Lease Types, Terms, Rates and Fees
Leases to students are usually on a 12 month basis from August thru next July (10 month periods may be available at a higher monthly rate). Since most students cannot show fulltime source of income, leases require a Sponsor or Parent Guarantee.
Terms of the lease spell out rental rates, pet policies, parking requirements, fees such as cleaning and who pays for the water, electric and cable. Be sure to read carefully before you and parents sign as these are contracts to pay rent and fees regardless of changes in school enrollment status, internships, coops, roommate issues and changing circumstances.
Also make sure you have the Right to Sublease and give plenty of notice to your landlord and roommates. Start early as you are responsible for advertising and finding someone (not your landlord). Remember you will continue to be responsible for rental payments and damages even if you have moved out so choose carefully.