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What Should I Consider When Renting my First Apartment?

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  • Written By: K T Solis
  • Edited By: Bronwyn Harris
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  • Last Modified Date: 27 November 2016
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Moving into a first apartment can be an exciting prospect to any young adult. Living away from parents, being independent, and having a place to call their own are just a few reasons why many look forward to taking that first step toward renting a first apartment. People who want to lease their first apartment should consider several factors before making any decision.

First, it's necessary to look for an apartment that suits a person's specific needs. Potential apartments can be located in the newspaper, phone directory, rental guidebooks, or the Internet. Some websites allow potential renters to take virtual tours of apartments. This provides the consumer with a general idea of the floor plan without ever setting foot inside the actual apartment.

People looking for a first apartment should consider where they wish it to be located. It's important that the apartment is in a safe neighborhood but offers monthly rents that fit the person's budget. A consumer should also consider the type of features needed in an apartment. Not all apartments offer the same amenities. Some may offer dishwashers, while others do not.

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Washer/dryer hookups may be available in one apartment complex, but another apartment building may only offer an on-site laundry facility. Some tenants may need a place that permits pets, while other tenants may look for a complex that provides an on-site fitness center. No matter why type of apartment a person seeks, it's important to contact the Better Business Bureau in order to ensure that the property management company has a good reputation.

Once a person decides on an apartment, she is required to fill out an application. The application helps the landlord determine whether or not the applicant is a good candidate for living there. The landlord will use the application to conduct a credit check and verify the applicant's employment and salary. These factors will help the landlord decide whether or not to offer the apartment to the applicant. Most property management companies require that the applicant pays a fee to fill out the application.

Once an apartment application is approved, the tenant must sign a lease agreement. This agreement should be read carefully since it provides important information about the duties of both the applicant and the tenant. It provides details concerning the length of the lease, the security deposit, the monthly rent, how repairs are handled, and other crucial matters pertaining to the rental agreement. A lease is a contract that serves as a protection for both the tenant and the landlord. The rent or rules of a lease cannot be changed unless both the tenant and landlord agree on the terms.

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