Marilyn Ries May 17, 2019 Lease Agreement
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.
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.
Possessions – if certain possessions, like water beds or grills are not allowed on the property, those terms should be listed – along with the consequences if those items cause damage to the property.
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.
Alterations to the property – the lease agreement should describe what, if any, alterations the tenant may make to the property. Right of entry – the lease should include a clause that allows the landlord to enter and inspect the property with reasonable notice. The terms should define reasonable notice and explain the rights of the tenant.
Parties to the lease – the lease agreement should name the landlords and tenants who are bound by the agreement. Description of the property – the lease agreement should have a description of the property controlled by the lease agreement. It may be as simple as the address and apartment number but it must be identified or the agreement cannot be enforced.