Common Mistakes Made by Tenants

Common Mistakes Made by Tenants

NOT reading Residential Lease Agreement

Most tenants make the mistake of only reading the first page of their residential lease agreement. Tenants, remember this is a legal binding contact you have signed! It goes over more than just the rent payment and security deposit required. Always read the details regarding late fee charges and security deposit return procedures.

*Late fee changes: Rent must be RECEIVED NOT POSTMARKED by the date listed on your lease agreement or it will be considered late and late fees will apply.

*Security deposit refunds: Tenant must give property manager 30 days from move out date to release security deposit and give itemization of it. Please read the list of deductions that can be made.

NOT filling out your inventory condition form

An Inventory Condition Form is a form that a new tenant should fill out at move in.   Within this form you fill out the condition the condition that property was in at move in. All items are presumed to be in condition unless noted within the form. Therefore, it serves as a baseline for determining anything beyond normal wear and tear that happens while you are a resident. At move-out, the property manager or landlord will use this same form to determine the condition of the property. It’s common for the Inventory and Condition Form to have a significant impact on whether or not you get your full security deposit back. READ MORE