One liner for lease agreement – keywords made of figures, span and eviction policies.
I think it’s totally elementary for a person to lookout for certain things in a lease agreement.
Individual/Group tenancy agreement
Moving in with more than 3 people and still asked to sign a group tenancy agreement. Something that cannot be taken for granted. While negotiating occupancy rules, asking for individual tenancy agreement is the first ever thing one should be concerned. Hmm…the fellow vanishes in the mid year, and I paying a ransom for his sake? Nah!! I’m not up for being swapped as baits.
(A tenant in your shoes, I’d go for “Individual tenancy agreement” for sure. Nobody could be damned Cinderella being counted for the deeds of her sorority sisters).
Pet friendly apartments
People have their pet peeves. But, it’s decoded by the landlord in his lease contract. One would never miss out on this part. A pet is a family, and cannot be taken for granted, It should be lying somewhere in between the lease agreement. Not just figurative, but for real!
Rent, rent arrears, late fee
In case, there’s an arrear, what would be the late fee? Do they adhere to state regulations in terms of percentage in rental increase? Also a check on security deposits and it should mentioned right there. Economy is unpredictable and the span of grace period is supposed to be checked.
Occupancy rules
How many of them?
Who’s in charge of collecting the rent from housemates?
Number of sleepovers per month
(Without waking up the entire neighborhood)
Unexpected guests staying for a week
Eviction policies
Parking space
Addition of housemates allowed
Smoking and liquor
Common area cleaning
Renter’s insurance
Maintenance/repairs
Who’s going to fix the oven and internet cable? Would the tenants get reimbursement, if they take care of repairs?
Not all rental apartments come with refrigerator and internet connection.
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