On the surface, it seems like renting an apartment is a fairly straightforward process. As it turns out, however, there are actually a lot of pitfalls that you can stumble into along the way. Even if you find the perfect place, you need to be sure to read the lease carefully before signing it.
Knowing what to look for in your lease when renting a Westchase apartment can help ensure that you won’t run into any surprises further down the road. As you read through your lease, pay particular attention to the following sections:
1. Your monthly rental amount. Make sure that the monthly rental fee listed in the lease matches up with the price that you were quoted by the landlord or property management company. Make sure no additional unexpected fees have been added in at the last minute.
2. The amount of your security deposit. There should be detailed information about your security deposit included in the lease. It should not only state the amount of your deposit but also the requirements for getting it back. Ideally, there should be a timeframe for returning the deposit listed in your lease so you know approximately how long you will need to wait to get it back since most states don’t have any specific requirements regarding how quickly landlords need to return deposits.
3. The length of the lease and information about renewing it. Make sure to read how long the lease term is before signing the paperwork. Additionally, check the lease for a renewal clause. If you plan on staying in the apartment long-term, make sure that there is an option to renew at the end of the lease. If so, check to find out whether or not the rent will go up at the time of the renewal. Typically, this information is contained in a section known as an escalation clause.
4. Information about pets. If you currently have a pet or plan on getting one in the near future, find out what the pet policies are for the apartment. This information should be clearly defined in the lease. What types of pets can you have? Are there any specific requirements regarding where they can be kept? Do you need to pay an extra deposit to cover any damage that may result from them living in the apartment?
5. Details about your utilities. With some apartments, the landlord covers the utilities for you. With others, you are responsible for paying the utilities on your own. This information should be clearly outlined in your lease. The cost of utilities can be quite high. Make sure to read this section carefully so that you know all of the expenses that you may face after you move in.
When renting a Westchase Apartment, it is important to read your lease carefully. If you don’t have a lot of previous experience as a renter, you may want to have someone more experienced read it along with you so that they can point out any potential problems before you sign it.