Thursday 21 May 2015

ASPECTS WHICH REQUIRE CONSIDERATION WHILE TAKING FLAT ON LEASE


If one is contemplating a move to an apartment, they should be sure and they should know their rights and obligations before they sign a lease agreement.A perfect apartment is the one which has the right neighborhood, nearness to the train or bus lines for commuting, at the right rate, in a secure building, though however, there are other apartment features they have on their list.  When one thinks they've found out the right apartment, they should protect themselves by reviewing the lease agreement before they sign it and ask a few questions to their Landlord. Moving into an apartment without a lease agreement can cause problems, as their rights and obligations are not defined.

 If they have an apartment lease in hand and if they are ready to sign, they should have a re-look on the clauses of the lease deed before they put their signature on the dotted line. If the Landlord is using his own apartment lease form instead of a standard form, they should read it carefully and shouldn't hesitate to ask for changes if they feel the terms are too restrictive.  If the terms and conditions of the apartment lease are not to their liking and there are serious concerns, they may have to rethink their dream apartment and keep looking. The following are the few questions which require answers:-

Security:
Generally, one must see as to how much security is provided. If there is a parking garage, there must be security for that garage, 24 hours a day.

Elevators:
If an apartment has an elevator system, is it inspected often. If there are problems with the elevator, is there a number that one can call or they should call the Supervisor to lodge the complaint.


Apartment supervisor:
If an apartment building has a Supervisor, one should check whether he/she is resident in the building or not. They should take note of the timings of the Supervisor to meet them in their free time and the services that he provides.

Pets:
Generally, if one is allowed to have pets in the building, they should make sure that their neighbours are comfortable with it.

Garbage and incineration:
Make sure that your Landlord provides services and systems for garbage or incineration. There should be a garbage receptacle area in the building, or they should throw their garbage down into an incinerator. Ask the Owner whether the Clean-up and sanitation is done on a regular basis to ensure that the garbage does not attract rats or vermin.


Apartment security deposit:
Typically, a Landlord will ask for payment upfront, equal to few months rent to hold for any repairs he may have to make if they leave the apartment in disarray at the end of their lease. They must make a Security Deposit, and find out when they can expect to get it back when they are ready to move out and what deductions the Landlord would be making out of the Security Deposit.

Apartment vacancy and sublease:
One should make a note that if they sublet the apartment for some reason, continue to pay rent, can they move back in or will the Landlord seize the apartment and cancel the lease with penalties.


They should also consider any specific requirements that they have and add those to the list of questions they want to ask their Landlord. They should be sure and ask all of these questions and review the apartment lease before they make a decision on an apartment.

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