Lessening the Confusion and Decoding the Language of Leases

1
Lessening the Confusion and Decoding

• the Language of Leases

2

• If you are interested in leasing downtown
  Scottsdale condos in the near future, it is
  important that you learn more about the typical
  terms in a lease.

3

• When you lease a downtown high rise condo or
  mid-town high rise condo, the landlord will have
  the option to use his or her own lease or a
  standard lease template prepared by the Arizona
  Association of Realtors.

4

• Regardless of the format that is used, this will
  be a valid, legally-binding document once both
  parties have signed it.

5

• Therefore, it is important that you understand
  the terms of the lease before you sign it.

6

• Keep in mind that tenants and landlords alike
  have rights that are protected in the lease, but
  the lease terms can also vary from agreement to
  agreement.

7

• General Lease Terms

8

• General Lease Terms

• The lease will dictate who is legally responsible
  for payment of the rental payment and for
  satisfying all of the terms of the lease.

9

• General Lease Terms

• The people who are named as lessees or tenants
  will be the individuals who can be held
  responsible for making payments, for the
  condition of the property and for fulfilling
  other terms of the lease.

10

• General Lease Terms

• Regardless of any roommates or other adults
  living in the property, the named lessees are the
  responsible parties.

11

• General Lease Terms

• The lease will dictate lease start and end date
  for when the tenants can legally occupy the
  property, if the lease will continue on
  month-to-month after the lease expires, how much
  notice the tenant must give prior to vacating and
  other terms.

12

• Pets and Occupants

13

• Pets and Occupants

• While the named lessees or tenants are legally
  responsible for the condition of the property,
  making the rental payments as agreed and other
  factors itemized in the lease, others may legally
  live in the property.

14

• Pets and Occupants

• Other named occupants who will occupy the
  property on a permanent basis must typically be
  identified and named in the lease, and the lease
  may dictate that no other individuals shall be
  permitted to stay in the property for longer than
  a specified number of days.

15

• Pets and Occupants

• In addition, the lease will name pets that are
  allowed to be on the property and the terms of
  the pet lease.

16

• The Condition of the Property

17

• The Condition of the Property

• The lease for a downtown or mid-town high rise
  condo will also dictate the condition of the
  property.

18

• The Condition of the Property

• Generally, a tenant will be required to complete
  a condition form before moving into the property,
  and this will itemize existing damage to the
  property.

19

• The Condition of the Property

• The tenant will be required to pay for additional
  damages done to the property during the time of
  occupancy, and this cost will be deducted from
  the security deposit.

20

• The Condition of the Property

• In addition, the lease will itemize how the
  tenant should maintain the property and how to
  handle repair issues that arise during the time
  of occupancy.

21

• A lease can be detailed, and each lease may not
  be the same as others you may have signed.
  Because of this, you should read through the
  lease up-front, and you should negotiate terms
  that you are not comfortable with.

22

• In addition, you should refer to the lease as
  needed to ensure that you act according to your
  responsibilities under the terms of the lease.

23
If you are looking for a condo to buy in Tempe
for your ASU student, We Know Urban Realty will
help you find the perfect place.
24
Their realtors are experts when it comes to urban
living.
25
Visit the site to see what's available right
nowwww.weknowurban.com
26
Will Daly, BrokerWe Know Urban Realty, LLC834 E
Claremont Street, No 3Phoenix, AZ 85014(480)
510-8755Email Will_at_WeKnowUrban.com