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Know Your Lease (Part 2)

Mr. Stasa – Willoughby-Eastlake City Schools. Know Your Lease (Part 2). Before You Sign…. Read the small print before signing! Understand the rules and regulations before you sign If you don’t understand something you need to ask!. Items Found on a Lease. Rent amount Payment due date

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Know Your Lease (Part 2)

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  1. Mr. Stasa – Willoughby-Eastlake City Schools Know Your Lease(Part 2)

  2. Before You Sign… • Read the small print before signing! • Understand the rules and regulations before you sign • If you don’t understand something you need to ask!

  3. Items Found on a Lease • Rent amount • Payment due date • Security deposit amount • Length of lease • Number of tenants allowed • Responsibility of utilities • Late rent penalties • Eviction procedures • Moving out procedures • Breaking lease early • Pet policy

  4. Watch out for these! • Hanging pictures • Overnight guests need permission • Landlord canceling lease without notification • Owing full amount for the remaining lease if just one day late on payment • Being held liable for repairs • Lease renews for another full year if notification is not given

  5. Subletting Your Apartment • Subletting allows you to rent your space to another person while still maintaining your financial responsibility • You must ask permission from your landlord first • You must have a written agreement signed by all parties involved

  6. Misc. Fees • Are all tenants responsible if damage occurs in shared areas? • Utility connection fees • Renters insurance required? • Garage • Garbage • Pets • Parking lot fee • Bike storage

  7. When Moving Out… • 30-60 days notice needed to notify if not renewing lease • What needs to be cleaned? • What are the cleaning fees? • Carpet cleaning

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