Property Rental Proposal
Property Rental Proposal
I. Property Overview
This proposal presents an opportunity to lease a fully renovated residential property located in a prime neighborhood, offering both convenience and comfort. The property has been updated with modern amenities to meet the needs of today’s tenants while retaining its original charm.
Property Address: Austin, TX 73301
Property Type: Residential – Single-Family Home
Size: 2,500 Sq. Ft.
Bedrooms: 4
Bathrooms: 3
II. Rental Terms and Conditions
The proposed rental agreement is designed to establish a mutually beneficial relationship between both the landlord and tenant. The following terms will apply to the lease:
Lease Start Date: January 1, 2050
Lease End Date: January 1, 2052
Monthly Rent: $2,500
Security Deposit: $5,000
Late Payment Fee: $100 per day after the 5th of each month
Rent Payment Due Date: 1st of each month
III. Property Amenities and Features
This property is equipped with several high-end amenities that make it a great place to live. Some of the standout features include:
-
Central Heating & Air Conditioning
-
Fully Equipped Kitchen with stainless steel appliances
-
Washer and Dryer located in the basement
-
Two-Car Garage with electric doors
-
Private Backyard with a deck and garden area
-
Smart Home Features including security cameras, thermostat, and lighting
IV. Tenant Responsibilities
As a tenant, you are expected to uphold certain responsibilities to ensure the smooth maintenance and usage of the property. These include:
-
Timely payment of rent
-
Regular maintenance of the lawn and garden
-
Reporting any damage or issues within 48 hours
-
Ensuring that all utilities (water, electricity, etc.) are paid directly to the respective providers
-
Maintaining the property in good condition throughout the lease term
V. Landlord Responsibilities
As the landlord, I will be responsible for the following:
-
Ensuring the property is in a habitable and safe condition at the start of the lease
-
Performing major repairs and maintenance (e.g., plumbing, roofing)
-
Paying for property taxes and homeowners’ insurance
-
Providing 24/7 emergency maintenance support for critical issues
VI. Rent Increases and Lease Renewal
Rent increases may occur based on market conditions and will be clearly communicated in writing at least 60 days before any changes. At the end of the lease term, both parties may negotiate a lease renewal if desired.
Notice Period for Rent Increase: 60 Days
Notice Period for Lease Renewal: 60 Days
VII. Additional Terms and Conditions
Certain additional clauses are included in the rental proposal for clarity and mutual understanding:
-
Pet Policy: Pets are allowed with a non-refundable deposit of $300.
-
Subleasing: Subleasing is not permitted unless approved by the landlord in writing.
-
Smoking: Smoking is prohibited inside the property, but permitted in designated outdoor areas.
VIII. Conclusion and Next Steps
This proposal provides a comprehensive overview of the terms for renting the property at Austin, TX 73301. If these terms are acceptable, we can proceed with a formal lease agreement. Please review the proposal and contact me to schedule a meeting for further discussion.
Prepared by: [YOUR NAME]
Email: [YOUR EMAIL]
