Signing lease papers is one of the important stages of shifting to a new home on rent. Most of us are so excited that we do not read the apartment leases during this stage. One should read the papers carefully before signing them. Also, keeping a copy with you is important because it proves that you have read the papers and agree to all the terms and conditions. The apartment leases are not only for the tenant but also important for a landlord.
What Is An Apartment Lease?
An apartment lease is a legal document that mentions that the landlord and the tenant agree to the rental rules and regulations. The real estate agent hired by the landlord and the tenant creates the agreement document. Then both the parties sign the agreement in front of the witness. In this case, the witnesses are other non-beneficiary people.
What Do They Write In The Apartment Agreement?
An apartment lease agreement includes the personal details of the landlord and the tenant. It includes the rules and regulations of society. Also, it includes some terms and conditions that both parties need to agree upon. If any rules are violated, it also includes the penalty the landlord will charge.
Factors To Consider
As a responsible tenant, ensure that you go through every word written in the agreement. It would be best if you asked the landlord freely about any condition that does not match your list. But before that, remember to go through the important points written in the paper. Do not blindly go and sign the papers. Otherwise, you will be the one who will get disappointment.
The lease will be on until some period. Ensure that the tenure of the lease is as same as you have spoken to your landlord. If there is any confusion right away, call the real estate agent and landlord to fix a meeting for it.
Then check the rent payment date and amount of the rent. It should match whatever you have agreed with the landlord. Note that you have already talked to your landlord about the rent escalation policy. Ensure that the agreement mentions the security deposit you may have already paid or will pay later.
Also, ensure that everything you have discussed with your landlord or potential landlord is written in the agreement so there is no further confusion. Law is equal for everyone; hence, it would be best if you go further legally only.