Finding your ideal apartment can be quite exciting. But before moving in, there are a few details you should know before signing the lease agreement. Keep in mind that renting a residential real estate property is a long-term financial commitment that requires preparation. Not all contracts have the same clauses, and forgoing due diligence can put you in a costly predicament. Here are a few tasks to do before renting an apartment.
What to Do Before Signing an Apartment Lease
1. Tour the Property
Visit the unit during off hours to get a feel for the neighborhood. Ask the landlord or property manager for a walk-through, so you can see the real estate’s features better and know whether they fit your needs. On your way to the location, consider the commute to determine if a lower rental fee is worth the extra transit costs.
2. Ask Questions
Before signing, ask what is included in the contract, such as monthly rates, utilities, and miscellaneous fees. Find out whether you can modify the walls, duplicate the keys, and bring in pets. Some apartments have stricter policies against these, so it’s best to know which ones you can avoid.
3. Get It in Writing
There are instances when lease contracts are not detailed; this could mean trouble in the future. Avoid long-winded disputes by documenting everything that was discussed and agreed upon—including taking photos of pre-existing damage in the real estate property before moving in.
4. Read the Fine Print
Do not, under any circumstances, sign the apartment lease without reading through the fine print and checking revisions as discussed. Make sure you’re clear on property repairs, lease termination policies, renewal conditions, and pre-termination costs, in case you have to move out earlier than expected.
5. Be Financially Ready
After signing the lease, you may be required to pay a considerable sum of money upfront for security deposit and rental fees. You’ll need to factor in moving costs as well, so get your finances in order before committing. Choose an apartment that best fits your budget to avoid falling behind on rent payments.
Let the rental property experts at Buckner Properties guide you in finding the right real estate property. Based in Cookeville, TN, they are one of the leading property management companies throughout the city. Call (931) 526-2104 to set up an appointment with a member of their team. Visit their website to view their current listings of apartments and homes for rent.