Examples of a clauses regarding and surrounding the topic of the Rent. Generally, this type clause covers when tenants are jointly and severally liable for the full rent amount. Each individual tenant will be held responsible for the full rent amount, even if his or her roommates refuses to pay.
A reasonable rent increase can depend on the market and local costs. The rent clause should spell out how and when increases can happen, giving you the heads up.
Absolutely! Laws exist to protect tenants from unfair practices. In Indiana, your lease must meet certain standards, and any rent clause can’t go against those laws.
Breaking the lease can lead to penalties. The rent clause often explains what might happen, and you might be on the hook for unpaid rent until the lease is up or until a new tenant is found.
Generally, your landlord can’t just change the rent clause whenever they please. Most changes need to be agreed upon by both you and the landlord, often in writing.
The rent clause lays out the exact schedule for when your rent is due, so it’s like your renting roadmap. Stick to it, and you’ll be golden!