If you`re looking to rent a residential property, it`s important to understand the lease agreement you`ll be signing. The Keller Williams Residential Lease Agreement is a popular option for many renters, but what exactly is it and what should you know before signing on the dotted line?
Firstly, it`s important to understand that a lease agreement is a legally binding contract between the landlord and the tenant. This agreement sets out the terms and conditions of the rental, such as the rental rate, the length of the lease, and any fees or penalties that may be incurred.
The Keller Williams Residential Lease Agreement is a standard form agreement used by Keller Williams Realty International for their residential properties. It includes all of the important terms and conditions you need to know as a tenant, such as the term of the lease, the rent amount, security deposit, and any additional fees that may be charged.
One of the most important things to consider when signing any lease agreement is the length of the lease. The Keller Williams Residential Lease Agreement typically has a term of one year, although this can vary depending on the specific property and landlord.
Another important factor to consider is the rental rate. This is the amount of money you`ll be paying each month to rent the property. The Keller Williams Residential Lease Agreement will outline the specific rental rate agreed upon between the landlord and the tenant, as well as any other financial considerations such as late fees, security deposits, and pet deposits.
When signing a lease agreement, it`s also important to understand the rights and obligations of both the landlord and the tenant. The Keller Williams Residential Lease Agreement outlines the responsibilities of the tenant, such as keeping the property clean and in good condition, paying rent on time, and not causing damage to the property. It also outlines the landlord`s obligations, such as providing a safe and habitable living space, making necessary repairs, and respecting the tenant`s privacy.
Overall, the Keller Williams Residential Lease Agreement is a standard form contract used by Keller Williams Realty International for residential properties. As with any lease agreement, it`s important to read and understand all of the terms and conditions before signing, to ensure you`re comfortable with the arrangements and obligations outlined in the agreement.