7 QUESTIONS TO ASK BEFORE YOU RENT
What do you think of when you need to rent an apartment? A great neighborhood, strategic location, perfectly functional appliances, and your budget – these are some thought-worthy factors you have to pay attention to, but that is not all.
You might have other questions and concerns, but so will your landlord.
The landlord will ask you a bunch of questions to determine if you’re the right tenant. In return, you should also ask your landlord some questions to help determine if an apartment is good enough for you.
Here are some questions you’re going to need to ask the landlords before you finally say “yes”.
WHAT IS THE PROCESS OF APPLICATION?
The first thing you have to do in order to indicate interest in a rental property is to start an application process. You may have to pay non-refundable screening and application fees. It will help if you know the landlord-tenants regulations and laws for your state. It’ll also help you understand what is expected of you during a rental application process.
WHAT IS THE LEASE DURATION?
Your rental application process may be approved, and then you’ll be expected to sign the lease. You’re not going to sign the lease if you don’t understand what it entails, will you?
Ideally, you should be aware of the lease duration before you even look at the apartment. Find out how much the unit cost per month and as well as other expectations like what you should pay at lease signing.
WHAT ARE THE TERMS OF LEASE RENEWAL?
In most cases, you’re expected to sign the lease based on a fixed term of one year. At the end of that year, you may want to go for a lease renewal. Before you start the application process, you need to know the terms of renewing your lease.
WHAT ARE THE LEASE BREAKING FEES?
You may want to break your lease earlier than expected, and for a good reason too. If you want to own a home, for instance, that is a good reason to break your lease and stop paying rent.
Unfortunately, you may have to face some penalties from your landlord if you break your lease earlier than planned. You need to find out from the landlord what these penalties are and what conditions will qualify you to break a lease without penalties.
WHAT ARE THE PENALTIES FOR A LATE PAYMENT?
You’re well aware that late payment is a lease violation, and there are penalties for that. We all pray to never face this, but we have to be prepared just in case it happens. We all know the struggles of saving money, and this can cause you to miss that due date for rent.
Knowing the penalties for a late payment will help you know what you’re up against, should you miss a deadline.
CAN I KEEP A PET?
Janice lived in an apartment with an unauthorised pet and had to be evicted somewhere down the line because of that. She couldn’t hide it for long. As a matter of fact, she had to pay heavily for ignoring the apartment pet policy.
WHAT OTHER ADDITIONAL FEES DO I HAVE TO PAY?
Don’t think the monthly rent is all you have to pay though. There are other additional fees you may be expected to pay. Some of them include:
- Security deposit
- Utility fees
- Parking fees
- Gym and swimming pool amenities
You need to know about these additional fees and be sure you can factor them into your budget before starting out the application process.
These 7 are not all the questions you may need to ask, but they can sure get you on the right track before you start paying rent. The point here is to ask as many sensible questions as possible in order to know what you’re really going into.
What other questions do you think one should ask when looking to rent an apartment? Please leave a comment below to let us know what you think.