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"Lesson: Read the contract." I did a year of law school, then left because I was miserable and it was too much money to be miserable for. I did, however, take
by the_watcher 11y ago
"Lesson: Read the contract."
I did a year of law school, then left because I was miserable and it was too much money to be miserable for. I did, however, take contracts, and I cannot stress this enough. Read the contract. Read it again. Anything that looks off, ask about. It might be innocent, standard, or something you don't need to worry about, but it might be important. As you mention, it's also a great signal about the intentions of the other party. Finally, anytime someone tells you something is "standard" in a contract, it's bullshit. "Standard" lease agreements (the ones you can get by Googling) regularly contain unenforceable language. The only standard elements a contract needs are: an offer, an acceptance, mutual assent to be legally bound by the terms, and consideration (the promise of an exchange of value for something else of value). Anything else in the contract doesn't have to be there.
- mattkrause 11y agoThis depends on where you are. Quebec, for example, has a single standard residential apartment lease. It's written by the Régie du logement so everything in it is, by definition, enforceable.
- greggarious 11y agoQuebec, once again, is a special exception.
- jacobr1 11y agoMany state "Association of Realtors" have "standard" contracts they recommend. They might be a bit biased toward the landlord, but have been refined over time to be generally acceptable by all parties and take into account state and local law.