Once you’re ready to sign an apartment lease, there’s a chance you have answers to major related questions, for instance, the monthly cost and included utilities. However, you might not have answers to less apparent questions.
Although renting might not be as involving as a home purchase, it’s legally binding and there are some lease questions you’ll want to be answered before you put your name on the dotted line.
Asking lease questions will provide the information required to feel confident from a stance of power and knowledge.
Furthermore, you’ll seek clarification on all your concerns and begin your renter-landlord relationship on the appropriate foot. Here’s a list of lease questions to ask first.
What process does the application involve?
Numerous properties expect tenants to earn three times the monthly rent. That means if you reside with roommates, the landlord will expect each to earn three times their rent share.
Most landlords also conduct a credit and background check. You need to establish the pieces of information you’ll need to offer.
- Recognize all application and screening fees. You want to understand whether non-refundable deposits exist. After all, some states prohibit non-refundable deposits, so make sure you familiarize yourself with the landlord-renter laws and regulations stipulated by your state.
- If you’ve had your credit score pulled, establish whether it’s a soft or hard inquiry. The latter can potentially damage your score, so ensure you genuinely want the property you’re applying for
- Make specific inquiries regarding the credit score segment if you know your score is low. Recognizing this upfront is an excellent way of preventing yourself or your roommates from wasting time on rentals that will end up being a poor fit.
What happens to the rent if the lease doesn’t begin on the first date of the month?
Numerous lease terms indicate the first of the month as the due date for the rent. However, you want to know what would happen if you don’t move on that date.
Most often, the landlord will pro-rate your rent, implying that you’ll simply cover the days you’ll be there. The same applies to the end of the term if the lease ends on a different date from the first.
It’s typical to provide pro-rated rent for the last and the first month in these situations, so ensure it’s stipulated on the lease. If it isn’t there, request the landlord to pro-rate your rent for these periods.
How much notice should I Give to Move Out?
Every building has its policy concerning termination notice. Most landlords expect you to offer a 60calendar-day notice to give the landlord ample time to find a new renter.
Beware that a 60 calendar days’ notice isn’t the same as 60 days’ notice. The former implies two full calendar days.
Typically, landlords require that you issue a notice in writing and send certified mail to eradicate any dispute as to whether the notice was issued.
Usually, landlords use the mailing date as the start date, however, you should check to ensure the start date isn’t based on receipt/delivery of the notice.
Once you’ve found the ideal apartment, the next step involves signing the lease. Nonetheless, you should ask relevant lease questions before signing. This way, you’ll know what you’re getting into.
For more information on the questions to ask before signing a lease, contact us at Apartment Agents or leave a message.