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COMPARING MULTIPLE LEASES

Before you commit to a decision as important as the one regarding where you will reside, often for two years or more, you will need to carefully compare elements of multiple leases. This, of course, does not represent the first type of comparison you will engage in concerning apartments, townhomes, duplexes, mobile homes, or other rental properties. Throughout the time of your search for an appropriate and cost-effective residential solution, you will probably feel that you are in a constant state of comparison. You will need to compare size of floor lay-out, proximity to your work or college, cleanliness and safety of grounds, and much more. In all of your investigative work, make sure you do not neglect to compare one proposed lease against another.

Because leases contain stipulations that will determine, to a certain degree, permissible behavior on your premises, such as growing a balcony garden, and how long you are expected to stay there, the importance of these legal documents is hard to overstate. Some renters are so pleased when they find a residence they like which comes at an affordable monthly rent rate that they tend to skim over certain parts of the lease, perhaps believing that there doesn't tend to be a great deal of variation from one lease to the next. Make sure that you do not get caught up in the excitement of having found an apparent winner of a rental home; a seemingly great deal, after all, can sour quickly when it is rented under undesirable terms.

Elements of the Lease

While it is true that there are ways in which leases tend to look similar, this similarity is usually in context more than content. For instance, the majority of leases will probably mention something about tobacco use on the property. If you are a regular smoker, the specific approach a property management team takes to tobacco use will be of great significance to you. For that matter, if you are not a smoker, you should pay careful attention to this provision also. If you will be leasing one room in a apartment or other rental property, and therefore will instantly find yourself among roommates, you will probably have a rather strong investment in whether cigarette smoking is permitted indoors whether you engage in this activity or not.

There are other similar stipulations that should be carefully examined with your own tendencies and lifestyle choices kept in mind. Find out if there are noise regulations, general regulations or those that kick in at a certain time of night. If you are a social butterfly who frequently has get-togethers, you will probably have a different perspective on noise regulations than the person who needs quiet for late-night studying. What a lease spells out about sound regulation could potentially help you decide if a certain rental property is right for your needs.

Length of Time on Lease

One of the main respects in which people do tend to compare leases involves the length of time on them. It is typical enough for a lease to be written for one or two years. You may also, if this is in your best interest, be able to arrange a shorter lease, perhaps one for six months. While some property management teams may offer this as one option out of several, you may very well have to request a shorter lease. If one is not available for a certain property and you know you will be unable to fulfill the named lease term, you should spend time comparing multiple leases to secure the best option for you personally.

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