What to look at carefully when signing lease for apartment

Generally, we use standard apartment lease which anyone can purchase at stationary stores, so it is difficult to change contents.

So, what you need to check is your name / address / rent / security deposit / move in date /period / what is included in the rent.

However, if you are renting condominium, there are 2 articles, you need to ask owner to cross out, and then initial by both owner and tenant next to articles.

Normally owner will agree, and if not, you might want to consider if you want to rent this condominium.

17.Sale Of Unit

If current owner sell this unit, owner can give 30 days notice for tenant to vacate unit.

42.Increase in Common Charge

If common charge of condominium rise, owner can add extra to tenant’s rent.

 

And you need to read very carefully “Rider“.

It states all requirements from owner. Sign only after you understand content completely, and if you want

change, negotiate before signing.

Most of real estate transaction in New York is paid  by certified check / bank check or money order.

They are the same as cash. Make sure you receive receipt.

The best receipt is that copy check you provided, and then ask them to print name / sign / date

on that paper.

If you do no have time to copy check, you can get receipt as follows:

 

Receipt

For :  your name

Amount : $ amount

As : Security deposit for  address

Received by

――――――――――――――――

Signature                            date

 

Hand writing is acceptable if all above is clearly stated.

Receipt can avoid future trouble.

Please keep it in safe.

Posted in Real estate market in New York City

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