When negotiating a residential lease, it is important to know what to consider and what to include. Because a lease agreement outlines the relationship between a landlord and the tenant, it is helpful to be familiar with the residential leasing process and what should be included in a lease.
To begin with, when negotiating lease terms, the landlord will likely want all of the adult tenants to sign the lease and will want to make sure to be aware of all the adults that will be living in the property. The lease should also define any limits of occupancy. In addition, the amount of rent due, when it is due and if there are any fees for paying rent late should also be specified in the lease terms. Any deposits or fees that are required should also be specified in the lease.
The lease term should also be stated in the lease which can include duration of the lease and also what will happen at the end of the lease term. What happens at the end of the lease term can also be impacted by state laws so it is important to be familiar with what the laws are in the state where the lease is executed. The landlord’s right of entry should also be specified in the lease. Rights of entry can also be impacted by state laws. How the property will be maintained and repaired should also be included in the lease.
Restrictions on disruptive or illegal behavior in the property should be stated in the lease terms, as well as any permission to have pets that should also be included in the lease. It is also important to know what is required for a lease to be properly executed and for landlords and tenants to both be familiar with their rights during the lease negotiation process.