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What are the basic important things you need to know or do before renting your apartment out to someone?
Lucya
I would insist upon references - both job references (to verify a steady income) and also previous rental experience. You can get a world of info. from the previous landlord. A steady job history will help to ensure that you receive steady rental income. If you are living nearby, or if their are children in the area, you may want to have a criminal background check run. These can usually be obtained at the local school district office for a nominal fee (by renter having fingerprint taken). Of course you want to know if they can come up with whatever deposit (s) you require. If an older apt. or building and you are unsure of the lead content on windows, door frames, etc., you may not want to rent to families with young children due to exposure of lead risk (and consequent very costly repairs to you). You must have some sort of contract or lease to protect yourself - these do not need to be prepared by a lawyer, and can be found at libraries or on the net. You must realize too that the risk of renting is that you have all of the repairs/maintenance expense and that should be factored into the monthly rent. Likewise utility bills should be entirely out of your name and the responsibility of the tenant (or built into the rent).
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∙ 17y ago
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Is it legal for an apartment to cash your security deposit before you get approved?
Probably. I mean, if I were renting an apartment to someone, I'd want to make sure their checks clear before I let them move in.
Do landlords verify employment before renting an apartment?
They can. It's up to them.
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What would be the advantage of hiring the services of a home inspector before renting a house?
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See the Link of the site in Related Links below. Renting a vehicle before and after a cruise.
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Before renting a carpet shampooer you should know what kind of chemicals the one you are renting takes. You should also be sure to read the fine print of the contract to make sure you know what you are paying for and what to expect from the machine that you are renting.
What is the purpose of TenantCheck?
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Apartment For One?
There are many pros and cons of apartment living that must carefully be examined before making the decision to rent an apartment. For many, the decision is a no-brainer. Apartment rentals are not for everyone though so before becoming locked in to a year long lease agreement, it is best to consider such factors as needs, expense and location. For single, childless individuals who don’t want to be bothered with the hassle of mowing the yard, shoveling the snow or replacing appliances, renting an apartment is by far the best option. In most instances, unless otherwise stated in the rental agreement, the landlord is responsible for the general maintenance and landscaping of the apartment. Replacement of appliances, plumbing issues or flooring or roofing problems fall under the landlord’s expense as well. The expense of renting an apartment is significantly less than puchasing a home as well. The building owner is responsible for all property taxes. In many instances, the property owner takes on other property fees, such as trash disposal or water usage. Again, these terms are typically dictated by a lease agreement. Moving becomes much easier when renting an apartment as well. Issues that present to home buyers, such as inspections, realtors and securing a mortgage, disappear. Typically, for an apartment rental, the first month’s rent and one month’s security deposit are all that is required for move in, making apartment living less financially stressful than purchasing property. Another thing to consider regarding apartment renting is the type of facility that best suits the renter’s needs. Options range from an inidividually rented duplex where the owner may be residing below the renter to large apartment complexes, with onsite maintenance and even fitness facilities and swimming pools. Some apartments may be rented already furnished, further saving the renter costly decorating expenses. Agreements for apartment rentals are typically flexible as well and typically range from a few months at a time to a year or longer. This gives the renter a greater mobility than a property owner as well. As indicated, there are many reasons to consider renting an apartment. The choices are practically limitless.
