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This is a promissory note for use in connection with the sale and purchase of a horse where financing is involved. It is a simple interest note that may be used in conjunction with an Installment Purchase and Security Agreement.
The rental market in Rhode Island is competitive, with limited availability and high demand in desirable areas. It is recommended to start your search early and be prepared to act quickly.
Rental prices in Rhode Island vary depending on location, size, and property type. On average, you can expect to pay around $1,500 to $2,500 per month for a two-bedroom apartment in a desirable area.
In most cases, utilities such as water and sewer are included in the rental price. However, electricity, gas, internet, and cable may be separate expenses. It is important to clarify with the landlord or property manager to know exactly what is included.
The standard lease term in Rhode Island is usually one year. However, shorter or longer lease terms may be negotiable depending on the landlord.
Renter's insurance is not legally required in Rhode Island, but it is highly recommended. It can protect your personal belongings in case of theft, damage, or natural disasters, and also provide liability coverage.
Generally, landlords cannot raise the rent during an active lease term unless there is a specific clause in the lease agreement allowing for rent increases. However, they can increase the rent when renewing the lease or upon starting a new lease term.
When renting in Rhode Island, you will typically need to pay a security deposit (usually one month's rent), first and last month's rent, and possibly a pet deposit if applicable. Some landlords may also require a non-refundable application fee.
Breaking a lease early in Rhode Island can have financial consequences. You may be responsible for paying the remaining rent until a new tenant is found, or the landlord may charge a lease termination fee. It is advised to communicate with your landlord and try to reach a mutual agreement if you need to break your lease.
Tenants in Rhode Island have various rights, including the right to a habitable and safe living environment, privacy, protection against discrimination, and proper notice before eviction. It is recommended to familiarize yourself with the Rhode Island Tenant's Rights Handbook for detailed information.
If you encounter a problem with your rental property in Rhode Island, such as maintenance issues or code violations, you should first notify your landlord or property manager in writing. If the issue remains unresolved, you can contact the Rhode Island Department of Business Regulation's Office of Landlord-Tenant Relations for further assistance.
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