Renting an apartment is a major commitment, for both the renter and the landlord. Each party is subject to certain rights and duties. Landlords and tenants who fail to meet their responsibilities or encroach on one another’s rights risk eviction, lawsuits and a long, inconvenient dispute process. This is why it’s important for landlords to screen potential tenants and for tenants to ask plenty of questions before signing a lease arrangement. Rental Agreement A leasing agreement is a legally binding document a landlord and tenant equally sign to initiate a lease. Except for provisions that violate state laws, both the tenant and landlord are bound by the conditions of the rental arrangement. Tenants will need to read rental agreements thoroughly before signing to find out about special building policies, such as using shared area and how frequently tenants are permitted to have overnight guests. Landlords must be sure to include…
Rights & Obligations of Landlords & Tenants
