Leases: What to look for!

A lease is alegal document that should leave no question as to what is expected from both landlords and tenants, and who is responsible for what.

Here are just a few things to make note of when signing a lease:

How much notice is required prior to moving?

How large a deposit do you have to make?  Some agreements require first and last months’ rent in addition to a security deposit.

How much cleaning is required upon leaving to get your deposit back?

Is the lease month to month, or a 6- or 12-month period?

Find out what kinds of cosmetic changes you can make, such as painting walls and adding shelving.

Consider how much you can afford to pay.

Be prepared: Create a renter’s resume with your current and previous addresses and landlord phone numbers, your employer and length of employment, your current salary among other information. This way you don’t have to scramble when asked for the information.