When renting an apartment, a security deposit is one of the expenses you will face. Unlike your monthly rent, which is a set amount, there are circumstances under which your entire security deposit may not be returned. Naturally, you would like to maximize the odds of having your security deposit returned when you move out. […] read more
Posts Tagged ‘Security Deposit’
Once your rental application has been accepted, and you are ready to sign the lease agreement, it is important to remember that signing a lease is a serious matter. Leases are legal documents, so it is important that the agreement is clear and complete. In order to be complete, the agreement should include the provisions detailed […] read more
With so much to think about as you plan your apartment search, there are a myriad of details that can be overlooked. It may help to sit down and answer a few questions or to make a list of things to remember during your search. 1. What Kind of Features Will You Need? Jot down […] read more
Posting a security deposit can take a large chunk out of your wallet. Some security deposits can be as much as first and last month’s rent. You want to make every last ditch effort possible to ensure that your security deposit is returned. Giving Proper Notice When you are moving out, make sure that you […] read more
A security deposit is a sum of money that your landlord requires you to pay before you move into your apartment. Your landlord will hold onto the security deposit until you move out. The purpose of the security deposit is to protect your landlord in case you damage the apartment during the time you are […] read more
So you’ve found that perfect apartment, and now the last step is to sign the rental contract. Before signing the rental contract, there are 5 questions that you must ask the landlord. Make sure that you are comfortable with the landlord’s responses before signing. 1 – What Are the Terms of the Security Deposit? The […] read more
A lease agreement, also known as a rental agreement, is a legal document that is written to specify the agreed terms and responsibilities the landlord or owner and you, as the tenant, have for the specified property. Why a Lease Agreement is Necessary A lease agreement is a very necessary part of rental transactions because […] read more
To get the most back from your apartment security deposit, you have to remember that you’re living in “borrowed” space, and it’s your responsibility to “return” the borrowed space in as close to original condition as you can manage. At the same time, as a borrower, you have rights, too, and you must make sure […] read more
When it comes to renting an apartment, there are more than a few landlords willing to do whatever it takes to get an apartment rented -- even to the point of attempting to scam unwary renters. Brittany Espy attempted to rent an apartment in New York City and wound up in a credit card dispute. As part of her paperwork with a broker, Espy was asked for her credit card information: "They told me nothing would be charged to me. They just needed the info to do my credit checks." The broker went ahead and charged her card, though, telling her that she had the apartment and had to take it. read more