Real Estate

The Importance of Reading a Rental Agreement


Article written by Sweet Happening, happy news from around the world

Throughout the course of life, people want to experience the independence of living on their own – whether it is a house or an apartment. You’ll come across a legal document known as a lease. Now, you may be inclined to sign the document right after skimming through it but this is not recommended. Sure, the legalities and all of the verbiage in it may come off confusing but it’s important to know what you’re signing off to. Here are some important parts of your lease that you should pay attention to.
Find out how much the rent is going to be. How much is it monthly? What fees are associated with it? Calculate this total to get an idea of how much you’re going to be spending monthly. Don’t be afraid to say no if you don’t feel financially comfortable.

The details regarding how long your lease will be should be duly noted. Also, make sure the landowner’s full contact information is provided – name, telephone number, apartment number. It should also have the date the lease was signed.

Pay attention to the rental agreements that pertain to the repairs and maintenance – many landlords will cover you for these costs. Anything from broken window blinds to replacing an air conditioner, make sure that you go over this with the landlord to avoid costly replacements.
Rental agreements should state whether they have a no-pet clause. If they don’t, confirm it with your landlord to avoid paying an undisclosed fee.

Before you sign your rental agreement make sure that you know what you’re getting into. There’s nothing worse than to get hit with fees that you skipped over in your contract.
Bio: Kuba Jewgieniew is the head of Realty ONE Group, a real estate brokerage firm that believes in their agents. They’ve built their business around them and designed it specifically to help them exceed expectations and ensure their success.