It must be delivered to you within thirty days of signing. You, the tenant, are considered the lessee and your landlord is the lessor. Rent is the amount of money you pay each month for occupancy. Your landlord cannot require you to pay any amount exceeding the first and last months' rent. A security deposit is equal to the first month's rent plus the cost of installing a new lock and key.
Some leases contain tax escalator clauses .
If property taxes go up, this provision provides the only way a landlord can raise rent prior to the end of the lease. The clause must state that the tenant will pay only the proportion of the increased taxes as the apartment contributes to the entirety of taxed real estate. If the landlord receives an abatement or a refund, the tenant must receive a proportionate share. Without these provisions, the tax escalator clauses are unenforceable. A standard fixed term lease runs for twelve months and is renewed after it expires.