Not being able to find a lease guarantor is a big problem for some tenants who want to stay in high-rent areas but don’t have the required income. Strict income requirements are a reality, particularly in the pricier areas of big cities. Unemployed or underemployed tenants often feel the squeeze of a rental agreement that […] read more
Posts Tagged ‘Lease Agreement’
Anyone who has been asked to be a lease guarantor, or who is involved in a rental agreement including this third-party role, will want to know about what actually happens in this kind of lease agreement situation. The lease guarantor in a rental agreement is someone who vouches for the tenant. By signing onto the […] read more
Renting a privately owned home carries many benefits that are superior to renting apartments and other multi-family units. If you have the choice between renting a home and renting an apartment, and the rent payment the homeowner wants is affordable, then you should rent the privately owned home. Here are just a few reasons why: […] read more
As you budget for expenses associated with renting an apartment, be sure to include costs that you have to pay before you sign the lease. These can add up, and you don’t want to begin renting an apartment in the red. Some fees may not apply based on where you’re renting and whether you have […] read more
Renting an apartment in today’s world almost always includes a lease application. Background checks, credit checks and a person’s demeanor are almost always used when choosing a renter; and having a previous eviction on your record is usually a huge red flag. Most landlords will not grant a second chance to you. They are usually looking for […] read more
When reading a tenant agreement, it’s important to focus on the major issues first. The amount of your rent payment is more important than what state has jurisdiction over the lease should a dispute arise. Here are some lease clauses to read and understand when you get your tenant agreement: Rent and Security Deposit The […] read more
When you sign an agreement to lease an apartment, you are entering into a legally binding contract with your landlord. Like all contracts, the terms you agree on are negotiable. Understanding your rights and the negotiating process will help you to sign a lease with more favorable terms. Is Everything Negotiable? In some contracts, all […] read more
No two lease agreements are exactly alike. Each tenant has a unique situation which requires a negotiation of the terms or the addition of more terms. Knowing the different terms of a typical agreement will help you negotiate the best agreement possible. Lease Term This clause in your lease agreement is straightforward. It lists how […] read more
Before you sign your lease, it’s good to review the key terms found in a sample lease agreement. A lease is a mutual agreement between a landlord and tenant that lays out the expectations for living in the apartment. It includes everything from how much you’ll pay for rent to your promise not to be […] read more