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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 amount of $1,000 due on the 1st of each month, the security deposit of $500, allows for pets, and holds both parties responsible for repairs and damages that may occur during the lease period. The lease is for a period of 12 months beginning January 1st, 2023 and either party must give 30 days notice if they wish to terminate the agreement.