For your protection, always insist upon a written lease or rental agreement. Read the lease carefully and know exactly to what you are agreeing. If any clauses prohibit you from using the rental as you intend, finalize those items before signing.
Make sure the following items are included in your lease:
- Description of property
- Duration of the lease, including a clause to terminate the lease in case of a transfer due to employment
- Full names of both landlord and tenant
- Rent amount and due dates
- Amount and terms of security deposit and any prepaid rent
- Maintenance responsibilities
- Notice requirements when terminating the lease
- Rules and regulations of the landlord
- Rights and responsibilities of both landlord and tenant
- Items included in the rental unit (e.g., appliances, carpeting, utilities, etc.)
Questions to ask your landlord:
- Do you have the right to sublet?
- Are pets allowed?
- What deposits are required?
- Are you protected if there's a change in property ownership?
- Are you protected if the owner wishes to move back?
- What are your landlord's entry rights?
- Are laundry and recreational facilities included in the rent?
- Are electricity, water, and heat included in the rent?
- Are you charged a fee if you are late with the rent?
- Will you be able to renew the lease; if so, what are the rent increases?
- How much time is required for notice of renewal or termination of the lease?
- Is the escalation clause within local rent-control regulations?
- Are you required to have renter's insurance?
- Are there options to extend the lease or options to buy?
