Long and Foster Rental Lease Agreement: What You Need to Know
Are you considering renting a property with Long and Foster? Before you sign on the dotted line, it`s important to understand the ins and outs of the lease agreement. Here`s what you need to know.
Length of Lease
The length of your lease with Long and Foster will vary depending on the rental property. Most leases are for one year, but some properties may offer shorter or longer lease terms. Be sure to ask your Long and Foster representative about the length of the lease before signing the agreement.
When you rent with Long and Foster, you`ll be required to pay a security deposit. The amount of the deposit will vary depending on the rental property and your creditworthiness. The security deposit will be returned to you at the end of the lease term, provided there are no damages to the property.
Rent payment is typically due on the first day of each month. You may be charged a late fee if your rent payment is not received by the due date. Long and Foster offers several payment options, including online payments, mail-in payments, and automatic payments.
Maintenance and Repairs
As a tenant of Long and Foster, you are responsible for keeping the property in good condition. You should report any maintenance or repair issues to your Long and Foster representative as soon as possible. Long and Foster will handle all necessary repairs, but you will be responsible for any damages caused by negligence or misuse.
Subleasing is not permitted under a Long and Foster lease agreement. You may not rent out the property to another tenant without prior approval from Long and Foster.
Termination of Lease
If you need to terminate your lease early, you may be subject to penalties and fees. Be sure to review the terms of your lease agreement carefully before signing. If you need to terminate your lease early, contact your Long and Foster representative as soon as possible to discuss your options.
Renting a property with Long and Foster can be a great option for many people. By understanding the terms and conditions of your lease agreement, you can ensure that your rental experience is a positive one. If you have any questions or concerns about your lease agreement, don`t hesitate to contact your Long and Foster representative for assistance.