Enjoy an open kitchen with bright, natural lighting and modern cabinets or relax in front of the fireplace with this gorgeous floorplan. Downstairs guest room and full bathroom for convenience and privacy. A covered patio that is great for entertaining guests or enjoying the outdoors. Upstairs opens to a HUGE loft area with 2 additional bedrooms and an unforgettable owner's suite with a large walk-in closet! Beautiful community in a convenient, up and coming location! # **RESIDENTIAL LEASE AGREEMENT** **Property Address 431 W Ravano Dr, Clayton, NC 27527 This Lease Agreement ("Agreement") is made and entered into on this ___ day of ________ 20 by and between: **Landlord ___________________________________ **Phone/Email ________________________________ **Tenant(s) ___________________________________ **Phone/Email ________________________________ 1. **TERM** The Lease shall commence on _____________ 20 and end on _____________ 20 for a total term of **12 months unless otherwise terminated in accordance with this Agreement. 2. **RENT** Tenant agrees to pay a monthly rent of 2,500.00 (Two Thousand Five Hundred Dollars)**. Rent is due on the **first day of each month**. 3. **SECURITY DEPOSIT** A **security deposit** equal to **one month's rent ($2,500.00)** shall be paid at the time of signing. This deposit shall be held by Landlord and may be applied to damages, unpaid rent, or other charges under this Agreement, in accordance with **North Carolina law**. 4. **PAYMENT DUE AT SIGNING** Tenant shall pay the following upon execution of this Lease: * **First Month's Rent $2,500.00 * **Security Deposit $2,500.00 * **Total Due at Signing $5,000.00 5. **EARLY TERMINATION** Tenant may terminate this Lease before the end of the 12-month term by providing **written notice** and paying an early termination fee equal to **three (3) months' rent ($7,500.00)** in advance. This fee does not relieve the Tenant of liability for damages, unpaid utilities, or cleaning costs. 6. **UTILITIES** Tenant shall be responsible for payment of all utilities and services for the Property, including but not limited to water, electricity, gas, internet, and trash removal. 7. **NO PETS** **No pets** are allowed on the Property at any time without written permission from the Landlord. A violation of this provision is grounds for eviction and may result in forfeiture of the security deposit. 8. **NO SMOKING** **Smoking of any kind** (including tobacco, vaping, or marijuana) is **strictly prohibited** anywhere inside the home, garage, or any enclosed part of the Property. Smoking outside must be done at a reasonable distance from the residence and in compliance with fire safety regulations. Violation may result in termination of this Lease and forfeiture of deposit for odor or damage remediation. 9. **RENTER'S INSURANCE** Tenant is **required** to obtain and maintain **renter's insurance** for the duration of this Lease. Proof of coverage (naming the Landlord as an interested party) must be provided prior to move-in. The policy must cover personal belongings and liability protection. 10. **USE OF PREMISES** The Property shall be used exclusively as a private residence. No business, illegal activities, or disruptive behavior is allowed. Tenant agrees to comply with all laws, HOA rules (if applicable), and municipal regulations. 11. **MAINTENANCE AND REPAIRS** Tenant shall keep the Property in clean, safe, and sanitary condition. Tenant is responsible for damages caused by their negligence or abuse. Landlord will be responsible for non-Tenant-caused repairs to plumbing, heating, and structural systems. 12. **INSPECTIONS** Landlord may enter the Property for inspection, repairs, or to show to prospective tenants or buyers with **at least 24-hour notice except in emergencies. 13. **GOVERNING LAW** This Lease shall be governed by and construed in accordance with the laws of the **State of North Carolina**. 14. **ENTIRE AGREEMENT** This Lease constitutes the entire agreement between the parties. No oral statements or prior written material not specifically included shall be considered part of this Agreement. **SIGNATURES** **Landlord Signature ___________________________ Date: _______________ **Tenant Signature(s) __________________________ Date: _______________
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