Renting apartments are governed by leases to protect the owner as well as the tenant. Apartment lease contracts can be complex or simple. In my case, the contract for my apartment is not complex. The contract is also bilateral because both parties in it have obligations to perform. As the lessee, I am bound to pay rent and to observe rules and regulations concerning behavior, visitors, and other conditions stated in the contract. The lessor, for his part, should ensure that the residents of the apartment complex will have water and electricity supply, and other common needs.
The salient points of the lease include: payment of a security deposit, monthly rental, utility payment, insurance coverage for losses caused by fire or theft, and security devices that the apartment is required to provide under the law. There are also special provisions in the contract that cover rent increases, damages and reimbursement, and consequences of non-payment or late payment of rents. Among the rules and policies that govern the tenancy are: cleanliness of the apartment, parking guidelines, limitations on conduct, and requests for repairs and maintenance.