A lease is a legal document. Legal document. That means that once you sign it, you are bound by it. So you would think people would read through these things before they sign them, wouldn’t you?
After getting burned by a bad lease once (they sold the house out from under us and forced us to move out with less than one month’s notice, which was perfectly allowable under a clause in the lease), I’m a little pushy when it comes to leases. I think everyone should not only read through their, but have to read through it with their landlord there to answer any questions or concerns. You need to make sure you understand what it is you’re signing, before you go ahead and sign it.
Now, before we get into specifics of your lease, there is one thing you need to know above everything else: you need a copy of your lease. No, I’m not being a smart-ass here. I mean after you read through it and decide to sign it, you legally have to be given a copy of your lease for your own personal records. And you damn well better keep that thing, too! You may need it if things go sour.
Finances: Your Basics
There are a few things you absolutely need to have included in your lease, such as how much you are responsible for paying each month, and when you move in. Most places will have you give them a security deposit, which is usually equal to one month’s rent. Legally, if the place is in good repair when you move out, you get this back. It should state all of that right in the lease.
Now, what you pay each month should be in there. What is your monthly rent? Does it include utilities? Right now, I’m lucky with the lease I have. I am renting a room in a house (currently have 3 other roommates, with room for one more). For around $400 a month, I get my room, all my utilities paid for, basic cable, unlimited internet, on-site laundry, on-site parking, a backyard, and some of the furniture here is also included. Most places are not this amazingly great, though. Always check your lease to see what, if any, utilities are included in your lease. You may have to pay for your own internet, or electricity, or for all your utilities separately.
Also, you need to know any and all penalties in the lease. Some landlords throw in a charge for bounced checks, late payments, damages above and beyond the security deposit, or other such things. I knew one person whose roommate got hit with a heavy fine for smoking in his room, when the lease clearly said there was to be no smoking in the house.
So just how long is this lease for? In college and university areas, many landlords have an 8 month option and a 12 month option. If you’re only going to be around during the regular school year, make sure you’re not signing a 12 month lease! Even if you move off site before the lease is done, you are responsible for the payments.
You should also see if the lease mentions what happens after the lease is up. Some landlords make you sign a new lease for a full term. I’ve known others who automatically transition the lease to a month-by-month lease, meaning you can move out any time you want with only one full month’s notice. Know which one your landlord requires, in case you like the place enough to stay there multiple terms.
This is one part of the lease a lot of people don’t pay enough attention to. After getting burned by our previous landlord, my then-roommate and I made sure to go through our lease with a fine toothed comb. There were some things in there that made me laugh, which apparently had to be included after bad experiences with former tenants. No storing tanks of butaine, propane, or any other highly explosive or flammable gases in the apartment. No waterbeds. No keeping of fireworks on site. No creating compost piles in the livingroom. I shudder to think of the reasons why they had these rules!
There were also a few things in there that were really, really important to know. If we wanted to leave before our lease was up, we were not allowed to sublet the apartment to anyone else, and would be held responsible for all payments. We were not allowed to have any pets at all, not even a goldfish in a bowl. There was even a clause about the number and frequency of overnight guests (which is a long story you will probably hear about involving our upstairs neighbour and the grow-op).
When Things Go Wrong
Sometimes, things go wrong. Pipes clog. Stoves catch on fire. Homes get vandalized or broken into. I can remember a few years back, on my damn birthday, I was living in a basement room in a house. I could hear something hitting the back window, and young voices outside. It turned out to be two local teens (15 years old), who decided to draw all over the back of the house with a giant Sharpie and dig random holes in the backyard. I called the police, and listened while the boys were questioned (“Why were you drawing on the house?” “Duh, we were bored. And like, we didn’t know people live here.” “What about the car in the driveway, and the for rent signs, and the lights on in the house?” “We didn’t see any of that. Can’t we just go?” It was comedy gold). Afterwards, I had to contact the landlord. Thankfully, it said right in our lease what to do if something like this happened, since our landlord lived a few hours away. I took pictures of the damages (why do young boys like to draw dicks on everything?), and sent an email to the landlord, telling her what happened, showing her the pictures, and giving her the information from the police that I was asked to pass along. We were able to get the house cleaned up and everything taken care of in a matter of days.
Your landlord should include some sort of contact information in your lease. In larger apartment buildings or dorms, you might have on-site management who can take care of things right away. In other situations, you may have to make a few phone calls or send a few emails. Either way, how to take care of things like this should be in your lease.
Now that you know all of this, go take a quick read-through of your current lease, if you have one (and you kept a copy of it). And the next time you rent or lease some place new, you’ll know a little of what to look for in that document.