Your Signed Residential Lease Agreement: What You Need to Know
It's important to have a clear understanding of the terms and conditions outlined in your lease. Below, are a few key areas that include important information regarding your lease agreement:
Lease Term:
- Your lease agreement specifies the duration of your tenancy. This includes the start date and end date of your lease term.
- Make note of any renewal options if you're interested in extending your lease beyond the initial term. Your property manager will contact you 90 days prior to the end of your lease to discuss renewal options.
Rent Details:
- Your lease agreement outlines the monthly rent amount and the due date for each payment.
- Ensure you know the acceptable methods of payment, whether it's through direct deposit, or online payment platforms.
- Familiarize yourself with the additional fees and when these fees could potentially be charged to your account.
Security Deposit:
- Understand the amount of the security deposit you've paid and the conditions under which it will be returned to you.
- Familiarize yourself with any deductions that may be made from the security deposit for damages or unpaid rent at the end of your tenancy.
Utilities and Maintenance:
- Review which utilities (such as water, electricity, gas) are included in your rent and which ones you're responsible for.
- Understand your responsibilities regarding maintenance and repairs of the property and its appliances as outlined in the lease agreement.
Renewal and Move-Out Procedures:
- If your lease includes renewal options, familiarize yourself with the process and any deadlines for providing notice. Your property manager will contact you 90 days prior to the end of your lease for renewal discussions.
- Notice to vacate must be sent at least 30-60 days prior to your move-out date. Familiarize yourself with the procedures for moving out at the end of your lease term, including any required notice periods and expectations for cleaning and returning keys.
Early Termination Clause:
- Review the early termination clause in your lease agreement, which outlines the conditions and potential penalties for ending your lease before the agreed-upon term.
Additional Terms and Conditions:
- Pay close attention to any additional terms and conditions specific to your lease agreement.
- If you have any questions or concerns about any provisions in the lease, don't hesitate to reach out for clarification.
Legal Considerations:
- Remember that your lease agreement is a legally binding contract, and both parties are obligated to adhere to its terms.
- Familiarize yourself with your rights as a tenant and the landlord's obligations under local tenancy laws.
Keep a Copy for Your Records:
- It's essential to keep a copy of your signed lease agreement in a safe and accessible place for reference throughout your tenancy.
- Consider keeping digital copies as well for added convenience.
By understanding the details of your signed lease agreement, you can ensure a smooth and positive rental experience.
If you have any questions or need further clarification, feel free to reach out to our support services team through this link.