Many people choose to lease a home instead of purchasing one. It is especially convenient for those who want the space, but not the maintenance headaches that come with home ownership. Leasing is also a great option for those who are transferred to the area for work, those who plan to be in the area for only a short time, and those who are not yet in a position to purchase a home.
Leasing a home can be much easier and quicker than purchasing a home. Because of this, it may be tempting to jump into a home before taking the steps necessary to ensure your legal and financial interests. If you are planning to lease a home, be sure to evaluate the following with a Norfolk real estate lawyer:
- Price – Homeowners can charge any price they choose. It is easy for a lessee to get excited and rush into a property that is overpriced. Be sure to check out other properties in the area so that you understand the market and are comfortable that the price is fair.
- Contract – Many contracts that you will sign to lease a home are standard forms. However, you should still take the time to understand all of the conditions and terms before you sign.
- Condition – The house you are planning to lease should be in livable condition. Take some extra time to look over the property before you sign a lease to ensure it has been properly maintained.
If you are planning to lease a home or enter into some other type of real estate transaction, you should first consult with an experienced Norfolk real estate attorney at Tavss Fletcher. Call 757-625-1214 today to discuss your individual situation.