When signing a lease agreement for your business in San Diego, it is important to be aware of the key terms that are included in the contract. By knowing what to look for, you can avoid any surprises or problems with your property management. In this blog post, we will discuss some of the most important terms that should be in every San Diego lease agreement.
Lease Term
The first key term to be aware of is the term of the lease. This is the length of time that you will be renting the property. It is important to know how long you will be responsible for paying rent on the property. Make sure to read the lease agreement carefully to find out how long the term is and when it starts and expires.
Rent
Of course, you will also need to know how much rent you will be responsible for paying each month. The amount of rent can vary depending on the size of the property, the location, and other factors. Be sure to ask your property management about the rent amount and how to pay before you sign the lease agreement.
Security Deposit
Another important term to be aware of is the security deposit. This is a deposit that you will need to pay when you move into the property. It is usually equal to one month’s rent and it is used to cover any damage that you may cause to the property. Be sure to ask the property management about the security deposit and how it will be used before you sign the lease agreement.
Fee Responsibilities
You should be sure to ask about additional fees you may have to pay in addition to rent. These can include HOA fees, garbage fees, water and utilities, or other costs associated with the unit. Make sure that the contract clearly states who is responsible for these fees.
Additional Rules
Depending on the owner and property, your contract may include additional rules for you to follow while living in the rental. Some common additional rules owners require are no smoking, no pets, and quiet hours. Be sure to discuss these rules with the landlord before you sign the lease agreement.
Breaking the Lease Agreement
If you need to break your lease agreement for any reason, it is important to know what will happen. Most leases will require you to pay a fee or give notice before you move out. Be sure to read the lease agreement carefully to find out what the penalties are for breaking the contract.
Subletting
If you need to move out before the lease is up, you may be able to sublet your unit. This means that someone else will take over your lease and pay rent for the remainder of the term. Be sure to check with your landlord before subletting to make sure it is allowed.
Understand Your Property Management Company
These are just a few of the key terms that you should be aware of before signing a lease agreement in San Diego. Be sure to read the contract carefully and ask the property management about anything you do not understand. By knowing what to expect, you can avoid any surprises or problems down the road.
Are you looking for a rental or help with your current property? Reach out to Amanica today for help with all your rental property needs.
