large backyard, suitable for outdoor activities and relaxation Three (3) car garage Ample parking space available The property is well-designed with a modern, open layout that offers both comfort and functionality, making it ideal for families or tenants seeking a spacious and peaceful living environment. The Tenant acknowledges that the property is accepted in its current condition unless otherwise noted in a written move-in inspection report. LEASE TERMS AND CONDITIONS 1. Lease Term and Type The Lease may be either: A fixed-term lease (e.g., 12 months), where the Tenant is committed for the full term, or A month-to-month lease, which is more flexible but may allow rent changes. The Lease will specify: Start and end dates Renewal terms (automatic or not) Any early termination fees 2. Rent and Security Deposit The security deposit is equal to one (1) month's rent and must be paid before move-in. Rent is due on the 1st day of each month. A grace period of three (3) days is allowed. Rent not received by the 4th day is considered late. Failure to pay within the grace period is considered a default. If rent remains unpaid for more than 30 days, the Landlord may terminate the Lease, in accordance with applicable law. The Lease will also specify: Accepted payment methods Late fees (if any) Rules for rent increases and required notice 3. Security Deposit Conditions The Lease will clearly state: When and how the deposit is returned What deductions are allowed (damage beyond normal wear and tear) The timeline for return after move-out 4. Maintenance and Repairs Landlord: responsible for major repairs (structure, plumbing, systems) Tenant: responsible for basic upkeep (cleaning, minor items) The Lease will include: How to request repairs Emergency procedures 5. Rules and Restrictions The Lease will outline rules regarding: Pets (fees and limits) Guests and length of stay Noise, smoking, and parking Building or HOA rules 6. Utilities and Additional Costs The Lease will specify: What utilities are included (e.g., water, trash, internet) What the Tenant must pay separately Any additional fees (parking, amenities, maintenance) 7. Move-Out Terms Tenant must give advance notice (typically 30 60 days) Cleaning requirements must be met Conditions to avoid losing the deposit will be defined 8. Legal Provisions The Lease will address: Subletting rules Early termination Landlord's right of entry Responsibility for damages or injuries 9. Compliance with Law All Lease terms must follow applicable laws. For example, in Florida: Landlord must give notice before entering Security deposit handling is regulated Illegal lease terms are not enforceable
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