writing a check

3 Things to Know About Apartment Leases

An apartment lease is the most common agreement between a tenant and a property owner. Apartment leases are required for almost every apartment. An apartment lease is a very detailed agreement that sets expectations for nearly every aspect of apartment living. A lease agreement also sets out how long a tenant will occupy the unit.

1. Apartment leases are binding

One of the most important, yet consequential, qualities of a lease agreement is that it’s a binding document. Unless the property owner agrees to nullify the lease agreement, you are bound to the agreements laid out until the lease term has ended. That’s why it’s so important that you understand what you’re agreeing to before signing a lease.

2. Apartment leases have varying lengths

When you sign an apartment lease, you’re agreeing to live in a rental unit for at least “X” amount of months. These agreements have a lot of variation, though. Some agreements are as long as a year, while others must be renewed monthly. However, you’re bound to the lease agreement until the end, so be sure you know what you’re signing before you do.

3. You need to read your apartment lease

Length is not the only highly-consequential element of an apartment lease. You should read every single part of your apartment lease, whether you’re a new renter or an existing renter who has never read your lease before. Beyond the basics of what can go on in the unit, the lease can even lay out important safety information like what happens in the case of fire, flood, mold or another disaster.

signing a lease

Just make sure you know what you’re getting yourself into

There’s so much important information contained in an apartment lease, it would be very unreasonable not to read it. As a renter, you’re vulnerable to plenty of scams. The best way to avoid scams is to have a watertight document that you agree with the terms of.

Additional resources

Moving?

Get connected with the best moving company!

like a boss!

Sign up to keep up with all the best…

Rent like a boss!

Sign up to keep up with all the best…