When looking for the right lease agreement template, one of the things you should take into consideration is whether the lease is short-term or long-term. The difference is the length of the contract and whether or not there are clauses.
Lease term refers to how long the contract is and the difference between short-term leases and long-term leases is in the time allotted. A short-term lease is where you enter into a contract for a specific period of time. This includes a month, week, day, or week as well as a specific period of time.
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In most cases, you can break a lease up into a few short-term leases. One lease may be for a month and half. The other lease may last for a year or more. Some contracts include a clause that allows a tenant to extend the lease term for up to an additional three years, but this is not always included.
A long-term lease is where you enter into a contract for the entire term. Most lease agreements will also have a clause allowing for renewal at any time during the agreement.
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The type of clause used in a lease will be determined by what you want from the lease. If you want something to work out in the event that you are no longer living at the property, there are special clauses you can include in the lease.
Another thing to take into consideration when choosing your sublease agreements is whether you want to include a clause that requires tenants to pay their rent on time. This type of clause is generally called a late fee clause. This type of clause will cost you more money if you do not pay your rent on time.
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While most leases that include sublease agreements have a clause to allow for rent renewals, there are some agreements that do not. In these cases, the landlord can decide whether or not the contract needs to be renewed.
It is important to note that there is a difference between a lease and a sublease agreement. You need to understand this distinction before signing a contract.
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With a lease agreement, the landlord is going to be responsible for collecting the rent. You may be responsible for paying a deposit and/or security deposit to secure your apartment. The landlord may also own the apartment, so he can legally raise the rent.
A sublease agreement is just that, a contract between the landlord and the tenant. The tenant is responsible for paying all the money owed to the landlord, but the landlord does not own the apartment.
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Before signing a lease agreement, you must be aware that there are some things that are considered a “catch” with a sublease agreement. Some of these “crats” can make the agreement invalid and void.
Some landlords will put a clause into the lease agreement that says that if you move out within three years of signing the contract, they will give you credit for the rent that you owe them, but that is not actually true. You can sue them and get the rest of the money you owe them. Other landlords will give you a credit for the “premium” that they paid in advance of the lease, which is the money they put down as the down payment on your apartment.
One thing to consider when signing a sublease agreement is that you are only renting the apartment if you pay the rent on time. Even though the landlord has legal ownership of the apartment, he still has to protect his investment by requiring you to pay the rent. If you move out, he has the option to sell your apartment and gain full ownership.