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Lease Basics Renters Should Know Before Signing

A fair lease agreement is a basis for a great landlord-tenant relationship. A unilateral agreement allows a homeowner to get their hands from the top. After all, a landlord is generally better versed in the language used in a standard tenant-landlord agreement than the average tenant, and this is understandable.

You may be face an Express Evictions lawsuit if you do not read attentively through several terms of the lease agreement. Moreover, you can always go to an experienced lawyer to review your contract paper if you are concerned about entering into a lease agreement. Whatever you do, first of all, you have to do your best to keep pace with the basic terminology.

Access To The Premises By The Landlord

If a tenant does not renew the lease, a standard lease agreement gives the property owner the right to enter his or her property for a specific purpose, such as repairs, or showing the house to upcoming tenants, investigating the premises for loss, etc. Moreover, the contract must specify that the landlord must provide advance notice to the tenant within 24 to 48 hours before accessing his property. These terms and conditions guarantee that the landlord gives you privacy.

Fixtures And Appliances

A landlord may decide to furnish extra furnishings and equipment on his property, as well as provide a central heating system, air conditioning, and plumbing, etc. Landlords should repair removable fixtures of some large kitchen appliances in their apartments that they must provide to their tenants, such as pool equipment, window shades, microwave oven plug-ins, etc. Therefore, when signing an agreement, tenants should check that these items are listed in the lease agreement as provided by the landlord.

Release Of Security Deposit

Depending on your real estate market, your total security deposit may be the equivalent of one or two months’ rent. However, this is a significant investment so when you leave the landlord’s property, be sure to know when and how the landlord will pay your security deposit. A standard lease agreement specifies that the landlord must give their security deposit within 60 days after the house is vacated. Receiving a security deposit means that you had performed all your duties, including paying the rent, giving back the key and putting the owner’s property back in exact position when you moved in.

Tenant Change During Lease Term

Most lease agreements prevent the tenant from subletting the landlord’s property. If you need a renter, you may be able to arrange something if you discuss it directly with the landlord. Moreover, this section of the lease outlines the terms of adding tenants to the lease agreement. Many landlords receive an administrative fee from the tenant, such as when applying for a new tenant and changing the lease agreement.

Tenant Obligations

The tenant obligations section allows you to see what you can do and cannot do on the landlord’s property. The lease agreement often states that without the permission of the landlord, a tenant will not be able to do anything such as painting the property, drilling holes for cable or telephone wires, and altering locks, remodeling the park, etc. Moreover, you are also responsible for keeping the landlord’s property in good condition, but that does not mean that you only have to keep the interior of the house clean; also you will need to do external maintenance too. A random situation that may appear in the tenant obligations section is often overlooked, such as if the property has more than 50 square feet of wood flooring then you must cover at least 75 percent of the floor with protective area rugs to prevent any damage.

Termination Date

Your lease agreement must state when the contract will expire and also include the terms of the new renewal. If the tenant plans to renew the lease agreement, then the tenant must give the landlord 30 or 60 days’ notice. If the tenant does not provide any advice, then the lease either expires or transferred to a month to month lease, which may increase the rent.

Greg Jones: Greg's blog posts are known for their clear and concise coverage of economic and financial news. With a background as a financial journalist, he offers readers valuable insights into the complexities of the global economy.