But you need to pay attention to harsher penalties. In extreme circumstances, a landlord may require you to repay the rest of the rental period – even if the property is rented to another tenant before it expires. In the example below, this would be the payment of 12 months of rental for a place you have occupied for only six months. Some provisions may even require you to lose your deposit in addition to the extra rent. Once you have a version of the lease ready to be signed, check all important rental terms again. Here`s a checklist: Did you know that only 25% of tenants actually read the lease? This is shocking, because it is a legally binding document. It is important to read the document before signing, so that you can know the terms of the document. To make the process easier, we`ve put together 5 tips to follow before signing your lease: Imagine renting a car that has a bump the size of a bowling ball in the driver`s door. They would not sign the lease without documenting the harm that already exists. An apartment is no different: do not sign the lease until you are satisfied that the property is in good condition inside and out.

Managers and landlords should keep excellent copies of signed lease agreements. It`s a good idea to make copies of rental agreements for former tenants, at least until a limitation period for the lease expires. If you`ve never rented before, leases can seem pretty confusing at first. But don`t worry – we`ve rounded up the most important things you need to check out. The same applies to subletting. A subletting may prevent you from breaking your lease if you need to move before your lease expires, but you need to know what the terms will be and how it will affect your monthly rent. If a sublet is not an option, you`ll want to know right from the start. If you sign the lease online using electronic signatures, it is up to you to read the document and understand everything you accept. Do not treat a lease signature as a “Terms of Use” box. Leases are very important legal documents.

A positive relationship with your landlord is important throughout your rental period. Lease verification is one of the first steps to establishing a good landlord-tenant relationship.. . . .