It may be surprising to learn that there are just about 46 million rental leases signed every year in the US and about 38% of all US households are renting their homes. In hot rental housing markets, property owners tend to draft lease agreements which lean toward the favor of the owners in legal gray areas. These leases may contain clauses, which could end up costing a renting family a lot of money one day down the road.
Finding a suitable rental can be challenging task in the hotter markets, often the supply of available rentals has such quick turnover that renters are left to choose the first rental available. However, signing the first lease agreement that comes along can be a costly mistake and renters should be aware of some common lease agreement clauses. Read More