Most people enter into a rental lease contract at some time or other in life. However, most of them stay clueless about the consequences of a lease once they enter the contract. It is known very well that these contracts often tend to favor one party over the other, and protect the interests of landlords more than those of tenants. Find out about some of the top points to negotiate in a rental lease agreement in Kentucky.
Lease duration
In case a lease contract ends in 2 years, and you want to end the lease prior to the expiry of the lease period, you will possibly have to pay a cancellation fee. Depending on the landlord, this fee can be in the range of 50 – 80% of the rental amount that is remaining. However, a proper lease contract should specify that the lease can be ended with a notice period of a month without the need to pay any cancellation charges.
Interruption of services
The lease agreement should mention that the renter should not withhold rent payment in case of any break in the essential services, such as AC, water, electricity etc. However, this is a point to negotiate as the contract should also specify that the landlord must regularly look at and address all the potential problems associated to services before they get too serious.
No Claim clause
Tenants need to negotiate the clause with the landlord, to ensure that the latter is liable in some way or the other if the renter suffers any injury or loss due to any negligence on the part of the landlord.
For more information about getting a rental lease agreement in North Dakota, please visit this website.
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