Common Contracts

Apartment rent agreement format in word

March 24th, 2021

• Filed
  March 24th, 2021

Rent is a fee you pay in exchange for the use of someone’s property. Apartment rent gives you the right to occupy a residential apartment and the terms of your occupancy are described in the lease. Some of the things a lease covers are the amount of rent, when it’s due and fees or penalties for late payment as well as any tenant restrictions. Exactly how apartment rent works can vary somewhat from one landlord to another, so be sure you understand a lease before you sign it. When you rent an apartment, you pay the landlord an amount specified in the lease. Usually rent is paid monthly. The rental amount stays the same for the term of the lease. A one-year lease is the most common, although you may come across landlords who offer lease agreements of different lengths, particularly in a college setting. Rent is due on a date stated in the lease, often the first day of the month. Landlords may allow a grace period. For example, when the rent is due on the first, you might have until the f