See what $10 buys you. This is a real breakdown of a fictional 12-month residential lease.

What This Lease Says (TL;DR)

This is a 12-month residential lease for Apartment 4B at 2847 Cherry Lane, Austin, TX, starting June 1, 2026, at $2,400/month. The security deposit is also $2,400.

Key things to know:

• //The lease auto-renews for another full 12 months unless you give 90 days' written notice — that's an unusually long notice window.
• //Rent can increase up to 8% per renewal term with only 30 days' notice.
• //The security deposit has automatic, non-refundable deductions (cleaning, carpet, repainting) totaling potentially $1,125+, taken regardless of how clean you leave the unit.
• //If you have roommates, each person is on the hook for 100% of the rent, not just their share.
• //All disputes must go to binding arbitration — you cannot sue in court or join a class action.
• //You must pay Maple Grove's attorney fees even if you win a dispute.
• //Renters insurance is required, naming the Landlord as an additional insured.