Our Top Tips Before You Sign A Lease Agreement
Category Hints & Tips
You've found the perfect place to rent and you can't wait to move in. As a new tenant it is imperative that you understand the terms and conditions of the lease agreement, including the financial commitments thereof. The lease agreement is a legally binding agreement between the landlord and the tenant. The more you know, the better protected you'll be against any surprises or upsets once the lease starts. Before signing, there are a few things to consider:
- Everything must be in writing outlining both the landlord and tenant's rights and responsibilities and signed by both parties
- The duration of the lease should be clearly indicated with specific dates
- Be aware of what deposits need to be paid to the landlord, and the terms and conditions surrounding the refund of the deposits
- Find out what is, and what is not, included in your rental amount (rates, utility costs etc.)
- Check the termination terms and conditions for the termination of the lease particularly the early termination clauses, including what happens to the deposit should the lease be terminated early
- Confirm what changes can be made to the property should you wish to do any alterations to the property
- Ensure that all appliances and fixtures are in working order, so that any repairs or things that need to be replaced can occur before you move in
- Double-check that the property is either furnished or unfurnished, and that all items are confirmed in the entry inventory
- If you are moving to a complex or estate, there will be rules and regulations to adhere to. Ensure you have read those thoroughly before signing anything, particularly those pertaining to pet ownership to avoid any misunderstandings. A copy of the rules should be attached as an addendum to the lease agreement
Author: Prop247