Lease
Agreements
If you decided to seek off-campus
housing, you will be required to sign a lease agreement.
A "lease" is a binding legal contract between you and
the property owner, the landlord. When you sign the
lease you are obligated to pay the landlord monthly rent
for the duration of the lease. Most leases are for a
fixed period of time, and it is usually difficult to
break the lease. Therefore, before you sign you should
be sure that you could live with your decision for the
duration of the lease. In case you decide to break out
of the lease, talk to your landlord or management
company. They might allow you to ‘sublease’ – to find a
tenant to take over your lease for the remaining of the
contract. In case you are subleasing your apartment to
another tenant, you will probably remain responsible for
their actions. Make sure all conditions are clear to
both sides of the contract and get it all in writing.
Sign the lease only when you are in full understanding
of all the terms of the lease, and do not sign it unless
you are completely satisfied with the apartment and
surrounding property.
Upon signature you will be required to pay a
‘security deposit’, mostly one month rent, in addition
to the rent of the first month. The security deposit
will be refunded when you move out, provided you left
the apartment in good condition.
Most apartments come equipped with appliances, such
as stove and refrigerator, but you may need to purchase
some of the furniture and other equipment. In most cases
you will be responsible for paying the cost of your
telephone service, electricity and gas. These service
providers may ask you to pay a deposit before service is
activated. The deposits will be refunded or credited to
your account upon termination of your service, provided
you have no payments due. It is also useful to know that
most buildings have a "super," a person who’s paid to
make sure the building is running smoothly. If you have
any problems in your apartment such as plumbing or
electricity, the super should fix it free of charge.
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