A Complete Renter’s Guide To Understanding Your Apartment Lease Agreement
Renting your first place with a roommate or paying rent on your own for the first time means you need to submit a rental application to rent a residential property. Once a landlord accepts your rental application, you'll review and sign an apartment lease agreement.
Understanding the terms of a rental lease agreement is important for both the landlord and tenant. Legally binding contracts are not something a property owner or property management company takes lightly.
It's important for both the tenant and property manager to understand what's included in an apartment lease agreement before it's signed.
The lease agreement also protects both parties since the terms can't change once it gets signed. The landlord can't change the monthly rent amount or add a pet fee if the lease doesn't include a pet policy.
