A student apartment housing contract agreement is a legally binding contract between a landlord, or owner of a property, and someone who is renting their property or the tenant. Before signing this legal document, you as the renter need to understand everything included within the housing contract.
A Housing Contract Defines Length of Contract
A housing contract defines the length of the contract between you and your landlord. Housing contract length can span six months, one year, two years or more. Student housing contracts might vary slightly. Therefore, make sure you understand exactly how long your housing contract, or legally binding contract, will be before signing on the dotted line.
It Can Set a Payment Schedule
A housing contract will oftentimes include important information like how much installment payments you will owe and when it is due. It might also specify if this money should be paid by cash, check or via electronic transfer. It will probably outline what will happen if you don’t pay on time as well. Perhaps, you will have to pay a late fee the first time you are late on installment payments. However, they might be more lenient and only require additional money after you have been late more than once. Find out for sure though before signing. Your goal should always be to pay your installment payments on time, but if something unforeseen happens that results in a late payment, you want to know what penalties you will face.
It Defines The Deposit
Most landlords require a deposit up front, before your move in. This amount should be stated within the housing contract. The contract should also let you know what you have to do to get that deposit back, or how you could lose it. Make sure you find this out before signing a student apartment housing contract agreement.
Outlines General House Rules
The student apartment housing contract agreement should also contain any rules that you have to follow as a tenant. These rules could include guidelines about pets, or might reveal whether or not you can have overnight house guests. Be sure to read over the housing contract carefully for these house rules. You don’t want to break them and face a fine or eviction.
Tells You Who is Responsible
Finally, the housing contract should let you know your responsibility with regard to the bills. For example, some landlords pay for the utilities for each unit, and that cost is figured into your installment payments. Others expect their renters to pay their own utilities. A housing contract should also let you know what, if anything is your responsibility when it comes to maintaining the apartment. Furthermore, it should educate you on how to issue a complaint if something is broken and needs attention.
Before signing a student apartment housing contract agreement, you should look for all the elements listed above and make sure you are well educated about what’s expected from you as a tenant. This will tell you what you need to know before signing a student apartment housing contract agreement. Contact us at Douglas Heights for more information on our student apartments.