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Your lease, explained before you sign

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Your lease, explained before you sign

The five money clauses, the phrase that costs roommates the most, and what's still negotiable before signature.

A lease is a list of promises. You're about to sign all of them.

What binds you

Term, rent, deposit, notice period and who pays repairs. Five clauses carry the money — read those word by word.

«Joint and several liability»


If a roommate doesn't pay, the landlord can collect all of it from you. The most expensive phrase in shared leases.

The lease says «tenant pays all repairs». What should you do?

  1. ASign — it's standard
  2. BAsk, in writing, to limit it to minor repairs
  3. CIgnore it
  4. DCross it out yourself

Blanket repair clauses are negotiable before signature. After it, they're your bill — negotiate in writing, never by editing the paper alone.

What's usually negotiable

Start date, painting, small pets, and the renewal clause. Landlords say yes more often before you sign than after.

Before you pay a deposit


Photograph every room, dated. The photos are your deposit's insurance at move-out.

Before signing

  1. Read the five money clauses out loud
  2. Ask for your two changes, in writing
  3. Keep the signed copy and the photos together

Ten minutes of reading beats a year of regret.

Now do it with yours.

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