What should I know about the lease agreement before signing it?
Before signing a lease agreement, it’s important to understand the following:
- Terms and conditions: Read the lease agreement carefully and make sure you understand the terms and conditions, including the rental amount, payment due date, security deposit, pet policy, parking arrangements, and any other terms specific to your rental property.
- Length of lease: Determine the length of the lease and whether it’s a fixed-term or month-to-month lease. A fixed-term lease typically lasts for a set period of time, while a month-to-month lease can be terminated with proper notice.
- Renewal options: Find out what the renewal options are at the end of the lease and whether there are any changes in rent or other terms.
- Maintenance and repair responsibilities: Clarify who is responsible for maintenance and repair issues, including regular upkeep and emergency repairs.
- Restrictions and rules: Familiarize yourself with any restrictions or rules specified in the lease agreement, such as restrictions on smoking, pets, or alterations to the rental unit.
- Termination and eviction: Understand the conditions under which the lease can be terminated, such as non-payment of rent or violation of lease terms, and the eviction process.
- Legal obligations: Be aware of your legal obligations as a tenant, including paying rent on time, following building and housing codes, and not engaging in illegal activities.
It’s important to ask any questions or clarify any misunderstandings before signing the lease agreement to ensure that you have a clear understanding of your rights and responsibilities as a tenant.