309B S Bay Dr #B, Ocean City, MD 21842

Coming soon year around rental The lease will begin on may 1, 2025, and end on April 31, 2026, unless extended by mutual agreement or terminated earlier as per the terms outlined in this agreement. The Tenant agrees to pay a monthly rent of $2,700, due on the 1st of each month. If rent is not paid within 5 days after the due date, a late fee of $100 will be charged. After 10 days, the late fee increases to $200, and further legal action may be pursued if payment is not received. Rent includes water and garbage collection. The Tenant is responsible for paying electricity, internet, and cable bills directly to the respective service providers. At least 60 days before the end of the lease term, the Tenant or Landlord must notify the other party of the intent to renew. The lease may be renewed for another 12-month period at a rent increase of 5%, subject to negotiation. The Landlord may enter the leased premises to inspect the property, make repairs, or show the property to prospective tenants with 24 hours' written notice, except in cases of emergency The Tenant may not sublet the property or assign the lease to another party without prior written consent from the Landlord. Unauthorized subletting will be grounds for immediate termination of the lease. Either party may terminate the lease with 30 days' written notice before the lease's expiration. If the Tenant breaks the lease early without cause, they will forfeit the security deposit and may be held responsible for the remaining rent due under the lease.