When you`re searching for a rental property in Oregon, one of the most important documents you`ll encounter is the rental agreement. This legally binding contract outlines the terms and conditions of your rental, and it`s important to carefully review and understand the agreement before signing.
Here are some key elements to look for in a rental agreement for Oregon:
1. Rent and Security Deposit: The rental agreement should clearly state the monthly rent and the amount of the security deposit required. It should also outline the circumstances under which the security deposit can be withheld, such as for damage to the property.
2. Lease Term: The agreement will specify the length of the lease, including the start and end dates. It may also include information on renewing the lease.
3. Utilities and Fees: The agreement should list any utilities that are included in the rent, such as water or trash collection, as well as any fees for late rent payments or other infractions.
4. Maintenance and Repairs: The rental agreement should outline the responsibilities of both the landlord and the tenant when it comes to maintenance and repairs. For example, the landlord may be responsible for major repairs, while the tenant is responsible for minor maintenance tasks such as changing light bulbs.
5. Use of Property: The agreement may include restrictions on how the property can be used, such as restrictions on subletting or smoking.
6. Pet Policy: If you have a pet, it`s important to review the rental agreement carefully to see if pets are allowed and what the policies are around pets, such as size restrictions or additional fees.
It`s important to carefully review the rental agreement before signing to ensure that you understand all of the terms and conditions. If you have any questions or concerns about the agreement, it`s a good idea to discuss them with the landlord or property manager before signing. By taking the time to review the rental agreement, you can ensure a positive rental experience in Oregon.