Understanding Lease Agreements
Everything you need to know about lease agreements, what to look for, and how to protect yourself.
Complete Guide to Lease Agreements
A lease agreement is a legal contract between landlord and tenant. Understanding its terms is essential for both parties.
Key Terms to Understand
Rent Amount and Due Date
This should be clearly stated with information about late fees and accepted payment methods.
Lease Duration
The lease duration (usually 6-12 months) and renewal terms should be explicit.
Security Deposit
Know how much the deposit is, what it covers, and the return policy.
Maintenance and Repairs
Understand who is responsible for different types of maintenance and how repair requests should be submitted.
House Rules and Restrictions
Pet policies, guest policies, quiet hours, smoking restrictions, and other rules should be clearly outlined.
Tenant Responsibilities
Keeping the property clean, not making unauthorized modifications, and following all rules.
Pro Tip: Never sign a lease without fully understanding all terms. Ask questions and get clarifications in writing.
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