Much like buying a house, renting a property requires considerable forethought. While home rentals come with many benefits, there are financial and lifestyle considerations that you should account for before signing a lease. The below guide has a few of the most frequently asked questions about renting a home.

What You Should Know About Rental Homes

What is the security deposit used for?

A security deposit helps ensure you will keep the home in excellent condition. While it is a good-faith gesture, it’s also a required fee for most rental properties. Should you damage the home, the repair costs will come out of your security deposit when you move out.

Can you have a pet?

Some rental homes are pet-friendly, and others are not. If the property does allow pets, there may be a breed or number restriction, so make sure their policy aligns with your lifestyle before signing a lease.

Can you change the house?

Whether or not you can update the space is up to your landlord. Always get permission before making structural changes, like installing new windows or performing cosmetic updates like a fresh paint job.

Who is responsible for repairs?

Your landlord will maintain responsibility for routine maintenance or repairs. There may be a maintenance man or team available for your specific property, so you should know who to call if you need assistance. Remember that if you cause the damage, you may be responsible for the cost.

Do you need renter’s insurance?

Landlords may require renter’s insurance. Before signing a lease, ask if you must pay for monthly rental insurance so that you can plan for the added cost. Even if you don’t need the insurance, it’s never a bad idea to have coverage in case of emergencies.

 

Are you looking for the perfect home rental in the Ashland, KY, area? Turn to Tudor Oaks Properties for new townhomes for rent, rental homes, and apartment rentals. Offering a wide variety of properties in Ashland, Boyd County, and the Russell Flatwoods areas, they’ll help you find the perfect space that works with your style and budget. Visit their website to browse their properties or call (606) 325-1240 to schedule a viewing today.