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Signing A Lease? Things to Review


Under Real Estate

Written by

February 9th, 2022

When you are about to sign a lease for an apartment, it only means you have already done all the required leg work. You have already found the right place, you love the house, and you are ready to move in. As much as the signing stage seems to be the easiest and the fastest. It is the stage that requires a lot of attentiveness. There is a reason you, as a tenant, are signing that particular lease. You have to do the following things before committing and signing that lease.

Read The Lease
Just because you love the apartment and are eager to move in does not mean everything else will be as loveable. Other tenants may rush into signing the lease since the rent sounds cheaper than expected. Do not rush into signing due to excitement. Read through the lease and understand. Do not shy from asking questions where you need clarification or feel uncomfortable. If the lease does not contain all the information you want to know about your next apartment, ask for clarification. For example, the apartment should have a pet’s policy section in their lease; if not, ask about it. If you want to paint your house, ask if it is allowed if it is not mentioned in the lease.

Early Termination of the Lease
There are many possible reasons you would find yourself breaking the already signed lease. Knowing the terms and conditions around that is very important before signing it. For instance, you signed a lease contract for a whole year, and then something happens after six months that you need to move out; what procedure do you as a client should take, and what penalties will you have to endure. Such information will help you decide if you are in a position to sign the lease or not.

Maintenance Terms
Your apartment maintenance is essential. Knowing if the services are always available 24/7 should be among the most important things. You need to find out if there will always be someone to assist you any time of the day in case of a sink leak. You also need to know if that person will be hired from outside, which might take hours to get help or within the building.

Rent Due Dates
Find out when the rent is due. Also, find out if there is a grace period and the duration of the grace period if the due date proves to be a difficult day for you. It is advisable to get an apartment that can give a tenant a grace period of one to five days. The availability of a grace period only means that the landlord understands some avoidable life issues that may stop tenants from clearing their rent arrears on time. If you are planning to move into your new apartment in the middle of the month, ensure you find out if you will be required to pay that particular month’s rent or only be required to pay rent for the remaining days of the month.

Lease Renewal Process
Each apartment may have its own rules and regulations around renewing a lease. For instance, the lease renewal process at apartments in rockwall tx, may not be the same as the lease renewal process at your next building. Ensure you know the requirements before you sign the current new lease. Also, find out if there is always a frequent reminder that tenants are given to remind them about the end of their current lease. Ensure all procedures are clear to avoid assumptions that may later leave you homeless at the end of your leasing period. Or assumptions that might automatically give you another similar leasing period due to lack of communication.

To avoid expected surprises once you start utilizing your lease, correct and reasonable questions have to be asked. Satisfying answers have to be provided for you as a tenant to feel comfortable while signing your new lease. It’s better to know what you are getting into before you do. Getting into an agreement blindly while expecting results you might never get in the end will turn your stay into a frustrating one.

5 Things You Must Know Before Signing A Lease by McKenzie Jones

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