1. Research:
Before signing a rental agreement, it is important to research the area for crime rates, activities, and local amenities. It’s also important to research the landlord, their reputation in the community, and their track record with prior renters. Additionally, it is helpful to compare prices of different apartments or houses in the area.
2. Budget:
It is important to know how much you can afford in rent each month before signing a rental agreement. Take into consideration all related costs such as utilities, deposits, and any applicable fees. Don’t forget to factor in additional expenses like transportation, groceries, and other necessary items that may arise during your tenancy.
3. Credit Score:
Your credit score will affect the terms of your lease. It is important to check your credit report before renting to make sure it is accurate and up-to-date so you can negotiate favorable terms with your landlord or property manager.
4. Documentation:
Have all required documents ready for review by the landlord or property manager including proof of identity, employment information, rental history, and references.
5. Ask Questions & Negotiate Terms:
Don’t be afraid to ask questions or negotiate terms with the landlord. Knowing all applicable rules and regulations before signing a lease agreement can help you avoid potential disputes later on.
6. Walk-Through Inspection:
Before signing the agreement and moving into the apartment or house do a thorough walk-through inspection with the landlord or property manager to make sure everything is in working order and any necessary repairs are made. Take photos of any damage so that you can document it for future reference.
7. Security Deposit & Rent Payment Options:
Understand your security deposit and rent payment options prior to signing the lease agreement. This includes how and when each should be paid, as well as any associated fees or penalties for late payments.
8. Read Lease Agreement:
Peruse the entire lease agreement thoroughly and don't be afraid to voice any queries that arise. To protect yourself, you might even consider having a legal expert assess it prior to signing on the dotted line..
9. Utilities & Amenities:
Make sure you know who is responsible for which utilities or amenities such as cable, internet, water, and garbage collection prior to signing a lease agreement.
10. Get Insured:
It is important to get renters insurance to protect your belongings in case of theft, loss of personal property due