Business & Finance Renting & Real Estate

Tips Before Signing an Apartment Lease

    Read the Lease Thoroughly

    • It can be easy to skim over detailed documents like leases without actually taking in the details. You should read the lease thoroughly so that you understand the terms of the agreement. The amount you must pay in rent each month is not the only relevant factor when moving into an apartment. For instance, the amount of the security deposit, pet policy and parking situation are just a few considerations that may affect you.

    Inspect the Apartment

    • Many landlords require renters to sign leases that obligate them to six months or even a year of rent. It is important to inspect the entire apartment before signing a lease to make certain you are happy with it. There may be problems with the apartment that you did not notice in your initial viewing. Make sure to check how well all of the appliances in the apartment work; a bad fridge, AC unit, oven, toilet or shower should not surprise you after signing your lease.

    Look at Other Apartments

    • Searching for an apartment can be a laborious process, but accepting the first passable apartment you come across can get you into a suboptimal living situation. Your goal should be to find an apartment you genuinely like, not one that you don't dislike. If you don't view at least a handful of apartments, you may not be aware of the full range of spaces offered in your area. When you view an apartment, consider bringing a friend along to get a second opinion.

    Ask Questions

    • Ask as many questions as you need to feel comfortable about an apartment before signing a lease. You should know exactly how renewing the lease will work, which utilities are included in your rent, the approximate costs of utilities that are not included in rent and any special rules for living in the building. If you don't like some of the terms or expenses associated with the lease, consider negotiation with the landlord to change the terms of the lease.

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