LEASING 101

A lease is a legally binding contract, written to clarify the rights and responsibilities of both the tenant(s) and the landlord. In Texas, once a lease is signed, there are very few circumstances that would entitle a tenant to terminate the agreement early with no penalty. 

To protect themselves, students are encouraged to: 

1. Read everything. The importance of reading all the fine print before signing a legally binding document cannot be overemphasized. Pay close attention when reviewing what the landlord agrees to do through the lease and what expectations the document outlines for you as the tenant. 
2. Don’t be afraid to ask questions. The property staff deals with leases, repairs, and other issues every day. They sometimes might forget to explain things fully to individuals who are less familiar with these processes. Before signing a lease, be sure to ask questions about anything that is unclear to ensure you fully understand what you are agreeing to do and how to navigate processes like requesting a repair. 
3. Put all requests in writing. If you need special consideration, such as an early move-in date or permission to modify your apartment, be sure to submit that request in writing (and, perhaps even more importantly, get your property manager’s response in writing). Additionally, many leases state that all repair requests must be submitted in writing; this is often done through a resident portal. It is okay to discuss a repair by phone or in person with property staff, but be sure follow up in writing afterward so you will have documentation of the conversation.  
4. Keep a copy of everything. It is wise to save documentation of any communication with your property manager – especially if they are agreeing to allow you to do something that is not spelled out in your lease. Document existing damage to the property with photos or videos before moving in, take screenshots of any maintenance requests submitted through a portal, and keep copies of any emails, text messages, receipts, or other forms submitted to the property manager.  Should you find yourself in a dispute with your landlord, documentation will be key in helping you to reach a fair outcome. 
5. Insure your belongings. In the event of a fire, flood, or other unexpected crisis, the landlord’s insurance will cover the building itself, but it will not cover the cost of replacing your personal property. Renter’s insurance is available at a low cost (typically around $15 per month) and can help you replace your belongings after an emergency. If your family has a homeowner’s insurance policy, it may be possible to add insurance for your rental home at minimal cost. 

For more information about being a smart tenant, including checklists for researching housing options, moving into a new rental, and ending your lease, check out our Off-Campus Living Guide (coming soon).