Here are some important things tenants should consider before signing a lease agreement:
- Length of lease: Most are 12 months but consider shorter terms if unsure how long you’ll stay. Avoid month-to-month if possible as it’s more expensive.
- Rent amount and increases: Note the current monthly rent and if/when it may go up within the lease period. Some allow annual small increases while others are fixed rates.
- Deposit amount: Usually equal to 1 month’s rent, it goes towards any damages when moving out so don’t agree to more than needed.
- Utilities responsibilities: Thoroughly read details on who pays for things like electricity, gas, water/sewer, trash, etc. Ask questions if unclear.
- Amenities included: Check what building facilities or apartment perks like parking, storage, and appliances are part of the deal.
- Repair policies: Understand the landlord’s response timeline for maintenance issues and whether you should notify the rental agency or landlord directly.
- Guest policies: Know the rules for having visitors and if there are limits to how long guests can stay.
- Smoking/pet policies: Ensure you agree to bans or fees for smoking, pets, or waterbeds which can be deal-breakers.
- Give yourself time to review the lease terms carefully before signing. Don’t hesitate to negotiate favorable terms either. The lease is a legal contract binding you so take it seriously.
Let me know if any part of the lease agreement is confusing or if you have additional questions!