This document outlines the terms and conditions for a rental agreement between John Doe and Jane Smith for the property located at 123 Main St. It specifies the monthly rental rate of $1,000 due on the 1st of each month, the security deposit of $500, and responsibilities of landlord and tenant for repairs and maintenance. The initial lease term is one year beginning January 1st and either party must give 30 days notice if they do not wish to renew.
