When signing a Lease Agreement in Georgia, it is important to read carefully the clauses that govern the transaction. It is important to find out if the terms of the agreement are per the rules and regulations of the state, such as if the Lease Agreement covers exclusivity, voidable provisions, mortgagees not included in the standard term, etc.
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Keep in mind that the Sample Lease Agreement in Georgia is not legally binding. You need to consult a lawyer in Georgia for assistance in writing a legal agreement for your property. The sample agreement is not in the public domain, so the lawyer will need to tell you what you can and cannot include in the agreement. It is up to you to decide what you want to include and what is not covered by the agreement.
The Georgia legal documents set the standards for determining what type of lease one must sign in Georgia. A sample lease agreement will help draw up an agreement for you but will not be legally binding. You need to hire a lawyer to help you draft a legally binding agreement.
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The agreement that you sign is designed to cover joint venture partners, joint tenants, such as condominium units, or even those who rent their apartments out as a common area. You should be aware that certain parts of the document, including exclusivity and tenancy duration, can be different for joint tenants. For example, if one of the joint tenants is allowed to live in the apartment for a longer time than a non-joint tenant, the agreement might cover the joint tenant.
If there is any variation to the terms in the agreement, you should be aware of it. You should ask the Lease Administrator or Property Manager to explain why the contract has this type of variation. This could be a problem for you, especially if you are not the one that started the agreement and expect the contract to protect you. It could also be difficult to change or make any changes to the contract after it is signed.
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The New Real Property Acquisition Program (SBP) adds some clauses that limit exclusivity. For example, if you lease an apartment in a multi-unit building, but at the same time own or are renting out an apartment in a two-unit building, the contract must cover the exclusivity of both.
To find out more about this SBP, and its different clauses, you can contact the Property Administrator or Mortgage Company and/or the Lease Administrator. You can also find more information on the Atlanta Real Estate Commission website.
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