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Apartment Lease Basics - What Tenants Need to Know Scott Quinn Photography/Photographer's Choice RF/Getty Images When you rent an apartment, you and your landlord will probably sign a lease, a document that gives you the right to occupy your new home for as long as the lease remains in effect. Before you sign a lease, you might wonder what the best lease term is, how much you ll owe, who else might need to sign the lease, and even whether you d be better off renting your apartment without a lease at all. After you sign a lease. you may decide you need to move out early and worry that breaking your lease may incur penalties. Or, you might take issue with a certain rule in your lease and need to persuade your landlord that the rule is unfair or that it shouldn t apply to you. Fortunately, you can be prepared and avoid many problems by reading up on the basics of apartment leases. Here s what you need to know about apartment leases :
By contrast, a month-to-month rental agreement automatically renews unless the landlord or tenant decides to end it. Although this appears to offer greater flexibility, it may come at a price. Review the pros and cons of fixed-term leases and month-to-month rental agreements to determine which option is best for you.
If you find your dream apartment but the landlord is hesitant to rent it to you after a financial background check, you can ask about this option. Learn more about lease guarantors by getting the answers to frequently asked questions . share on facebook pin to pinterest
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