Lease Evaluation
Welcome to your personalized lease evaluation tool! This interactive guide helps you understand the key terms and conditions of your lease agreement. As you answer each question, we'll provide market insights to help you better understand how your lease terms compare to other properties in your area.
Understanding your grace period is important for managing your monthly payments and avoiding additional charges.
Market Insight: According to our data, two-thirds of leases have a 4 day grace period before late fees start. On the 5th of the month, late fees typically start around $50 but can quickly accumulate to over $100 in the first 10 days.
Renter’s insurance is an affordable way to protect against unexpected personal and financial losses.
Market Insight: More than 90% of rental properties now require that proof of renters insurance be provided. Failure to do so could result in fines that are more than the cost of a monthly policy.
Third-party payment processors act as a middle-man by allocating funds on yours or the landlord’s behalf.
Market Insight: About half of property managers use third-party billing services. When a landlord controls your utility payments, their negligence can result in unexpected disconnections of electric, water and other utility services. The best leases include concessions when there are gaps in service.
Notice to enter rules balance a landlord’s need to maintain the property with the tenant’s right to privacy.
Market Insight: Almost all leases outline the landlord’s responsibility of telling you when they can enter your property. It’s important to confirm these rules work for you. If guidelines are not listed in your lease, check out our state resources page for the rules in your area.
A NTV is written communication to landlord indicating the intention to leave the property at the end of the lease.
Market Insight: Receive your free full lease evaluation, market insights and overall lease grade by signing in and uploading your lease.
What Else Can Be Lurking In Your Lease?
Upload your lease today for a full lease evaluation.
