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, 2023 and the agreement will automatically renew for successive one-month periods unless otherwise terminated.
