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Maria Abe June 11, 2019 Lease Agreement

Lease dates and termination – the start and end of the lease should be in the agreement as well as the description of how and when the landlord and tenant can end the lease. For example, an apartment lease may be terminated with one month’s notice and a final month’s rent.

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Security deposit details – the amount of the security deposit, how it is to be paid, and the terms of its future release should be specified in the lease agreement. Occupants of the property – the lease agreement should list the names of every person who will regularly occupy the property and what happens if a person stays for more than a certain length of time.

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Every lease is a contract, and as such will name the people who have entered into the contract and are legally bound by it. That should be your landlord, yourself, and any roommates you might have. Anyone whose name doesn`t appear on the document isn`t legally liable for rent; if you take on a new roommate after the lease has been signed, you may want to ask the landlord to issue a new one. If not, you`re the one who`s liable when they don`t pay their share of the rent.

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Right to sublet the space – if the tenant has the right to sublet the property to another person, the lease agreement should spell out those terms. Parking restrictions/rules – if the property has parking or offers parking in a designated spot, those terms should be listed in the lease agreement.

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Standard Lease Purchase Agreement

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Terms of rent – the dollar amount should be in the agreement as well as the day of the month rent is due, where the rent is to be sent, and how it will be accepted (by check, by automatic draft, etc.). The terms for late rent should also be in this portion of the agreement.

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Clarify your access rights: Make the tenant aware that you have a legal right to enter the unit under certain conditions (e.g. for repairs, inspections, or emergencies), and that you`ll give them a certain amount of advance notice before your visit.

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