Monday, September 17, 2012

Details to Look for in Your Apartment Lease


When you move to a new rental home, there are so many things that you have to do that you get overwhelmed and wonder how you’ll be able to get to them. However, no matter how many things you have on your to-do list, be sure that you have plenty of time to read and understand your lease agreement.

As long as you are aware of the contents of your apartment for rent’s agreement, you’ll be aware of the things that you can and can’t do in the unit, and you’ll also know if everything the landlord put in there won’t trap you in any way in the future. Check for these details prior to putting your signature on the agreement.

·         Find out if the agreement clearly states the deposit that you and the landlord agreed on, when it’ll be returned to you and what reasons he would have for not giving it back.
·         Check the exact date of the collection of the rent and who you’re supposed to hand the money to. In addition, look at whether he will require additional fees for late rent, and when a payment is considered late.
·         Does the rent fee include anything else like water or power bills, rent for appliances and parking fees?
·         See if you are supposed to pay extra to be able to use the pool, the gym or any other amenities. Conversely, find out if you’re still supposed to pay for the maintenance of amenities you don’t use.
·         If the apartment landlord says you can keep a pet in your unit, you should still find out if there is anything in the lease that will require you to pay a pet deposit.
·         Check the lease for indications that you can’t have a roommate, in case you were hoping to take one on after a few months.
·         See if the lease contains a list of maintenance and repair jobs that the landlord will do. Also, find out who is supposed to take care of repairs not included in the list, as well as how much you need to pay.

Even if you’re going nuts over the things that you have to take care of during your move, make sure that you don’t fail to thoroughly check the lease prior to signing it. This way, you will have a great landlord-tenant relationship, and you’ll also make sure that the landlord won’t be able to take advantage of you as a renter.

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