1. PREMISES Landlord hereby leases to Tenant the residential dwelling located at: 405 Parksley Ave., Baltimore, MD 21223 (Premises") The Premises shall be occupied only by the Tenant(s) named above. Subleasing or assignment is prohibited without prior written consent of Landlord. 2. TERM The term of this Lease shall be for twelve (12) months, beginning on: ____________________ and ending on ____________________ Any holdover after expiration shall convert to a month-to-month tenancy, subject to all terms herein and proper notice under Maryland law. 3. RENT Tenant agrees to pay rent in the amount of $1,500.00 per month, due in full on the 1st day of each month. Rent will increase by $60 each year after. Rent shall be paid in a form acceptable to Landlord. The first two months' rent must be paid prior to or on the move-in date. 4. LATE FEES If rent is not received by the 5th day after the due date, Tenant agrees to pay a late fee of $50.00, as permitted by Maryland law. 5. SECURITY DEPOSIT A $1000.00 security deposit is required under this Lease. 6. UTILITIES Tenant shall be responsible for all utilities and services for the Premises, including but not limited to: Water Electric Gas / heating fuel Trash and sewer Failure to maintain utilities may constitute a breach of this Lease. 7. APPLIANCES Landlord provides the following appliances: Stove Refrigerator Microwave Washing Machine Dryer Air Conditioning unit(s) Tenant shall be responsible for damage caused by misuse, neglect, or negligence. 8. MAINTENANCE AND REPAIRS Tenant agrees to: Maintain the Premises in a clean and sanitary condition - maintaining front/back lawn Properly dispose of trash Use plumbing, electrical, heating, and appliances in a safe and reasonable manner Promptly notify Landlord of any needed repairs Tenant shall be responsible for damage caused by Tenant, occupants, or guests. Landlord shall be responsible for repairs required by Maryland habitability laws, unless damage is caused by Tenant. 9. INSURANCE Tenant shall obtain and maintain renter's insurance for personal property and liability coverage and provide proof of coverage within seven (7) days of lease execution. 10. CONDUCT AND COMPLIANCE Tenant agrees to: Conduct themselves and guests in a lawful and non-disturbing manner Comply with all applicable housing, health, and safety codes Avoid any activity that may damage the Premises or violate the law 11. ENTRY BY LANDLORD Landlord/Property managers may enter the Premises with reasonable notice for inspection, repairs, maintenance, or showing the property, except in emergencies where immediate access is permitted. 12. TERMINATION & NOTICE At the conclusion of the lease term, either party must provide at least thirty (30) days' written notice to terminate or renew the Lease. 13. SHOWING OF PREMISES Upon notice of termination, Tenant agrees to allow reasonable access for the purpose of showing the Premises to prospective tenants. 14. REAL ESTATE COMMISSION (IF APPLICABLE) Any real estate commission earned is non-refundable and payable in full upon execution of this Lease. 15. ENTIRE AGREEMENT This Lease constitutes the entire agreement between the parties. Any modifications must be in writing and signed by both Landlord and Tenant. 16. GOVERNING LAW This Lease shall be governed by the laws of the State of Maryland. 17. ACKNOWLEDGMENT Tenant acknowledges receipt of a copy of this Lease and agrees to all terms and conditions stated herein.
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