When you sign a lease agreement for a property, you are entering into a legally binding contract with the landlord or property owner. It`s important to understand the details of the agreement before signing on the dotted line, as there are many terms and conditions that could affect your tenancy.

Here are some key lease contract details you should know about:

1. Rent: This is the amount of money you will need to pay each month to live in the property. The lease agreement should specify the amount of rent due, how it should be paid, and when it is due.

2. Deposit: Many landlords require a security deposit to cover any damage to the property or unpaid rent. This amount is typically refundable at the end of the lease term, provided there is no damage to the property or unpaid rent.

3. Lease term: The lease term is the length of time you have agreed to rent the property. It could be for a few months, a year, or longer.

4. Renewal options: Some leases may offer the option to renew your lease at the end of the term. Make sure you understand any renewal options and requirements before signing the lease.

5. Maintenance and repairs: The lease should outline the landlord`s responsibilities for maintaining the property and who is responsible for repairs. This can include anything from fixing a leaky faucet to replacing a broken appliance.

6. Subleasing: If you plan to sublease the property, make sure the lease agreement allows for it. Some landlords may require their approval before you can sublease.

7. Pets: If you have pets, make sure the lease agreement allows for them. Some landlords may require a pet deposit or additional monthly rent for pets.

8. Termination: The lease should outline the process for terminating the agreement, including any penalties for breaking the lease early.

Understanding these lease contract details can help you make an informed decision when renting a property. Take the time to read through the lease agreement carefully and ask questions if there is anything you don`t understand. By doing so, you can avoid potential issues down the road and enjoy your tenancy in a property that meets your needs.