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Navigating Rental Lease Agreements In Bloomington: What You Should Know Before You Sign

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

Finalizing a lease to rent an apartment might seem unnerving, especially if you haven’t done it before. Although it’s factual some rental lease agreements in Bloomington include more legal speak than others, they are generally pretty straightforward. Take a moment to explore what you can plan to find in a lease and what to watch out for to protect yourself.

What Are Standard Parts Of Apartment Lease Agreements in Bloomington?

Fenced dog park at The District at Saxony Apartment Homes

All apartment lease agreements will include the basics, like the monthly rental charge, the length of the agreement, and the names of everyone who will reside in the apartment. You might also discover other details particular to the apartment complex. In general, you should anticipate finding the following:

  • Names of Resident and landlord. Almost always, the landlord will be called the “lessor” and the person renting as the “lessee.”
  • Property details. You will be given the property’s name, street address, and your apartment’s number. Within the contract, it may be referred to as “the premises.”
  • Length of tenancy. The The rental period is a vital detail. You should anticipate seeing the beginning and ending dates.
  • Names of tenants. Be prepared to detail all people who will occupy the apartment.
  • Monthly rent. The lease will denote the rental amount due monthly. You should also see a due date, how to make payments, allowed forms of payment, and information on late fees.
  • Security deposit requirements. The security deposit dollar amount will likely be listed. If there are other charges like cleaning fees, they need to be listed as well.
  • Utilities. Your lease will detail what utilities you have a responsibility to pay. It might also specify any other costs connected to utilities.
  • Pet information. Your Bloomington rental lease agreement will tell you if pets are permitted, what kinds, and if there are weight or size limitations. You’ll also get info about monthly or one-time pet fees.
  • Resident responsibilities. This part of the lease outlines what is expected of Residents, including general maintenance like changing light bulbs and getting rid of garbage in approved places.
  • Landlord obligations. This portion lets you know what is the responsibility of the landlord, such as plumbing repairs, HVAC service, and electrical repairs.
  • The above includes the most common parts of a lease, but you can also discover restrictions on how you can use your unit. To illustrate, you are likely not allowed to sublease or partake in commercial endeavors. Make sure you understand the limitations, and be sure to ask questions.

    What To Beware Of In Bloomington Rental Lease Agreements

    Clubhouse at Continuum apartments in West Lafayette

    If you’re leasing at a reputable apartment community in Bloomington, you won’t need to concern yourself about suspect clauses concealed in the fine print. But you always need to be on the lookout. Here are a couple warning signs to watch out for:

    • Verbiage in a rental contract that permits changes to a lease. Avoid signing a contract that is incomplete or permits the property manager| to make adjustments once you sign.
    • Lease agreements where the Resident is required to handle all repairs and maintenance.
    • Changes aren’t documented. For example, if you get a lease shorter than the year or arrange a smaller security deposit, make sure it’s included.
    • Begin Your Lease At City Flats on Walnut In Bloomington

      Ready to find your new home? Request a tour at City Flats on Walnut in Bloomington and check out our roomy units and upscale amenities. If you have questions about the rental agreement, our friendly staff is ready to help you. Reach out to 812-578-8827 today to find your ideal apartment.