Easily Hide Value Choice into the Apartment Lease Form

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How to Hide Value Choice into the Apartment Lease Form

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[Music] hello again everyone Im attorney Robert fleshes before you enter into a residential lease agreement as a tenant or if youre a landlord drafting a rental agreement to give to a tenant you really need to watch this video Im going to tell you about seven possible provisions that could be included in the lease that could be illegal rendering the entire lease void which means the lease isnt enforceable and if you find this video helpful please consider subscribing to my channel remember that every state has different landlord tenant laws but the seven contract terms that Im going to discuss in this video are probably illegal in most states the illegal terms that Im discussing do not impose criminal liability on the landlord first lets talk about the form of the lease many landlords download boilerplate leases from the internet in order to avoid paying attorney to prepare a valid and effective residential lease or to pay for a state-approved lease containing enforceable terms

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What are pass through expenses on a lease?

A pass-through lease is a contract where specified operating expenses pass through from the landlord to the tenant. These additional expenses can include any combination of property taxes, insurance, maintenance, repairs and utilities.

What expenses are viewed as pass through expenses in a triple net lease?

In a Triple Net lease, all expenses are passed through to the tenant: CAM, property taxes, insurance and you are also separately responsible for utilities and janitorial. Tenants in a NNN lease will typically see these bills and expenses starting as soon as their lease starts.

What are red flags for renters?

Red flags for rental scams include prices that seem too good to be true, requests to send money via a wire transfer or the inability to tour a rental unit before signing a lease. Protect yourself when renting by looking out for these warning signs of a scam.

What are red flags to landlords?

Obvious Tenant Screening Red Flags Bad Credit, history of evictions and a negative criminal record are obvious red flags when reviewing applications for your rental property.

What is one red flag when looking for an apartment?

The Building Is in Poor Condition If you ask the landlord or property manager how easy it is to get someone to come out and inspect if theres a plumbing or electrical problem in the apartment and they start getting cagey, you can take it as a sign that you may have to learn to do or pay for your own maintenance.

What does an expense stop do in a lease quizlet?

Expense stops protect the lessee from unexpected changes in market rents. A gross lease is riskier for the lessor than a net lease.

What is a lease that requires that the lessee to be responsible for all expenses called?

The term net lease refers to a contractual agreement where a lessee pays a portion or all of the taxes, insurance fees, and maintenance costs for a property in addition to rent.

Which of these types of tenants most often uses a percentage lease?

Due to its structure, a percentage lease is most commonly used when negotiating with a retail tenant, especially if that tenant is going to be joining in on a multi-tenant retail space like a mall or shopping center. The draw behind this lease type is that it can be mutually beneficial to both the landlord and tenant.

What is a credit reference on an apartment application?

What Are Credit References on a Rental Application? Credit references on a rental application consist of a person or business that has had a financial relationship with an applicant that can speak on their trustworthiness and ability to make on-time payments.

What are tenants red flags?

A big tenant red flag is problems with previous landlords. When you contact the previous landlord, ask if the tenants were on time with rent, if they were disruptive, etc. Doing this before the showing means you can ask about any issues to get the tenants side and make a fair decision.

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