Tenant’s Rights - Type of Lease

Renting Real EstateMany of us are tenants for alot of reasons and because you are renting an apartment at times you have landlords that behave as if he has all rights to do whatever they want to do without getting your permission. If you never know as a tenant you have rights and i will give you some here everyday. Today we will tell you about the different types of leases there is when renting.

Type of Leases
A standard fixed-term lease typically runs for a 12-month period and may or may not be renewed after the period expires.

A self-extending lease is one which automatically renews itself if neither the landlord nor the tenant gives formal notice that there will be no renewal by the date specified in the lease.

Essential Notes

*Describe in the lease all rental terms, conditions, and charges. During the lease term, the landlord cannot add a charge for the use of facilities that were available at no cost when the lease was signed.

*Check that all blanks appearing in the lease have been filled in and that the agreed upon rent is stated.

*Write into the lease all verbal promises, additional clauses or clarifications made by either party. Both you and the landlord must initial each change.

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