Renting an apartment is a rite of passage for most people. But if you’re considering renting a new apartment, it's important to understand the process of renting an apartment, including your rights and responsibilities.
Understanding Your Lease
A lease is a legal agreement between the owner of the property and the renter. It lays out the terms and conditions of the agreement and specifies the rights and responsibilities of each party. For example, a lease will stipulate the rental price, any required deposits, the monthly due date, the length of the lease, and the consequences of breaking the lease. Leases may also cover other restrictions on the use of the property such as whether or not pets are allowed, the number of people who may live there, and whether smoking is allowed.
It is important that you read and understand the entire lease agreement before signing it. By signing the lease, you promise to adhere to the lease...
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