What are the key terms I should know in a lease agreement?
An example of an AI chatbot conversation about understanding lease terms and agreements.
What are the key terms I should know in a lease agreement?
Key terms in a lease include rent amount, lease duration, security deposit, maintenance responsibilities, and termination clauses.
Can you explain what a security deposit is?
A security deposit is a sum of money paid to the landlord to cover potential damages or unpaid rent, usually refundable.
What does the lease duration mean?
Lease duration refers to the length of time the lease agreement is valid, typically expressed in months or years.
What happens if I want to break the lease early?
Breaking a lease early may result in penalties, such as losing your security deposit or paying rent until a new tenant is found.
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