Once you’ve found the perfect place to move into after browsing numerous homes and apartments for rent, the next step is signing a lease. The legally binding document between yourself and the landlord outlines all the terms and conditions of the living arrangement. While they are part of the standard rental procedure, leases can vary greatly. As such, it’s important to understand the agreement to avoid disputes later. Below is a basic guide to how these documents work.
The Terms of a Lease
A lease will typically provide details on a wide range of topics, so read over it carefully before moving into a new home or apartment for rent. For instance, it will specify the monthly rent, the security deposit amount, whether utilities are included, and the length of your tenancy. Further, the document may discuss stipulations for pets, quiet hours, parking, maintenance and repairs, and overnight guests.
How to Terminate a Rental Lease
When signing a lease on a home or apartment for rent, you agree to live there for a certain length of time. If you need to move out before the rental term is over, you will need to explore the available options. Usually, the landlord has the right to hold you to the contract, enforcing payment for the remaining months left on the lease. Some may allow you to move and keep your security deposit in lieu of a buyout. The agreement usually states the consequences for early termination of the lease. If your rights as a tenant have been violated, the document may be deemed invalid, allowing you to leave the situation without incurring any penalties.
If you are searching for a place to live, the team at EXIT Realty Urban Living will guide you through the process. They know of all the best homes and apartments for rent in Hudson County, NJ, and the surrounding areas. The real estate agency has made a name for itself by providing clients with superior service and high-quality property options. Call (201) 380-4200 to schedule an appointment, or visit their website to view current rentals.