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.
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.. . . .