Stay up to date
Subscribe to the blog for the latest updates
Resigning Your Current Lease
Just because you’ve already lived in your apartment for a year or more doesn’t mean you can skip reading the lease agreement when you resign. There’s no guarantee that your lease terms will stay the same.
Most importantly, your rent might increase. Your landlord doesn’t necessarily have to tell you in person if your rent is increasing with your new lease. They also don’t have to tell you if other details change, like repair responsibilities or utilities. Your landlord cannot raise your rent during your lease agreement without notifying you, but a new lease is considered adequate notification.
Signing a lease is a big deal. Even though it’s a temporary living situation, it will have a significant impact on you financially. Always read through your lease agreement carefully before signing it, and you’ll avoid most unexpected costs.