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Tenants must read rental lease agreement carefully so that they understand all of its terms before signing it.
Key Terms Rental Lease Agreement
The written rental agreement or lease should contain key terms, such as the following:
• the names of the landlord and the tenant.
• the address of the rental unit.
• the amount of the rent.
• When the rent is due, to whom it is to be paid, and where it is to be paid.
• the amount and purpose of the security deposit.
• the amount of any late charge or returned check fee.
• Whether pets are allowed.
• the number of people allowed to live in the rental unit.
• Whether attorney’s fees can be collected from the losing party in the event of a lawsuit between you and the landlord.
• Who is responsible for paying utilities (gas, electric, water, and trash collection).65
• if the rental is a house or a duplex with a yard, who is responsible for taking care of the yard.
• Any promises by the landlord to make repairs, including the date by which the repairs will be completed.
• other items, such as whether you can sublet the rental unit and the conditions under which the landlord can inspect the rental unit.
You might also want to read:
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- Tenants Guide Important Information to consider in Rental Lease Agreements Before you sign a rental agreement or a lease, read it carefully so that you understand all of its terms. What kind of terms should be in the rental agreement......
