Seven things to check before you sign a lease

A clear lease prevents most disputes. Before you sign, check these.

• Parties and property: names, addresses and an exact description of the premises.
• Term and lock-in: the duration, any lock-in period and who can end it early.
• Rent and escalation: amount, due date, annual increase and how it is calculated.
• Security deposit: amount, conditions for deductions and when it is returned.
• Maintenance and utilities: who pays what.
• Use and sub-letting: permitted use and whether sub-letting is allowed.
• Stamp duty and registration: agreements above a certain term usually need to be registered and stamped as per your state's rules. Ask your professional what applies.

Have a professional review anything unusual before signing.