What to Expect When Renting a Home
A Guide to renting a home or apartment
Buying a home is not for everyone. There are certainly times in life when a rental is the best option. If you are looking to rent out an apartment or home, I would be happy to help you in the process. What do you need to rent out a home? The paperwork can be different depending on your landlord, but this information can get you on the right track.
How to Apply:
- Fill out an application – No fee required
- References with contact info
- Two pay stubs, or proof of income
- Credit Report – FreeCreditReport.com is one of many sites that can provide this.
- We only need to see the front page, print it out and send it along with your application
Expect to pay:
- one month rent
- one month security fee
- one month transaction fee
Pets are not always allowed in rentals. Those that allow pets, require additional fees. Sometimes the pet deposit is used as a cleaning fee when you leave. A pet deposit is not always refundable. Please note that not all condos allow tenants to have pets. While it is perfectly okay for an owner to have a pet in many complexes, they are not allowed to rent out the unit to tenants with pets.
Utilities are another concern of tenants. Many apartments and most houses with require the tenants to pay electric, gas and oil. You would be responsible to set up your own accounts with the providers in your name. Check with the location about water and sewer. Most often it is paid by the landlord, or in this area it may be a septic system and therefore no fees.
After submitting your application it is reviewed by the agent and the owner.
Although not always required, renters insurance is something to consider . The insurance is for your household items. The landlord covers the building, but your personal belongings are not covered until that policy as a tenant. You will need to get your own insurance. This would cover things like a broken pipe that leaks onto your things, a fire or theft.