TEXAS RESIDENTIAL LEASE AGREEMENT 283 GABBRO

1.

PARTIES. The parties to this lease are:

Landlord: Tirios Propco Series LLC – 283 Gabbro; Tenant(s):

WHEREAS, the Landlord desires to lease the Property defined herein under the terms and conditions as set forth herein; and

WHEREAS, the Tenant(s) desires to lease the Property defined herein from the Landlord under the terms and conditions set forth herein.

NOW THEREFORE, for and in consideration of the covenants and obligations contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree to the terms in this Agreement.

2.

PROPERTY. The Landlord owns property and improvements located at

▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇(hereinafter referred to as the "Property").

3.

LEASE TERM.

A.

The primary term of this lease begins and ends as follows:

Commencement Date: February 9, 2024

Expiration Date: January 31, 2025

▇.

▇▇▇▇▇ of Occupancy: Tenant must be able to occupy the Property within 5 days after the Commencement Date. If ▇▇▇▇▇▇ is unable to occupy the Property by the 5th day after the Commencement Date because of construction on the Property or a prior tenant’s holding over of the Property, Tenant may terminate this lease by giving written notice to Landlord before the Property becomes available to be occupied by ▇▇▇▇▇▇, and Landlord will refund to Tenant the security deposit and any rent paid. ▇▇▇▇▇▇▇▇ will ▇▇▇▇▇ rent on a daily basis for a delay caused by construction or a prior tenant’s holding over. This paragraph does not apply to any delay in occupancy caused by cleaning, repairs, or make-ready items.

4.

AUTOMATIC RENEWAL AND NOTICE OF TERMINATION:

A.

This lease automatically renews on a month to-month basis unless Landlord or Tenant provides the other party written notice of termination 30 days before the Expiration Date. Oral notice of termination is not sufficient under any circumstances. Time is of the essence for providing notice of termination (strict compliance with dates by which notice must be provided is required). The date on which rent is due does not apply to the requirement for providing written notice of termination.

If Landlord or Tenant fails to provide the other party timely written notice of termination as required by paragraph 4A, the lease automatically renews on a month-to-month basis. The Landlord or Tenant then must provide a subsequent written notice of termination as required by paragraph 4B.

B.

If this lease automatically renews on a month-to-month basis, it will continue to renew on a month-to month basis until either party provides written notice of termination to the other party and the notice of termination will be effective on the date designated in the notice but not sooner than 30 days after the notice is given and, if necessary, rent will be prorated on a daily basis.

5.

RENT.

A.

Monthly Rent - The Tenant shall pay to Landlord the sum of $1,725.00 per month (hereinafter referred to as “Rent”) for the duration of the Term of the Lease, plus Pet Fee of $50 per month, for a total of $1,775 per month. The Rent shall be payable on or before every 5th calendar day of the month (hereinafter referred to as the “Due Date”), notwithstanding that the said date falls on a weekend or holiday. Tenant must pay all rent timely and without demand, deduction, or offset, except as permitted by law or this lease.

Rent Increases. The Rent payable shall not be increased or otherwise modified during the Term of this Lease. Any increase in Rent shall only take effect after the expiration of the Term provided in this Lease. Any increase in Rent to take effect upon renewal, extension or month- to-month renewal of the Term of this Lease must be preceded by a 30-day notice of the same from the Landlord to the Tenant.

6.

Late Deposit or Rent. If the Deposit or Rent is not paid within 5 days of the Due Date, the amount shall be considered past due and a late fee of $100.00 shall be applied for every occurrence the amount is late. Notice: §92.019, Property Code prohibits assessing a late fee until rent has remained unpaid for at least two full days after the date on which the rent is due.

7.

Returned Checks. In the event that a check intended as payment for Rent is dishonored for whatever reason, the same shall be considered as Late Rent with the late fee being payable on the same.

8.

Application of payments. Regardless of any notation on a payment, Landlord may apply funds received from Tenant first to any non-rent obligations of Tenant, including but not limited to, late charges, returned payment charges, repairs, brokerage fees, periodic utilities, pet charges, and then to rent.

9.

PETS.

A.

Unless the parties agree otherwise in writing, Tenant may not permit, even temporarily, any pet on the Property (including but not limited to any mammal, reptile, bird, fish, rodent, or insect).

Tenant, hereby, have permission for one Italian Greyhound dog.

B.

If Tenant violates this Paragraph 9 or any agreement to keep a pet on the Property, Landlord may take all or any of the following action:

(1)

declare Tenant to be in default of this lease and exercise Landlord’s remedies under Paragraph 27;

(2)

charge Tenant, as additional rent, an initial amount of $500 and $50 per day thereafter per pet for each day Tenant violates the pet restrictions;

(3)

remove or cause to be removed any unauthorized pet and deliver it to appropriate local authorities by providing at least 24-hour written notice to Tenant of Landlord’s intention to remove the unauthorized pet; and

(4)

charge to Tenant the Landlord’s cost to:

(a) remove any unauthorized pet;

(b) exterminate the Property for fleas and other insects;

(c) clean and deodorize the Property’s carpets and drapes; and

(d) repair any damage to the Property caused by the unauthorized pet.

C.

When taking any action under Paragraph 9B Landlord will not be liable for any harm, injury, death, or sickness to any pet.

10.

SECURITY DEPOSIT.

A.

Security Deposit: On or before execution of this lease, Tenant will pay a security deposit to Landlord in the amount of $2,500 plus $0 for refundable pet deposit for the total of $2,500. “Security deposit” has the meaning assigned to that term in §92.102, Property Code. Any additional deposits Tenant pays to Landlord, other than the security deposit, will become part of the security deposit. Tenant will pay the Security Deposit on or before January 29, 2024.

B.

Interest: No interest or income will be paid to Tenant on the security deposit. Landlord may place the security deposit in an interest-bearing or income-producing account and any interest or income earned will be paid to Landlord or Landlord’s representative.

C.

Refund: Tenant must give Landlord at least thirty (30) days written notice of surrender before Landlord is obligated to account for or refund the security deposit. Any refund of the security deposit will be made payable to all Tenants named in this lease.

D.

Deductions:

(1)

Landlord may deduct reasonable charges from the security deposit for:

(a) damages to the Property, excluding normal wear and tear, and all reasonable costs associated to repair the Property;

(b) costs for which Tenant is responsible to clean, deodorize, exterminate, and maintain the Property;

(c) unpaid or accelerated rent;

(d) unpaid late charges;

(e) unpaid utilities and utility expenses Landlord incurs to maintain utilities to the Property as required by this Lease;

(f) unpaid pet charges;

(g) replacing unreturned keys, garage door openers, security devices, or other components;

(h) the removal of unauthorized locks or fixtures installed by Tenant;

(i) Landlord’s cost to access the Property if made inaccessible by Tenant;

(j) missing or burned-out light bulbs and fluorescent tubes (at the same location and of the same type and quality that are in the Property on the Commencement Date);

(k) packing, removing, and storing abandoned property;

(l) removing abandoned or illegally parked vehicles;

(m) costs of reletting (as defined in Paragraph 27), if Tenant is in default;

(n) attorney’s fees, costs of court, costs of service, and other reasonable costs incurred in any legal proceeding against Tenant;

(o) mailing costs associated with sending notices to Tenant for any violations of this lease;

(p) any other unpaid charges or fees or other items for which Tenant is responsible under this lease;

(q) cost to restore walls, flooring, landscaping or any alteration to the Property not approved in writing by Landlord;

(r) damages to the Property caused by smoking, including but not limited to stains, ▇▇▇▇▇, odors, and removal of debris; and

(s) costs to rekey certain security devices, as provided in Paragraph 19.

If deductions exceed the security deposit, Tenant will pay to Landlord the excess within 10 days after ▇▇▇▇▇▇▇▇ makes written demand.

Notices about Security Deposits:

(1)

§92.108, Property Code provides that a tenant may not withhold payment of any portion of the last month’s rent on grounds that the security deposit is security for unpaid rent.

(2)

Bad faith violations of §92.108 may subject a tenant to liability up to 3 times the rent wrongfully withheld and the landlord’s reasonable attorney’s fees.

(3)

The Property Code does not obligate a landlord to return or account for the security deposit until the tenant surrenders the Property and gives the landlord a written statement of the tenant’s forwarding address, after which the landlord has 30 days in which to account.

(4)

“Surrender” is defined in Paragraph 16 of this lease.

(5)

One may view the Texas Property Code at the Texas Legislature’s website which, as of the date shown in the lower left-hand corner of this form, is ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇▇▇.▇▇▇▇▇.▇▇.▇▇/

11.

UTILITIES:

A.

Tenant will pay all connection fees, service fees, usage fees, and all other costs and fees for all utilities to the Property (for example, electricity, gas, water, wastewater, garbage, telephone, alarm monitoring systems, cable, and Internet connections) except the following which Landlord will pay:

Homeowner Association Dues, Property Taxes.

B.

Unless provided by Landlord, Tenant must, at a minimum, keep the following utilities on, if available, at all times this lease is in effect: gas; electricity; water; wastewater; and garbage services.

Notice: Before signing this lease, Tenant should determine if all necessary utilities are available to the Property and are adequate for Tenant’s use.

12.

USE AND OCCUPANCY:

A.

Occupants: Tenant may use the Property as a private residence only. The only persons Tenant may permit to reside on the Property during the term of this lease are (include names and ages of all occupants above 18 years of age):

B.

Phone Numbers and E-mail: Tenant must promptly inform Landlord of any changes in Tenant's phone numbers (home, work, and mobile) and e-mail not later than 5 days after a change.

C.

HOA Rules: Tenant must comply with any owners’ association rules or restrictive covenants affecting the Property. Tenant will reimburse Landlord for any fines or other charges assessed against Landlord for violations by Tenant of any owners’ association rule or restrictive covenant, and any resulting administrative fees assessed by Landlord’s agents or any other entity as provided by law.

D.

Prohibitions: Unless otherwise authorized by this lease, Tenant may not install or permit any of the following on the Property, even temporarily: a spa, hot tub, above-ground pool, trampoline, or any item which causes a suspension or cancellation of insurance coverage or an increase in insurance premiums. Tenant may not permit any part of the Property to be used for: (1) any activity which is a nuisance, offensive, noisy, or dangerous; (2) the repair of any vehicle; (3) any business of any type, including but not limited to child care; (4) any activity which violates any zoning ordinance, owners’ association rule, or restrictive covenant; (5) any illegal or unlawful activity; or (6) activity that obstructs, interferes with, or infringes on the rights of other persons near the Property.

E.

Guests: Tenant may not permit any guest to stay on the Property longer the amount of time permitted by any owners’ association rule or restrictive covenant or days without Landlord's written permission, whichever is less.

F.

Common Areas: Landlord is not obligated to pay any non-mandatory or user fees for Tenant’s use of any common areas or facilities (for example, pool or tennis courts).

13.

PARKING RULES: Tenant may not permit more than vehicles, including but not limited to automobiles, trucks, recreational vehicles, trailers, motorcycles, all-terrain vehicles, jet skis, and boats, on the Property unless authorized by Landlord in writing. Tenant may not park or permit any person to park any vehicles in the yard. Tenant may permit vehicles to be parked only in drives, garages, designated common parking areas, or in the street if not prohibited by law or an owners’ association. Tenant may not store or permit any person to store any vehicles on or adjacent to the Property or on the street in front of the Property. In accordance with applicable state and local laws, Landlord may have towed, at Tenant’s expense: (a) any inoperative vehicle on or adjacent to the Property; (b) any vehicle parked in violation of this paragraph or any additional parking rules made part of this lease; or (c) any vehicle parked in violation of any law, local ordinance, or owners’ association rule. Tenant must promptly inform Landlord of any changes in Tenant's vehicle information (type, year, make, model, and license plate number including state) not later than 5 days after a change.

14.

ACCESS BY LANDLORD:

A.

Advertising: Landlord may prominently display a "For Sale" or "For Lease" or similarly worded sign on the Property during the term of this lease or any renewal period. Landlord or Landlord’s contractor may take interior or exterior photographs or images of the Property and use the photographs or images in any advertisements to lease or sell the Property.

B.

Access: Before accessing the Property, Landlord or anyone authorized by Landlord will attempt to first contact Tenant, but may enter the Property at reasonable times without notice to make repairs or to show the Property to prospective tenants or buyers, inspectors, fire marshals, lenders, appraisers, or insurance agents. Additionally, Landlord or anyone authorized by Landlord may peacefully enter the Property at reasonable times without first attempting to contact Tenant and without notice to: (1) survey or review the Property’s condition and take photographs to document the condition; (2) make emergency repairs; (3) exercise a contractual or statutory lien; (4) leave written notices; or (5) seize nonexempt property if Tenant is in default.

C.

Trip Charges: If Landlord or Landlord’s agents have made prior arrangements with Tenant to access the Property and are denied or are not able to access the Property because of Tenant’s failure to make the Property accessible (including, but not limited to, any occupant, guest or invitee of Tenant, pet, or security device prohibiting access to any area of the Property), Landlord may charge Tenant a trip charge of $100.00.

D.

Keybox: A keybox is a locked container placed on the Property holding a key to the Property. The keybox is opened by a special combination, key, or programmed access device so that persons with the access device may enter the Property, even in Tenant’s absence. The keybox is a convenience but involves risk (such as unauthorized entry, theft, property damage, or personal injury). Neither the Association of REALTORS® nor MLS requires the use of a keybox.

(1)

Tenant authorizes Landlord, ▇▇▇▇▇▇▇▇’s property manager, and ▇▇▇▇▇▇▇▇’s broker to place on the Property a keybox containing a key to the Property:

(a) during the last 15 days of this lease or any renewal or extension; and

(b) at any time Landlord lists the Property for sale with a Texas licensed broker.

(2)

Tenant may withdraw ▇▇▇▇▇▇’s authorization to place a keybox on the Property by providing written notice to Landlord and paying Landlord a fee of $2,000 as consideration for the withdrawal. Landlord will remove the keybox within a reasonable time after receipt of the notice of withdrawal and payment of the required fee. Removal of the keybox does not alleviate Tenant’s obligation to make the Property available for showings as indicated in Paragraph 14B.

(3)

If Landlord or Landlord’s agents are denied or are not able to access the Property after first attempting to contact ▇▇▇▇▇▇, Landlord may charge Tenant a trip charge as provided in Paragraph 14C.

(4)

Landlord, the property manager, and ▇▇▇▇▇▇▇▇’s broker are not responsible to Tenant, ▇▇▇▇▇▇’s guests, family, or occupants for any damages, injuries, or losses arising from use of the keybox unless caused by Landlord, the property manager, or ▇▇▇▇▇▇▇▇’s broker.

15.

MOVE-IN CONDITION:

Landlord makes no express or implied warranties as to the Property’s condition. ▇▇▇▇▇▇ has inspected the Property and accepts it AS-IS provided that Landlord.

Tenant will complete an Inventory and Condition Form, noting any damages to the Property, and deliver it to Landlord within 5 days after the Commencement Date. If Tenant fails to timely deliver the Inventory and Condition Form, the Property will be deemed to be free of damages, unless otherwise expressed in this lease. The Inventory and Condition Form is not a request for repairs. Tenant must direct all requests for repairs in compliance with Paragraph 18.

16.

MOVE-OUT:

A.

Move-Out Condition: When this lease ends, ▇▇▇▇▇▇ will surrender the Property in the same condition as when received, normal wear and tear excepted. Tenant will leave the Property in a clean condition free of all trash, debris, and any personal property. Tenant may not abandon the Property.

B.

Definitions:

1.

“Normal wear and tear” means deterioration that occurs without negligence, carelessness, accident, or abuse.

2.

“Surrender” occurs when all occupants have vacated the Property, in Landlord’s reasonable judgment, and one of the following events occurs:

(a) the date Tenant specifies as the move-out or termination date in a written notice to Landlord has passed; or

(b) Tenant returns keys and access devices that Landlord provided to Tenant under this lease.

3.

“Abandonment” occurs when all of the following occur:

(a) all occupants have vacated the Property, in Landlord’s reasonable judgment;

(b) Tenant is in breach of this lease by not timely paying rent; and

(c) ▇▇▇▇▇▇▇▇ has delivered written notice to Tenant, by affixing it to the inside of the main entry door or if the Landlord is prevented from entering the Property by affixing it to the outside of the main entry door, stating that ▇▇▇▇▇▇▇▇ considers the Property abandoned, and Tenant fails to respond to the affixed notice by the time required in the notice, which will not be less than 2 days from the date the notice is affixed to the main entry door.

C.

Personal Property Left After Move-Out:

(1)

If ▇▇▇▇▇▇ leaves any personal property in the Property after surrendering or abandoning the Property Landlord may:

(a) dispose of such personal property in the trash or a landfill;

(b) give such personal property to a charitable organization; or

(c) store and sell such personal property by following procedures in §54.045(b)-(e), Property Code.

(2)

Tenant must reimburse Landlord all Landlord’s reasonable costs under Paragraph 16C(1) for packing, removing, storing, and selling the personal property left in the Property after surrender or abandonment.

17.

PROPERTY MAINTENANCE:

A.

▇▇▇▇▇▇'s General Responsibilities: Tenant, at Tenant's expense, must:

(1)

keep the Property clean and sanitary;

(2)

promptly dispose of all garbage in appropriate receptacles;

(3)

supply and change heating and air conditioning filters at least once a month;

(4)

supply and replace all light bulbs, fluorescent tubes, and batteries for smoke alarms, carbon monoxide detectors, garage door openers, ceiling fan remotes, and other devices (of the same type and quality that are in the Property on the Commencement Date);

(5)

maintain appropriate levels of necessary chemicals or matter in any water softener;

(6)

take action to promptly eliminate any dangerous condition on the Property;

(7)

take all necessary precautions to prevent broken water pipes due to freezing or other causes;

(8)

replace any lost or misplaced keys;

(9)

pay any periodic, preventive, or additional extermination costs desired by Tenant, including treatment for bed bugs, unless otherwise required by law;

(10)

remove any standing water;

(11)

know the location and operation of the main water cut-off valve and all electric breakers and how to switch the valve or breakers off at appropriate times to mitigate any potential damage;

(12)

water the foundation of the Property at reasonable and appropriate times; and

(13)

promptly notify Landlord, in writing, of all needed repairs.

B.

Yard Maintenance:

(1)

“Yard” means all lawns, shrubbery, bushes, flowers, gardens, trees, rock or other landscaping, and other foliage on or encroaching on the Property or on any easement appurtenant to the Property, and does not include common areas maintained by an owners’ association.

(2)

“Maintain the yard” means to perform activities such as, but not limited to: (a) mowing, fertilizing, and trimming the yard; (b) controlling pests and weeds in the yard; and (c) removing debris from the yard.

(3)

Unless prohibited by ordinance or other law, Tenant will water the yard at reasonable and appropriate times including but not limited to the specific times.

Other than watering, the yard will be maintained as follows:

Yard will be maintained by Tenant, at ▇▇▇▇▇▇’s expense.

C.

Pool/Spa Maintenance: Any pool or spa on the Property will be maintained according to a Pool/Spa Maintenance Addendum.

D.

Prohibitions: If Tenant installs any fixtures on the Property, authorized or unauthorized, such as additional smoke alarms, additional carbon monoxide detectors, locks, alarm systems, cables, satellite dishes, or other fixtures, such fixtures will become the property of the Landlord. Except as otherwise permitted by law, this lease, or in writing by Landlord, Tenant may not:

(1)

remove any part of the Property or any of Landlord's personal property from the Property;

(2)

remove, change, add, or rekey any lock;

(3)

make holes in the woodwork, floors, or walls, except that a reasonable number of small nails may be used to hang pictures in sheetrock and grooves in paneling;

(4)

permit any water furniture on the Property;

(5)

install additional phone or video cables, outlets, antennas, satellite receivers, or alarm systems;

(6)

alter, replace or remove flooring material, paint, or wallpaper;

(7)

install, change, or remove any: fixture, appliance, or non-real-property item listed in Paragraph 2;

(8)

keep or permit any hazardous material on the Property such as flammable or explosive materials;

(9)

keep or permit any material or item which causes any liability or fire and extended insurance coverage to be suspended or cancelled or any premiums to be increased;

(10)

dispose of any environmentally detrimental substance (for example, motor oil or radiator fluid) on the Property;

(11)

cause or allow any lien to be filed against any portion of the Property; or

(12)

disconnect or intentionally damage any carbon monoxide detector, or otherwise violate any local ordinance requiring a carbon monoxide detector in the Property.

Tenant will be permitted to paint the inside of the Property subject to agreed upon paint color in writing.

E.

Failure to Maintain: If Tenant fails to comply with this Paragraph 17 or any Pool/Spa Maintenance Addendum, Landlord may, in addition to exercising Landlord’s remedies under Paragraph 27, perform whatever action Tenant is obligated to perform and Tenant must immediately reimburse Landlord the reasonable expenses that Landlord incurs plus any administrative fees assessed by Landlord’s agents or any other entity as provided by law.

F.

Smoking: Smoking by Tenant, ▇▇▇▇▇▇’s guests, family, or occupants is not permitted on the Property (including, but not limited to, the garage or outdoor areas of the Property). If smoking is not permitted and does occur on the Property, Tenant will be in default and: (1) Landlord may exercise Landlord’s remedies under Paragraph 27; and (2) Landlord may deduct from the security deposit damages to the Property caused by smoking, including but not limited to stains, ▇▇▇▇▇, odors, and removal of debris.

18.

REPAIRS: (Notice: Subchapter B, Chapter 92, Property Code governs repair obligations).

Repair Requests: All requests for repairs must be in writing and delivered to Landlord. If Tenant is delinquent in rent at the time a repair notice is given, Landlord is not obligated to make the repair. In the event of an emergency related to the condition of the Property that materially affects the physical health or safety of an ordinary tenant, Tenant may call Landlord or, if applicable, the property manager. Ordinarily, a repair to the heating and air conditioning system is not an emergency.

B.

NOTICE: If Landlord fails to repair a condition that materially affects the physical health or safety of an ordinary tenant as required by this lease or the Property Code, Tenant may be entitled to exercise remedies under §92.056 and §92.0561 of the Property Code. If Tenant follows the procedures under those sections, the following remedies may be available to Tenant: (1) terminate the lease and obtain an appropriate refund under §92.056(f); (2) have the condition repaired or remedied according to §92.0561; (3) deduct from the rent the cost of the repair or remedy according to §92.0561; and (4) obtain judicial remedies according to §92.0563. Do not exercise these remedies without consulting an attorney or carefully reviewing the procedures under the applicable sections. The Property Code presumes that 7 days is a reasonable period of time for the Landlord to make a diligent effort to repair a condition unless there are circumstances which establish that a different period of time is appropriate (such as the severity and nature of the condition and the availability of materials, labor, and utilities). Failure to strictly follow the procedures in the applicable sections may cause Tenant to be in default of the lease.

C.

Completion of Repairs:

(1)

Tenant may not repair or cause to be repaired any condition, regardless of the cause, without Landlord’s permission. All decisions regarding repairs, including the completion of any repair, whether to repair or replace the item, and the selection of contractors, will be at Landlord’s sole discretion.

(2)

Landlord is not obligated to complete a repair on a day other than a business day unless required to do so by the Property Code.

D.

Payment of Repair Costs:

(1)

Except as otherwise specified in this lease, Landlord will pay to repair or remedy conditions in the Property in need of repair if Tenant complies with the procedures for requesting repairs as described in this Paragraph 18. This includes, but is not limited to, repairs to the following items not caused by Tenant or Tenant’s negligence:

(a) heating and air conditioning systems;

(b) water heaters; or

(c) water penetration from structural defects.

(2)

Landlord will NOT pay to repair the following items unless caused by ▇▇▇▇▇▇▇▇’s negligence:

(a) conditions caused by Tenant, an Occupant, or any guest or invitee of Tenant;

(b) damage to doors, windows, and screens;

(c) damage from windows or doors left open;

(d) damage from wastewater stoppages caused by foreign or improper objects in lines that exclusively serve the Property;

(e) items that are cosmetic in nature with no impact on the functionality or use of the item; and (f) the following specific items or appliances: n/a.

E.

Trip Charges: If a repair person is unable to access the Property after making arrangements with ▇▇▇▇▇▇ to complete the repair, Tenant will pay any trip charge the repair person may charge, which amount may be different from the amount stated in Paragraph 14C.

F.

Advance Payments and Reimbursements: Landlord may require advance payment of repairs or payments under this Paragraph 18 for which Tenant is responsible. Tenant must promptly reimburse Landlord the amounts under this Paragraph 18 for which ▇▇▇▇▇▇ is responsible.

19.

SECURITY DEVICES AND EXTERIOR DOOR LOCKS:

A.

Subchapter D, Chapter 92, Property Code requires the Property to be equipped with certain types of locks and security devices, including (with some exceptions): (1) window latches on each window; (2) a keyed doorknob lock or keyed deadbolt lock on each exterior door; (3) a sliding door pin lock on each exterior sliding glass door of the dwelling; (4) a sliding door handle latch or a sliding door security bar on each exterior sliding glass door of the dwelling; and (5) a keyless bolting device and a door viewer on each exterior door of the dwelling. ▇▇▇▇▇▇▇▇ has rekeyed the security devices since the last occupant vacated the Property or will rekey the security devices within 7 days after Tenant moves in. “Security device" has the meaning assigned to that term in §92.151, Property Code.

B.

All notices or requests by Tenant for rekeying, changing, installing, repairing, or replacing security devices must be in writing. Installation of additional security devices or additional rekeying or replacement of security devices desired by Tenant may be paid by Tenant in advance in accordance with §92.162(c), Property Code, and may be installed only by contractors authorized by Landlord.

C.

If Tenant vacates the Property in breach of this lease, Landlord may deduct from the security deposit reasonable costs incurred by Landlord to rekey security devices as authorized by §92.156(e), Property Code.

20.

SMOKE ALARMS: Subchapter F, Chapter 92, Property Code requires the Property to be equipped with smoke alarms in certain locations. Requests for additional installation, inspection, or repair of smoke alarms must be in writing. Disconnecting or intentionally damaging a smoke alarm or removing a battery without immediately replacing it with a working battery may subject Tenant to civil penalties and liability for damages and attorney fees under §92.2611, Property Code.

21.

LIABILITY: Unless caused by Landlord, Landlord is not responsible to Tenant, Tenant’s guests, family, or occupants for any damages, injuries, or losses to person or property caused by fire, flood, water leaks, ice, snow, hail, winds, explosion, smoke, interruption of utilities, theft, burglary, robbery, assault, vandalism, other persons, condition of the Property, environmental contaminants (for example, carbon monoxide, asbestos, radon, lead-based paint, mold, fungus, etc.), or other occurrences or casualty losses. Unless prohibited by law, ▇▇▇▇▇▇ will promptly reimburse Landlord for any damages, injuries, or losses to person or property caused by Tenant, Tenant's guests, any occupants, or any pets or assistance animals, including cost of repairs or service to the Property.

22.

HOLDOVER: If ▇▇▇▇▇▇ fails to vacate the Property at the time this lease ends Tenant will pay Landlord rent for the holdover period and indemnify Landlord and prospective tenants for damages, including but not limited to lost rent, lodging expenses, costs of eviction, and attorneys' fees. Rent for any holdover period will be three (3) times the monthly rent, calculated on a daily basis, and will be immediately due and payable daily without notice or demand.

If the Tenant(s) choose to continue leasing month-to-month after expiration of the lease term, the monthly rent from February 1, 2025 will be $2,100.00 per month.

23.

RESIDENTIAL LANDLORD'S LIEN: ▇▇▇▇▇▇▇▇ will have a lien for unpaid rent against all of Tenant's nonexempt personal property that is in the Property and may seize such nonexempt property if Tenant fails to pay rent. Subchapter C, Chapter 54, Property Code governs the rights and obligations of the parties regarding Landlord's lien. ▇▇▇▇▇▇▇▇ may collect a charge for packing, removing, or storing property seized in addition to any other amounts Landlord is entitled to receive. Landlord may sell or dispose of any seized property in accordance with the provisions of §54.045, Property Code.

24.

SUBORDINATION: This lease and Tenant’s leasehold interest are and will be subject, subordinate, and inferior to: (i) any lien or encumbrance now or later placed on the Property by Landlord; (ii) all advances made under any such lien or encumbrance; (iii) the interest payable on any such lien or encumbrance; (iv) any and all renewals and extensions of any such lien or encumbrance; (v) any restrictive covenant; and (vi) the rights of any owners’ association affecting the Property.

25.

CASUALTY LOSS OR CONDEMNATION: Section 92.054, Property Code governs the rights and obligations of the parties regarding a casualty loss to the Property. Any proceeds, payment for damages, settlements, awards, or other sums paid because of a casualty loss to the Property will be Landlord’s sole property. For the purpose of this lease, any condemnation of all or a part of the Property is a casualty loss.

26.

SPECIAL PROVISIONS: None

27.

DEFAULT:

A.

If Landlord fails to comply with this lease, Tenant may seek any relief provided by law.

B.

If Tenant fails to timely pay all amounts due under this lease or otherwise fails to comply with this lease, Tenant will be in default and:

(1)

Landlord may terminate Tenant’s right to occupy the Property by providing Tenant with at least one day written notice to vacate;

(2)

all unpaid rents which are payable during the remainder of this lease or any renewal period will be accelerated without notice or demand;

(3)

Landlord may exercise Landlord’s lien under Paragraph 23 and any other rights under this lease or the Property Code; and

(4)

Tenant will be liable for:

(a) any lost rent;

(b) Landlord’s cost of reletting the Property including but not limited to leasing fees, advertising fees, utility charges, and other fees reasonably necessary to relet the Property;

(c) repairs to the Property for use beyond normal wear and tear;

(d) all Landlord’s costs associated with eviction of Tenant, including but not limited to attorney’s fees, court costs, costs of service, witness fees, and prejudgment interest;

(e) all Landlord's costs associated with collection of amounts due under this lease, including but not limited to collection fees, late charges, and returned check charges; and

(f) any other recovery to which Landlord may be entitled by law.

C.

Notice to vacate under Paragraph 27B(1) may be by any means permitted by §24.005, Property Code.

D.

If Tenant vacates the Property in breach of this lease, Landlord may also deduct from the security deposit the reasonable costs to rekey certain security devices, as provided in Paragraph 19.

E.

Landlord will attempt to mitigate any damage or loss caused by ▇▇▇▇▇▇'s breach by attempting to relet the Property to acceptable tenants and reducing Tenant's liability accordingly.

28.

EARLY TERMINATION: This lease begins on the Commencement Date and ends on the Expiration date unless: (i) renewed under Paragraph 4; (ii) extended by written agreement of the parties; or (iii) terminated earlier under Paragraph 27, by agreement of the parties, applicable law, or this Paragraph 28. Unless otherwise provided by law, Tenant is not entitled to early termination due to voluntary or involuntary job or school transfer, changes in marital status, loss of employment, loss of co-tenants, changes in health, purchase of property, or death.

A.

Special Statutory Rights Tenants may have special statutory rights to terminate the lease early in certain situations involving family violence, military deployment or transfer, or certain sex offenses or stalking.

(1)

Military: If Tenant is or becomes a service member or a dependent of service member, Tenant may terminate this lease by delivering to Landlord a written notice of termination and a copy of an appropriate government document providing evidence of: (a) entrance into military service; (b) military orders for a permanent change of station (PCS); or (c) military orders to deploy with a military unit for not less than 90 days. Termination is effective on the 30th day after the first date on which the next rental payment is due after the date on which the notice is delivered. §92.017, Property Code governs the rights and obligations of the parties under this paragraph.

(2)

Family Violence: Tenant may terminate this lease if Tenant provides Landlord with a copy of documentation described under §92.016, Property Code protecting Tenant or an occupant from family violence committed by a cotenant or occupant of the Property. §92.016, Property Code governs the rights and obligations of the parties under this paragraph. If the family violence is committed by someone other than a cotenant or co-occupant of the Property, Tenant must give written notice of termination 30 days prior to the effective date of the notice.

(3)

Sex Offenses or Stalking: Tenant may have special statutory rights to terminate this lease in certain situations involving certain sexual offenses or stalking, if the Tenant provides Landlord with the documentation required by §92.0161, Property Code. For more information about the types of situations covered by this provision, Tenant is advised to review §92.0161, Property Code.

B.

Assignment, Subletting and Replacement Tenants:

(1)

Tenant may not assign this lease or sublet the Property without ▇▇▇▇▇▇▇▇’s written consent.

(2)

If Tenant requests an early termination of this lease under this Paragraph 28B, Tenant may attempt to find a replacement tenant and may request Landlord to do the same. Landlord may, but is not obligated to, attempt to find a replacement tenant under this paragraph.

(3)

Any assignee, subtenant, or replacement tenant must, in ▇▇▇▇▇▇▇▇’s discretion, be acceptable as a tenant and must sign: (a) a new lease with terms not less favorable to Landlord than this lease or otherwise acceptable to Landlord; (b) a sublease with terms approved by Landlord; or (c) an assignment of this lease in a form approved by Landlord.

(4)

At the time Landlord agrees to permit an assignee, subtenant, or replacement tenant to occupy the Property, Tenant will pay Landlord:

(a) if Tenant procures the assignee, subtenant, or replacement tenant: 125% of one’s month rent that the assignee, subtenant, or replacement tenant is to pay.

(b) if Landlord procures the assignee, subtenant, or replacement tenant: 175% of one’s month rent that the assignee, subtenant, or replacement tenant is to pay.

(5)

Unless expressly stated otherwise in an assignment or sublease, ▇▇▇▇▇▇ will not be released from Tenant’s obligations under this lease because of an assignment or sublease. An assignment of this lease or a sublease of this lease without Landlord’s written consent is voidable by Landlord.

29.

ATTORNEY’S FEES: Any person who is a prevailing party in any legal proceeding brought under or related to the transaction described in this lease is entitled to recover prejudgment interest, attorney’s fees, costs of service, and all other costs of the legal proceeding from the non-prevailing party.

30.

REPRESENTATIONS: Tenant's statements in this lease and any application for rental are material representations. Each party to this lease represents that he or she is of legal age to enter into a contract. If Tenant makes a misrepresentation in this lease or in an application for rental, Tenant is in default.

31.

ADDENDA: Incorporated into this lease are the following addenda, exhibits and other information. If ▇▇▇▇▇▇▇▇’s Rules and Regulations are made part of this lease, ▇▇▇▇▇▇ agrees to comply with the Rules and Regulations as Landlord may, at ▇▇▇▇▇▇▇▇’s discretion, amend from time to time.

32.

NOTICES: All notices under this lease must be in writing and are effective when hand-delivered, sent by mail, or sent by electronic transmission to (Do not insert an e-mail address or a fax number unless the party consents to receive notices under this lease at the e-mail address or fax number specified.):

Tenants at the Property and a copy to:

Landlord:

Tirios Propco Series LLC – 283 Gabbro

c/o ▇▇▇▇▇▇ ▇▇▇▇▇▇

33.

AGREEMENT OF PARTIES:

A.

Entire Agreement: There are no oral agreements between Landlord and Tenant. This lease contains the entire agreement between Landlord and Tenant and may not be changed except by written agreement.

B.

Binding Effect: This lease is binding upon and inures to the benefit of the parties to this lease and their respective heirs, executors, administrators, successors, and permitted assigns.

C.

Joint and Several: All Tenants are jointly and severally liable for all provisions of this lease. Any act or notice to, refund to, or signature of, any one or more of the Tenants regarding any term of this lease, its extension, its renewal, or its termination is binding on all Tenants executing this lease.

D.

Waiver: Landlord's past delay, waiver, or non-enforcement of a rental due date or any other right will not be deemed to be a waiver of any other breach by Tenant or any other right in this lease.

E.

Severable Clauses: Should a court find any clause in this lease unenforceable, the remainder of this lease will not be affected and all other provisions in this lease will remain enforceable.

F.

Controlling Law: The laws of the State of Texas govern the interpretation, validity, performance, and enforcement of this lease.

34.

INFORMATION:

A.

Future inquiries about this lease, rental payments, and security deposits should be directed to the person listed for receipt of notices for Landlord under Paragraph 32.

B.

It is Tenant’s responsibility to determine, before signing this lease, if: (i) all services (e.g., utilities, connections, schools, and transportation) are accessible to or from the Property; (ii) such services are sufficient for Tenant’s needs and wishes; and (iii) Tenant is satisfied with the Property’s condition.

C.

The brokers to this lease have no knowledge of whether Landlord is delinquent in the payment of any lien against the Property.

D.

Unpaid rent and any unpaid amount under this lease are reportable to credit reporting agencies.

E.

▇▇▇▇▇▇▇▇ is not obligated to respond to any requests for ▇▇▇▇▇▇’s rental and payment history from a mortgage company or other prospective landlord until ▇▇▇▇▇▇ has given notice of termination of this lease and Tenant is not in breach of this lease. (Notice: Landlord or ▇▇▇▇▇▇▇▇’s agent may charge a reasonable fee for processing such information.)

F.

If all occupants over 18 years of age die during this lease, Landlord may: (i) permit the person named below to access the Property at reasonable times in Landlord’s or Landlord’s agent’s presence; (ii) permit the named person to remove ▇▇▇▇▇▇’s personal property; and (iii) refund the security deposit, less deductions, to the named person. Section 92.014, Property Code governs procedures to follow regarding a deceased tenant’s personal property and security deposit.

Name:

Address:

E-mail:

Phone:

G.

The Texas Department of Public Safety maintains a database that the public may search, at no cost, to determine if registered sex offenders are located in certain areas (see ▇▇▇.▇▇▇▇▇.▇▇▇▇▇.▇▇.▇▇ under online services). For information concerning past criminal activity in certain areas, contact the local police department.

H.

Landlord will not be liable for any loss of ▇▇▇▇▇▇’s property. Tenant hereby acknowledges this and agrees to make no such claims for any losses or damages against Landlord, his agents, or employees. ▇▇▇▇▇▇ agrees to purchase insurance – at their own expense – sufficient to protect themselves and their property from fire, theft, burglary, breakage, electrical connections. They acknowledge that if they fail to procure such insurance, it is their responsibility and they alone shall bear the consequences.

I.

Property will be managed by Landlord or affiliates.

J.

This lease should not be used in conjunction with executory contracts of any type, such as contracts for deed, leases with options to purchase, or lease options, without the advice of an attorney.

K.

This lease is negotiable between the parties. This lease is binding upon final acceptance. READ IT CAREFULLY. If you do not understand the effect of this lease, consult your attorney BEFORE signing.

Landlord’s Signature

▇▇▇▇▇▇ ▇▇▇▇▇▇

Date Jan 27, 2024

Print Name

▇▇▇▇▇▇ ▇▇▇▇▇▇ c/o Tirios Propco Series LLC – 283 Gabbro

Tenant’s Signature

Date 01/27/2024

Print Name