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Understanding Rental Lease Agreements In Fishers: What To Know Before Moving

April 10, 2024
Exterior view of The Hamilton Luxury Apartment Homes in Fishers.

Finalizing a lease to rent an apartment may seem intimidating, particularly if you’ve not dealt with one before. While it’s fair to say some rental lease agreements in Fishers pack in more legalese than others, they are typically fairly uncomplicated. Take a moment to learn what you might expect to find in a lease and what to beware of to protect your best interests.

What Are Standard Parts Of Apartment Lease Agreements in Fishers?

Fenced dog park at The District at Saxony Apartment Homes

Each apartment lease agreement will feature the standard information, like the cost of rent, the length of the agreement, and the names of people who will live in the unit. You could also discover other items about the apartment complex. As a general rule, you may expect to see the following:

  • Names of Resident and housing provider. In the great majority of contracts, the property owner will be called the “lessor” and the person renting as the “lessee.”
  • Property details. This information covers the property’s name, physical address, and your unit’s number. Within the lease, it may be called “the premises.”
  • Contract length. The The timeframe of your occupancy is a critical detail. You should expect to see the start and end dates.
  • Names of inhabitants. Expect to document all individuals who will live in the apartment.
  • Cost of rent. The contract will detail the cost of rent due monthly. You should also discover a due date, instructions on how to pay, acceptable payment forms, and details about late fees.
  • Security deposit requirements. The dollar figure of the security deposit should be specified. If there are other expenses like move-out cleaning fees, they ought to be listed too.
  • Utilities. Each contract will show what utilities you have a responsibility to pay. It might also indicate any other charges related to utilities.
  • Pet restrictions. Your Fishers rental lease agreement will let you know if pets are allowed, what sorts, and if there are size or weight limits. You’ll also see information regarding recurring or one-time pet costs.
  • Resident obligations. This part of the agreement indicates what you are responsible for, covering general maintenance tasks like switching out light bulbs and putting garbage in designated places.
  • Landlord responsibilities. This part lets you know what is the responsibility of the property manager, like plumbing, roof leaks, and electrical concerns.
  • These are the most common parts of a lease, but you may also expect to find restrictions on how you can make use of the property. For example, subleasing or utilizing the apartment for commercial intents may be banned. Make sure you understand the rules, and don’t hesitate to ask questions.

    What To Look Out For In Fishers Rental Lease Agreements

    Clubhouse at Continuum apartments in West Lafayette

    If you’re renting at a reputable apartment community in Fishers, you won’t need to fret over dubious clauses buried in the contract. But you should always protect yourself. Here are a couple warning signs to keep an eye on:

    • Language in a contract that authorizes amendments to a lease. Avoid signing an agreement that doesn’t look complete or permits the property manager| to change things once you sign.
    • Lease agreements where you are required to handle all maintenance and repairs.
    • Changes aren’t recorded. For example, if you get a lease shorter than the typical year or work out a reduced security deposit, be sure it’s in writing.
    • Sign Your New Lease At State at Fishers In Fishers

      Are you trying to find your new home? Arrange a tour at State at Fishers in Fishers and explore our roomy units and popular amenities. If you would like to ask about the leasing agreement, our friendly representatives are standing by to help. Call 463-240-1709 today to learn more.