Common use of PRORATION PERIOD Clause in Contracts

PRORATION PERIOD. (20) The proration period is selected if the tenant wants to move-in before the lease start date. They will commonly have to pay the prorated amount of rent based on the number of days they moved in early. Section XIV. Security Deposit (21) If there is a security deposit, it should be selected and the amount entered. Most commonly, this is equal to one (1) month’s rent but can be the maximum under State law. Section XV. Move-in Inspection (22) In some States, a move-in inspection is required. This is always recommended to protect the tenant from their security deposit being wrongfully deducted at the end of the lease for pre-existing damage to the premises. Section XVI. Parking (23) Mark whether or not the landlord will provide parking on the premises. If the landlord is to provide parking, enter if there is a fee or not for each vehicle. Section XVII. Sale of Property (24) If the landlord would like the option for the tenant to move out upon the sale of the property, it should be selected.

PRORATION PERIOD. (20) The proration period is selected if the tenant wants to move-in before the lease start date. They will commonly have to pay the prorated amount of rent based on the number of days they moved in early. Section XIV. Security Deposit (21) If there is a security deposit, it should be selected and the amount entered. Most commonly, this is equal to one (1) month’s rent but can be the maximum under State law. Section XV. Move-in Inspection (22) In some States, a move-in inspection is required. This is always recommended to protect the tenant from their security deposit being wrongfully deducted at the end of the lease for pre-existing damage to the premises. Section XVI. Parking (23) Mark whether or not the landlord will provide parking on the premises. If the landlord is to provide parking, enter if there is a fee or not for each vehicle. Section XVII. Sale of Property (24) If the landlord would like the option for the tenant to move out upon the sale of the property, it should be selected. Section XVIII.

PRORATION PERIOD. (20) The proration period is selected if the tenant wants to move-in before the lease start date. They will commonly have to pay the prorated amount of rent based on the number of days they moved in early. Section XIV. Security Deposit (21) If there is a security deposit, it should be selected and the amount entered. Most commonly, this is equal to one (1) month’s rent but can be the maximum under State law. Section XV. Move-in Inspection (22) In some States, a move-in inspection is required. This is always recommended to protect the tenant from their security deposit being wrongfully deducted at the end of the lease for pre-existing damage to the premises. Section XVI. Parking (23) Mark whether or not the landlord will provide parking on the premises. If the landlord is to provide parking, enter if there is a fee or not for each vehicle. Section XVII. Sale of Property (24) If the landlord would like the option for the tenant to move out upon the sale of the property, it should be selected.. Section XVIII. Utilities (25) Enter