A rental relationship is formalized through a contract (lease, agreement, or whatever term you prefer). Before signing, remember these two fundamental rules of apartment renting:
- Know your landlord.
- Read the lease before signing.
Failure to do so means you accept the terms as they are until the lease expires. When renting, ensure you understand your rights as a tenant and the agreement’s detailed terms and conditions. This clarifies the rights, duties, and responsibilities of both you and your landlord.
Why is this agreement important? Verbal agreements are insufficient and prone to confusion and misunderstanding. In the housing and rental industry, all agreements must be in writing to establish clear terms and prevent future disputes.
What’s in a Lease?
Most leases detail the agreement between you and the landlord for renting an apartment or other housing. Like most legal documents, it includes names (yours and the landlord’s), the rental address, and the lease’s start and expiration dates. This makes a rental lease a legally binding agreement.
Other provisions in the contract include the monthly rent amount, payment method, and payment location. The contract will also outline the refundable security deposit and any advance deposit requirements.
Rent payments often include household items, utilities, or amenities such as natural gas, water, electricity, furnishings, refrigerator, gas range, cable TV, garbage disposal, drainage, and parking, as specified. You are responsible for the proper use of these utilities. If parking is included, the contract will specify designated parking areas. Additionally, if you plan to bring plants or pets, inform your landlord so they can be included in the list of permitted items.
The lease will also state the rent payment due date and the consequences of late payment. It will outline the landlord’s (or property owner’s) responsibilities for property maintenance and repairs. If you or your guests cause damage, you, as the renter, are responsible for the repair costs.
The lease will also detail your responsibilities as a renter. These include keeping the property clean, using utilities properly, maintaining peace and order, and returning the property in the same condition as when you moved in.