
Rental Agreements: Understanding the Basics:
When renting an off-campus accommodation, you'll typically be required to sign a rental agreement or lease. Here's what you need to know:
1.Types of Agreements:
·Fixed-term Lease: This type of agreement is for a specified time, often 12 months. You're committed to paying rent for the entire lease term, even if you move out earlier.
·Month-to-month Lease: This agreement is more flexible, allowing either party to make changes with proper notice (typically 30 days). However, landlords can also raise rent or change terms with the same notice.
·Sublease: This is when you rent from a primary tenant rather than directly from a landlord. Ensure the primary lease allows subletting.
2.Key Components of a Lease:
·Rent Amount & Due Date: Clarifies how much rent is and when it's due.
·Security Deposit: Often required to cover potential damages or unpaid rent.
·Maintenance Responsibilities: Specifies who is responsible for things like lawn care or minor repairs.
·Termination Clauses: Explains under what conditions the lease can be terminated early and any penalties involved.
·Policies on Renewal: Details about how and when the lease can be renewed.
·Rules and Regulations: Can include rules about pets, guests, noise levels, etc.
3.Understanding Your Rights:
·Landlord Entry: In most states, landlords must provide notice (often 24 hours) before entering your unit unless there's an emergency.
·Repair & Maintenance: Landlords are generally responsible for ensuring the rental unit is livable.
·Non-discrimination: Landlords cannot discriminate based on race, religion, nationality, gender, age, family status, or disability.
·Always Read Carefully: Never sign a lease you haven't fully read and understood.
·Negotiate: If there's something in the lease, you're uncomfortable with, try negotiating with the landlord.
·Get Everything in Writing: If your landlord makes a promise (e.g., to make a repair), get it in writing.
·Keep a Copy: Always keep a copy of the signed lease in a safe place.
