Renting a new place? Before you sign on the dotted line, make sure you’ve covered all the important details to avoid surprises later. Here are 7 key things to check before committing to a rental agreement:
1. Monthly Rent & Payment Terms
Confirm the exact rent amount, due date, and preferred payment method. Also, check for any late fees or penalties to avoid unexpected charges.
2. Security Deposit & Refund Policy
Understand how much deposit is required and the conditions for getting it back. Ask about deductions and ensure everything is clearly stated in the contract.
3. Duration of Lease
Check the start and end date of your lease. Is it a fixed-term or month-to-month agreement? Also, review renewal terms and notice periods for moving out.
4. Included Utilities & Maintenance
Are water, electricity, or WiFi included in the rent, or will you need to pay separately? Also, clarify who is responsible for maintenance and minor repairs.
5. Property Condition
Inspect the rental for any damage and ensure they are documented before moving in. This helps avoid disputes when moving out.
6. Rules & Restrictions
Check for policies on pets, guests, renovations, or smoking to ensure they align with your lifestyle. Breaking these rules could lead to fines or even eviction.
7. Landlord & Tenant Responsibilities
Make sure both parties’ responsibilities are clearly stated. Who handles repairs? What are the expectations for cleanliness and upkeep? A clear agreement prevents misunderstandings later.
Final Tip:
Always read the rental agreement carefully before signing. If anything seems unclear, ask questions or request clarifications. A little caution now can save you a lot of trouble later!