Finding student housing is often an exciting process for students.
It’s also a process that can be very confusing, especially for those who have never signed a lease before.
Before you head off to college, there are some things about leases that every student should know.
As long as you are prepared, you should be able to handle everything a new apartment can throw at you. Below are just a few of the things that every student needs to know about their apartment leases.
Leases are Legal Documents
Perhaps the most important thing that any student needs to know about his or her first lease is that this document is actually a legally binding contract. In most cases, a signed lease holds you liable for the agreement that you’ve made with the leasing company.
This means that you’re going to have to deal with the consequences of breaking a contract if you choose to leave your apartment before your lease term has ended. Make sure to take the time to read the document and look up what appropriate lease terms are before signing.
Your Lease Defines Your Rights
Your rights as a tenant are defined in your lease. At a basic level, this gives you the right to things like the quiet enjoyment of your property and the right to be given notice before your landlord enters your property.
Different apartments have different rights in their leases, and it’s important that students read these documents carefully so that they can determine exactly what they should expect out of their apartments.
You should be able to enjoy the rights to a safe, clean, and private apartment, regardless of your situation.
Leases Also Define Your Responsibilities
While leases outline your rights as a tenant, they also outline your responsibilities. This is incredibly important for students who live with roommates, as most leases will outline when rent needs to be paid and how the rent must be collected from those who live in the apartment.
There’s a huge difference between paying your share of the rent directly to the landlord and having to gather rent payments yourself from everyone who lives in the apartment—and if you don’t know what you have to do, you’ll need to consult your lease.
Any Lease Can Be Broken
Finally, be aware that virtually any lease can be broken if necessary. In some cases, you’ll be able to move away free of charge so long as there is a cause that was stated in the lease document.
other valuable tips:
If you don’t have a cause, you should also be aware that you will still be responsible for paying some sort of penalty if you choose to leave early. Breaking a lease should never be done lightly, though. Try to think things through carefully before breaking it.
Always read your lease before you sign it. Every lease contains vital information, so make sure you know what it says before you make a commitment. A few minutes spent reading can help you have a much more pleasant renting experience.
It’s important for students to understand these 4 things about leases so that they can make the best decision for their campus living arrangements.
Image Credit: apartment leases by Pixabay
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