Townhomes for rent involve a big financial commitment, inspections, and legally binding contracts. As a first-time renter, do your homework to understand what to do when you’re ready to sign the contract. Here is what to expect during the move-in process as a tenant:
Your Budget Should Cater For More Than Rent
If you’re renting for the first time, your budget should include more than your monthly rent. There are other expenses and other ongoing and one-time fees that you need to pay. Before looking for townhomes for rent, be ready to pay for upfront costs. They can include:
- Moving costs
- Application fees
- Security deposit
- Rent
- Furnishings (if required)
Ongoing expenses that you may need to pay monthly include:
- Parking
- Rent
- Laundry
- Internet and phone
- Utilities such as sewage, electricity, water, and garbage
Requirements of Renting
The requirements for renting a home vary depending on the landlord. There are specific criteria to get approved for your home, so ask the landlord or property management company before signing. In many places, they include:
- Proof of income
- A list of references
- A certain credit score
- The first month’s rent
- A security deposit
- An application fee
Collect the necessary documents that you may need for the application process. They can include:
- A driver’s license or ID
- Social security number for background and credit checks Contact information
Ask the landlord questions to understand the process of application and processing times. Sometimes they can take a few weeks, while other rental places can get back within the day to let you know if you were approved. Knowing their policies can help you prepare for your move-in date or let you know if you need to find another place.
Read the Lease
Read the lease thoroughly to understand the agreement before signing. Changing your mind or backing out can mean that you may still be held responsible for the total lease amount based on how the contract is written. Read each section carefully while paying more attention to clauses concerning:
- Guest policies
- Late fees
- Notice requirements
- Renewals
- Early termination
- Right of entry
- Maintenance
Keep an Inventory
Your inventory list should include details on the property’s condition, such as any damage to appliances, carpets, and marks on the wall. Go around the home during the move-in process and make notes about the property. Each little detail counts. When you decide to move out, the landlord will check your inventory to know if there is new damage or if anything is missing.
Know Your Rights and Responsibilities
You have rights and responsibilities when moving into a rental, and you need to know what they are. Your tenant agreement should spell out the expectations of you and your landlord. You have the right to be protected from unfair rental increases and unfair eviction. You also have the right to get your deposit at the end of your tenancy and live in a home that’s in a good state.
Find Ideal Townhomes for Rent
Find a company that offers tenants townhomes for rent that match your needs. They should have different rental properties available to make it easy for you to make a selection. Choose a company that is willing to take you on tour and provide you with all the information you need to find a perfect match.
