Since I have owned my property management company I have found the largest issue that tenants face when entering into a lease with a company or an individual is they don’t do their homework before they sign the lease. Most leases have an “as is” clause that say, “Resident accepts the Premises in the current “AS IS’ and in good condition.
What exactly does this mean? It means that when you sign the lease you are agreeing to take the property the way you have seen it. In other words, you have inspected the property and are agreeing that everything is fine. You are agreeing that the paint is fine, the carpet is fine, the flooring is fine, the fixtures are fine, and most of all you are happy with the cleanliness of the property. Once you sign the lease you can no longer call the property management or owner and complain because you don’t like the paint or blinds, etc. You have agreed that you are 100% happy with the condition both inside and out. Is this a trick put in to keep the owner from fixing things? NO. It is a red flag to the tenant to make sure they have gone through the property and everything is fixed before the lease is signed and you move in.
