Understanding the Basics:
- Definition of a lease agreement
- Parties involved: landlord (lessor) and tenant (lessee)
- Duration of the lease: fixed-term vs. month-to-month
Rent and Payment Terms:
- Monthly rent amount and due date
- Accepted payment methods
- Late fees and penalties
Security Deposit:
- Purpose and amount
- Conditions for withholding (damage, unpaid rent, etc.)
- Procedures for refund at the end of the lease
Maintenance and Repairs:
- Responsibilities of the landlord and tenant
- Reporting procedures for maintenance issues
- Emergency repair protocols
Utilities and Services:
- Clarification on which utilities are included in the rent
- Procedures for transferring utility accounts
- Responsibility for maintenance and repair of utilities
Alterations and Improvements:
- Restrictions on making changes to the property
- Permission requirements for alterations
- Restoration obligations upon lease termination
Subleasing and Assignment:
- Conditions under which subleasing is permitted
- Approval process for subleasing
- Liability of the original tenant (sublessor) and subtenant (sublessee)
Termination and Renewal:
- Notice period for terminating the lease
- Options for lease renewal or extension
- Conditions for early termination and associated fees
Legal Provisions:
- Governing law and jurisdiction
- Dispute resolution mechanisms (arbitration, mediation, etc.)
- Rights and remedies for both parties
Additional Clauses and Special Provisions:
- Pet policies
- Parking arrangements
- Noise restrictions
- Any other specific terms negotiated between the parties
