Lease considerations
Things To Do Before Signing a Lease
- Take your time –While renting a property can be exciting, make sure you take your time and don’t rush your decision. Take time to really ask yourself what you are wanting and needing in a living space and make sure that the rental you are looking into has all of those things. Some people are initially attracted to a rental property and so they rush their decision and sign a rental lease, only to realize later that the property doesn’t actually have everything they wanted or needed in a living space.
- Length of the Lease – Before signing a Rental Lease agreement, make sure you understand the length of the lease you are agreeing too. There is Month to Month, 6 month and 1-year leases. It is important to understand your length of commitment and what are the consequences if your situation changes and you need to be released from your lease early.
- Read the lease carefully – A lease agreement can be several pages long, which can cause renters to want to skim through it. However, because a lease is a legal document, it is vital that you take the time to really read and understand the terms of the contract between you and your landlord or Property Manager. Make sure you read and understand all the fine print before signing the lease, and if you don’t understand something, be sure to ask questions. It is important that you have a full understanding of the lease before you sign it.
- Get everything in writing – If you notice that there are some repairs that need to be made as you check out the rental property and the landlord says he or she will take care of it when you move in, request to have that in writing. Unfortunately, some landlords say they will do things and then they do not follow through on what they have said and then the tenants do not have any proof that they said they would do it. When it comes to landlord-tenant relationships and maintenance repairs, it is best to get everything in writing.
- Check into your landlord – Before you sign a lease, make sure you have some reliable information on the person you will be renting from. It would be a good idea to do a little bit of research on your landlord and also to contact some references and former tenants to hear about their experience. Because your relationship with your landlord will be along the same lines as a business relationship, make sure that he or she is a reliable and trustworthy person or rental property company.
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Disclaimer: The content on this blog is for informational purposes only and is not intended as legal or advice. Consult with a qualified professional for specific advice.