When searching for a new apartment or rental property in Philadelphia, one of the most important documents you`ll encounter is the lease agreement. A lease agreement is a legally binding contract between a landlord and tenant that outlines the terms of the rental arrangement, including rent amount, security deposit, move-in date, and more.
Before signing a lease agreement in Philadelphia, it`s important to fully understand the terms and conditions outlined in the document. Here are a few key things to keep in mind:
1. Rent amount: The lease agreement should clearly state the monthly rent amount and when it is due. In Philadelphia, landlords must provide renters with at least 30 days notice before increasing the rent.
2. Security deposit: The lease agreement should outline the security deposit amount and when it will be returned to the tenant, less any damages or unpaid rent. In Philadelphia, landlords are required to return the security deposit within 30 days after the tenant moves out.
3. Lease term: The lease agreement should state the length of the lease, whether it`s a month-to-month arrangement or a fixed-term lease (such as a one-year lease).
4. Maintenance and repairs: The lease agreement should detail the landlord`s responsibilities for maintaining the property and making repairs, as well as the tenant`s responsibilities for keeping the property clean and reporting any damages or issues.
5. Pets: If you have a pet or plan to get one, make sure the lease agreement allows for pets and outlines any pet-related fees or restrictions.
It`s also important to note that Philadelphia has a variety of tenant protections in place, including a requirement for landlords to provide a Certificate of Rental Suitability and a requirement for landlords to provide reasonable notice before entering a tenant`s unit.
In summary, when reviewing a Philadelphia lease agreement, it`s important to pay close attention to the rent amount, security deposit, lease term, maintenance and repairs, and any pet-related provisions. By understanding these key terms and protections, you can ensure a smooth and successful rental experience in the City of Brotherly Love.