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Navigating Rental Lease Agreements In Indianapolis: What To Know Before Signing

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

Signing a lease to rent an apartment may seem intimidating, particularly if you haven’t dealt with one before. While it’s factual some rental lease agreements in Indianapolis have more legal speak than others, they are typically fairly straightforward. Take a moment to see what you may expect to find in a lease and what to look out for to protect your best interests.

What Are Standard Aspects Of Apartment Lease Agreements in Indianapolis?

Fenced dog park at The District at Saxony Apartment Homes

All apartment lease agreements will feature the standard information, like the rent cost, the rental length, and the names of everyone who will live in the unit. You may also see other information particular to the property. In general, you should expect to see the following:

  • Names of Resident and housing provider. In most contracts, the housing provider will be referred to as the “lessor” and the tenant as the “lessee.”
  • Property details. This info includes the property name, street name, and your unit’s number. Within the lease, it may be called “the premises.”
  • Terms of the tenancy. The The timeframe of your occupancy is a critical tidbit of information. You should plan to find the beginning and ending dates.
  • Names of inhabitants. Be ready to document everyone who will occupy the unit.
  • Amount of rent. The lease will indicate the rental amount due each month. You will also discover a due date, payment instructions, approved ways to pay, and details about late fees.
  • Security deposit requirements. The security deposit dollar amount will likely be listed. If there are additional expenses like cleaning fees, they need to be documented as well.
  • Utilities. Each lease will show what utilities you must pay. The lease may also specify any other costs associated with your utilities.
  • Pet info. Your Indianapolis rental lease agreement will tell you if pets are allowed, what types, and if there are size or weight limitations. You’ll also see details of one-time or monthly pet fees.
  • Resident obligations. This portion of the contract outlines what is expected of Residents, such as simple maintenance duties like switching out light bulbs and disposing of garbage in designated places.
  • Landlord responsibilities. This portion details what is expected to be handled by the landlord, such as plumbing fixes, HVAC service, and electrical issues.
  • The above includes the most common parts of a lease, but you can also expect to find limitations on how you are able to utilize your apartment. To illustrate, subleasing or utilizing the apartment for commercial intents may be prohibited. Make sure you comprehend the limitations, and don’t hesitate to ask questions.

    What To Beware Of In Indianapolis Rental Lease Agreements

    Clubhouse at Continuum apartments in West Lafayette

    If you’re renting at a reputable apartment community in Indianapolis, you won’t have to fret over questionable clauses concealed in the contract. But you always need to be on the lookout. Here are a few warning signals to be aware of:

    • A clause in a rental contract that authorizes changes to a lease. Avoid signing an agreement that isn’t complete or authorizes a landlord| to change things once you sign.
    • Lease agreements where tenants are required to handle all maintenance and repairs.
    • Changes aren’t documented. To illustrate, if you agree to a lease shorter than the standard year or negotiate a smaller security deposit, make certain it’s documented.
    • Start Your Lease At The Waverley Apartments In Indianapolis

      Are you ready to find a new home? Request a tour at The Waverley Apartments in Indianapolis and explore our roomy units and popular amenities. If you would like to ask about the leasing agreement, our friendly representatives are here to help. Call 317-800-7017 today to find your ideal apartment.