Posts Tagged ‘Lease’

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3 Common Repercussions of Breaking Your Lease

Thursday, February 4th, 2010

The repercussions of breaking your lease can haunt you for years after. It will impact your ability to rent future apartments, or cost you money that can lead to financial hardship. Breaking your lease should be the last resort, and in most cases, it should not even be an option. Here are 3 common repercussions of breaking your lease:

1. Pay for Rent after You Move

The worst case scenario for breaking your lease is that you’ll have to pay rent on…

4 Instances a Landlord Can Terminate Your Lease

Monday, January 18th, 2010

A landlord can terminate a lease for any reason allowed under state law and the lease agreement. It’s never a happy ending when the landlord has to go through the legal hoops to get a tenant out of an apartment. It’s better to resolve any issues prior, which may help you rent a future apartment. Here’s a list of 4 instances in which a landlord can terminate your lease:

1. Lease Expiration

A landlord can terminate a lease when the lease expires.…

Negotiations in a Lease Agreement

Monday, January 4th, 2010

When you sign an agreement to lease an apartment, you are entering into a legally binding contract with your landlord. Like all contracts, the terms you agree on are negotiable. Understanding your rights and the negotiating process will help you to sign a lease with more favorable terms.

Is Everything Negotiable?

In some contracts, all of the terms are negotiable. A lease agreement is a little different in that certain clauses in your contract are fairly standard. For example, the payment, security…

Different Terms for Different Lease Agreements

Monday, January 4th, 2010

No two lease agreements are exactly alike. Each tenant has a unique situation which requires a negotiation of the terms or the addition of more terms. Knowing the different terms of a typical agreement will help you negotiate the best agreement possible.

Lease Term

This clause in your lease agreement is straightforward. It lists how long you’ll rent the apartment for. Typical lease terms are month-to-month, three months, six months or one year. You’ll want to negotiate the shortest term possible, while…

Review a Sample Lease Agreement

Wednesday, December 30th, 2009

Before you sign your lease, it’s good to review the key terms found in a sample lease agreement.  A lease is a mutual agreement between a landlord and tenant that lays out the expectations for living in the apartment. It includes everything from how much you’ll pay for rent to your promise not to be a noise nuisance to your neighbors. Here’s a review of terms you might see in one:

1. Term

This section of the lease states how long you…