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Your Guide To Rental Lease Agreements In Bloomington: What To Know Before Signing

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

Signing an agreement to rent an apartment may seem daunting, especially if it’s your first one. While it’s factual some rental lease agreements in Bloomington pack in more legal jargon than others, they are usually pretty straightforward. Take a moment to see what you might expect to find in a lease and what you ought to beware of to keep yourself protected.

What Are Common Aspects Of Apartment Lease Agreements in Bloomington?

Fenced dog park at The District at Saxony Apartment Homes

Every apartment lease agreement will have the typical info, like the cost of rent, the length of the contract, and the names of everyone living in the apartment. You might also discover other items specific to the community. As a general rule, you should anticipate finding the following:

  • Names of Resident and housing provider. Almost always, the housing provider will be referred to as the “lessor” and the tenant as the “lessee.”
  • Property description. This info includes the property’s name, street address, and your unit’s number. In the agreement, it may be termed “the premises.”
  • Contract length. The length of your rental term is a critical detail. You can anticipate seeing the start and end dates.
  • Names of inhabitants. Expect to detail all people who will reside in the apartment.
  • Cost of rent. The lease ought to denote the cost of rent due each month. You will also see a due date, instructions on how to pay, acceptable ways to pay, and info regarding late fees.
  • Security deposit amount. The dollar amount of the security deposit will likely be listed. If there are additional expenses like cleaning fees, they ought to be listed as well.
  • Utilities. Your agreement will detail what utilities you are responsible for paying. The lease might also specify any other charges associated with your utilities.
  • Pet info. Your Bloomington rental lease agreement will tell you if pets are permitted, what types, and if there are size or weight restrictions. You’ll also get details of recurring or one-time pet charges.
  • Resident expectations. This section of the agreement identifies your obligations, such as simple maintenance like switching out light bulbs and putting garbage in approved bins.
  • Landlord obligations. This part informs you of what is the responsibility of the property manager, like plumbing fixes, HVAC service, and electrical issues.
  • The above includes the fundamental aspects of a lease, but you might also expect to find restrictions on how you are able to make use of the property. For example, subleasing or using the apartment for commercial intents may be forbidden. Ensure you understand the rules, and be sure to ask questions.

    What To Look Out For In Bloomington Rental Lease Agreements

    Clubhouse at Continuum apartments in West Lafayette

    If you’re moving to a respected apartment community in Bloomington, you won’t have to fret over suspect clauses concealed in the agreement. But you must always be on the lookout. Here are some warning signals to be aware of:

    • Verbiage in a rental contract that authorizes changes to a lease. Avoid signing an agreement that doesn’t look complete or authorizes the property manager| to make adjustments once you sign.
    • Lease agreements where tenants are obligated to handle all maintenance and repairs.
    • Term adjustments aren’t recorded. For example, if you agree to a lease shorter than the standard year or arrange a reduced security deposit, make sure it’s documented.
    • Start Your Lease At City Flats on Tenth In Bloomington

      Ready to find a new apartment? Request a tour at City Flats on Tenth in Bloomington and explore our distinctive units and popular amenities. If you would like to ask about the leasing agreement, our office staff is standing by to help. Dial 812-561-1974 today to find your ideal apartment.