The Basic Contents of Apartment Leases
Before renting an apartment, you must first sign an apartment lease. This legally binding agreement is a contract between you and the apartment owner on the terms of the rental. The terms of this contract must be followed and will be enforced in municipal housing court. Thus, there are some basic contents of an apartment lease that you should familiarize yourself with before signing a lease.
Names
The names of all people entering the contract is an important section of any apartment lease. In this section, it may even ask for your Social Security number if the owners wish to perform a credit check. Some other pieces of information may include contact information, email addresses and emergency contact information. A signature section at the end of the contract will coincide with the names listed elsewhere in the lease.
Identify the Property
The apartment lease should also state and describe all the property being rented. This section may include information pertaining to any damages that are in the apartment being leased. Document any damage to your apartment by taking a photo or video and filling out an inspection report. This will minimize the hassles involved with getting your security deposit back when you move out.
Length of the Lease
The lease should also indicate a number of different dates. For example, the starting and end days of occupancy must be stated. In most cases, leases are for either open ended, month to month or a full year. Leases with other lengths may be available upon request.
Payment
There will be a payment section that states how much the monthly rent will be. including will it is due and how it should be paid. The handling of a security deposit, finder fees and the utilities that will need to be paid by the tenant will also be addressed.
Rules
The apartment lease will also include information regarding the rules and regulations of living there. It may have information on quiet hours, noise levels, parking, trash service or storage spaces available. Disagreement on a particular rule is the most common reason for disputes between owners and tenants.
Appliances
Another common section in apartment leases is one that lists and describes the appliances that will be available to the tenants. Some apartments may come furnished with appliances such as a refrigerator, oven, microwave or washing machine. Thus, this section will tell the owner what appliances he is legally obligated to provide to the tenant.
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