It’s time to move…a stressful time or an exciting time? The answer depends on how prepared you are! The more knowledgeable you are the better the experience. You need to understand that the summer months are the busiest months for rentals. People want to be settled into their new homes or apartments before the fall school season begins. This all translate to increased rental prices and fewer rentals available.
You need to gain a competitive edge…especially if you are looking to rent from a private home or condo owner. Be prepared! Make an impression! In addition to your application attach any letters of reference from previous landlords nd your employer. Most property management companies will run a credit report check but if you are not going through a real estate company or locator service bring a copy of your credit report. Most renters dread this part of the application process-it’s normal. Realistically, most people today do not have stellar credit. As long as you have paid your electric bills, and rent in the past many landlords will over look late payments on credit cards and medical debts. Just be able to explain your particular circumstances.
You are able to order a FREE copy of your credit report annually. There are three credit-reporting agencies – contact them on-line.: * Experian *Equifax *TransUnion
Understand that a lease is a legally binding contract. The lease is the foundation that govern the relationship between the landlord and the tenant. Before you enter an agreement be certain that you understand all the terms of the lease. If you do not understand something –don’t be afraid to ask questions.
Most leases are for a year but sometimes things happen and you need to vacate earlier. Unless your landlord releases you from the contract (in writing) you are obligated to complete the terms of your lease. This does not mean you can sublet the property to anyone else. The only people allowed to live in the home or apartment are those people that are on the lease..
Remember once the lease is signed it is enforceable, even if the renter never moves in. So read and know what you are signing. The best way to do that is to request a copy of the lease to read over before you sign. You want no misunderstandings. If there are promises made by the landlord be sure to get it in writing. Know your rights – and the best way is to know those is to understand the lease and the responsibilities of all parties.
