Renting a home or apartment can prove tricky and, sometimes, quite complicated. In order to avoid any unwanted circumstances, consider speaking with your real estate agent about these five things before signing a contract:
1. Houses that are Without Furniture look Larger
When a house does not have furniture, it appears bigger than it really is. Therefore, always take the measurements of the house in order to make sure that you get what you are looking for. Buyers often fail to achieve a sense of how much furniture they will be able to fit into a house. Beware of being cheated by spending too much money on something that will not fulfill your requirements.
2. Ask for any Technical Problems
Technical problems are often costly and may damage your electrical appliances. Before deciding to rent, make sure that you ask about any technical problems in the house and get them fixed before moving in. Technical issues may increase your utility bill as they increase the voltage used by electrical appliances.
3. Maintenance Policy
Gated communities often have a policy that the residents are required to pay a maintenance fee to either the property owner or the management bodies of the household. To avoid conflicts later, make sure that you contact the affiliated personnel who manage your maintenance fee.
Decide what to do in the case when major repairs are required in the household. You do not want to end up getting involved in unnecessary issues that are time-consuming and draining your pocket book.
4. Leasing Verbal Tenancy
Different types of tenancies exist which determine the obligations and rights of the tenant and property owner. They differ from one to another depending on the agreement that is made between the tenant and the landlord.
Rentals that are without a lease are known as monthly-based tenancies or the tenancies that are taken at will. They last only until the rent is paid. Every month these verbal tenancies change.
5. Terminating Tenancy
As many state laws treat verbal rental agreements as short-term leases that are renewable, each lease is terminated immediately at the end of the lease period. If the rent is paid on a monthly basis, both parties, the tenant and the property owner, have the right to terminate the lease with only a month notice. Taking a step like this is beneficial for the landlords as it saves them money and time.
Often, tenants are able to terminate their leases for which they have to inform the landlord 30-31 days before they plan to leave, i.e. a notice period of one month.
If the owner of the property wants to terminate the lease in less time than the notice that was required, they are supposed to follow the eviction procedures that may vary from state to state.
After making sure that you have considered all of these points with your real estate agent, always take into consideration the laws of the state you are residing in.
Examples of Laws in Different States1. Alabama
- Maximum Security Deposit: The amount equal to a month’s rent
- The deadline for returning the security deposit: 35 days
- Maximum Security deposit: No statute
- The deadline for returning the security deposit: 30 Days
- Maximum security deposits: No specification
- The deadline for returning the security deposit: 30 days after moving out
- Maximum Security Deposit: No specification
- Deadline for returning the security deposit: 30 days
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