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Navigating Rental Lease Agreements In Indianapolis: What You Should Know Before Moving

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

Signing a lease to rent an apartment may seem unnerving, especially if you’ve not done it before. Although it’s true some rental lease agreements in Indianapolis include more legal jargon than others, they are usually pretty uncomplicated. Take a moment to see what you can plan to find in a lease and what to watch out for to protect your best interests.

What Are Typical Elements Of Apartment Lease Agreements in Indianapolis?

Fenced dog park at The District at Saxony Apartment Homes

Each apartment lease agreement will include the standard information, like the rent cost, the length of the contract, and the names of everyone living in the building. You may also see other items about the property. Generally speaking, you can expect to see the following:

  • Names of Resident and housing provider. In the great majority of cases, the landlord will be called the “lessor” and the person renting as the “lessee.”
  • Property details. You will be given the name of the property, street address, and your unit’s number. Within the agreement, it may be referred to as “the premises.”
  • Length of tenancy. The The rental period is a vital tidbit of information. You should anticipate seeing the beginning and end dates.
  • Names of occupants. Be prepared to detail everyone who will reside in the dwelling.
  • Amount of rent. The contract will denote the cost of rent due every month. You should also find a due date, instructions on how to pay, approved payment forms, and information on late fees.
  • Security deposit and fees. The dollar figure of the security deposit ought to be specified. If there are extra expenses like end-of-lease cleaning fees, they ought to be listed also.
  • Utilities. Your contract will indicate what utilities you must pay. It could also specify any other costs related to utilities.
  • Pet info. Your Indianapolis rental lease agreement will tell you if pets are allowed, what sorts, and if there are other restrictions. You’ll also see information regarding monthly or one-time pet fees.
  • Resident expectations. This section of the contract identifies what is expected of Residents, covering general maintenance tasks like changing light bulbs and putting garbage in authorized places.
  • Landlord responsibilities. This portion lets you know what is expected to be handled by the landlord, like plumbing fixes, HVAC service, and electrical issues.
  • These are the fundamental aspects of a lease, but you might also discover limitations on how you may use your apartment. To illustrate, subleasing or utilizing the apartment for commercial ventures may be forbidden. Ensure you comprehend the limitations, and don’t hesitate to ask questions.

    What To Look Out For In Indianapolis Rental Lease Agreements

    Clubhouse at Continuum apartments in West Lafayette

    If you’re leasing at a reputable apartment community in Indianapolis, you won’t have to fret over suspect clauses buried in the agreement. But you should always be on the lookout. Here are some warning signs to be aware of:

    • A clause in a contract that authorizes changing of a lease. Avoid signing an agreement that doesn’t look complete or allows a landlord| to change things after you sign.
    • Lease agreements where tenants are required to handle all maintenance and repairs.
    • Changes aren’t reflected. To illustrate, if you come to an agreement on a lease shorter than the usual year or arrange a reduced security deposit, make certain it’s documented.
    • Sign Your New Lease At Penrose on Mass Apartments In Indianapolis

      Are you trying to find your new place to live? Schedule a tour at Penrose on Mass Apartments in Indianapolis and explore our distinctive units and well-liked amenities. If you have questions about the rental agreement, our friendly representatives are ready to help. Reach out to 317-661-4399 today to get started.