Invitation Homes Lease Agreement: Everything you Need to Know
Invitation Homes is a company that provides high-quality rental homes for those who aren`t ready or willing to buy their own house. They have over 80,000 rental homes across 17 markets in the United States, and they`re committed to providing a worry-free experience for their tenants. But what exactly does a lease agreement with Invitation Homes entail, and how can you make sure you`re getting the best deal? In this article, we`ll go over everything you need to know about Invitation Homes` lease agreement.
What is a Lease Agreement?
First, let`s define what a lease agreement is. A lease agreement is a legal contract between a landlord and a tenant. It outlines the conditions of renting a property, including the duration of the lease, the monthly rent, and the rights and responsibilities of both parties. A lease agreement protects both the landlord and the tenant and ensures that both parties are aware of their obligations.
Invitation Homes Lease Agreement
The lease agreement with Invitation Homes is no different from other rental agreements in terms of its basic structure. However, it does have some unique features that you should be aware of.
One of the main differences in Invitation Homes` lease agreements is the length of the lease term. They offer leases for terms ranging from one to five years, which is longer than the typical one-year lease. This can be a good thing for tenants who want a stable living situation for a longer period.
Another feature of Invitation Homes` lease agreements is the automatic payment system. Tenants are required to enroll in automatic rent payments, which will deduct the rent from the tenant`s bank account on the agreed-upon date each month. This can be convenient for tenants who don`t want to worry about forgetting to pay rent.
If you have a pet, you`ll be happy to know that Invitation Homes allows pets in their rental homes. However, there are some restrictions and fees associated with pets. Tenants are required to pay an upfront pet fee, and there are certain breeds that aren`t allowed. It`s important to read the pet policy carefully before signing the lease agreement if you have a pet.
Maintenance and Repairs
Invitation Homes is committed to providing a worry-free experience for their tenants when it comes to maintenance and repairs. They have a 24/7 maintenance hotline and a team of technicians who are available to address any issues that arise. Additionally, they have a “Love Your Home” program that allows tenants to make minor upgrades to their rental homes, such as adding shelving or a ceiling fan, at their own expense.
Breaking the Lease
If you need to break your lease early, Invitation Homes allows tenants to terminate their lease with 60 days` notice and an early termination fee. The early termination fee is equivalent to two months` rent, so it`s important to consider this fee before breaking your lease early.
Overall, Invitation Homes` lease agreement is straightforward and offers some unique features, such as longer lease terms and automatic rent payments. It`s important to read the lease agreement carefully before signing to ensure that you understand all of the terms and conditions. With their commitment to providing high-quality rental homes and a worry-free experience for tenants, Invitation Homes is a great option for those who are looking to rent a home.