Look for the good lease: Do’s and dont’s of renting

After a student's first year in college they typically move onto broader horizons, like renting a house or apartment on their own or with roommates. UCCS students renting off-campus for the first time need to know what to look for in a good lease - and what to avoid.

Renting with roommates is a good idea in theory, and tends to be cost-effective, but is in reality something to beware. When signing a lease, you need to be sure of all the names going on the lease; if you and your roommates are all signing one lease, be wary of the fact that if your roommate is late on a payment or damages the rented space you may be obligated to pay as well, or even lose your deposit. It is important to choose roommates wisely.

It is good to look for short-term leases – about 6 months in duration. Also, look for leases that would allow the renter to choose to renew the lease or not within a time period of 60 days without penalty. This will allow the renter to be a bit more flexible if a roommate ends up being unbearable.

The lease also needs to clearly state any early termination penalties. Jasen Cooper, a UCCS senior, stated what would happen if he terminated early, "The lease has an option for early termination; I would have to pay a full month's rent as a penalty, plus give them 60 days notice (while paying rent normally during those 60 days)."

When looking over a lease, be sure that all of the landlord's contact information needs to be on the form. This way, if something goes wrong, you have someone you can contact immediately.

Another thing to look for is the description of the premises as they should be when you move in. That way, you know exactly how to leave it, and there are no open-ended promises.

The lease should also contain parking restrictions, if there are any. The renter also needs to be aware of what maintenance they will need to do to live on the property. This needs to be stated in the lease as well.   

If a lease is unclear, don't sign it, and never be afraid to ask a lot of questions. Understand that this will be a place of residence for you for at least the term of the lease; understand every part of what lies ahead. Also, make sure that you have a copy of the lease after it is signed, just in case you need it later on to help settle any disputes that might arise.