Tuesday, January 08, 2008

Renting: Understanding The Agreement And Renting Considerations

By Sisi Maseko

When signing a renting agreement, the information you supply about yourself is important for checking out your history and current working situation. If you supply wrong information, you might be denied the apartment or house. Always print your information so it is eligible, but sign your name at the bottom. The more information you supply, the better your chances are for being accepted for the rental.

The renting agreement discloses who is responsible for repairs and what repairs you are subject to as well as the property owner. The property owner does have a right to inspect the premises at any time with proper notification. If you read the renting agreement before signing, you will know your rights as a renter and what is expected of you while renting said property.

In the apartment leasing agreement, the rent due date as well as the penalties for late rent and failure to pay rent are very important to look closely at before signing. Normally, you are given a five-day grace period for paying the rent before any late fees are accumulated. At this time, the property owner can issue additional fees or a five-day pay or vacate order. You cannot fight this common practice. If you sign the apartment leasing agreement, you are aware of the outcome if you fail to pay the rent.

Do not always count on the property owner to be polite if you do not pay the rent on time. If you live in a state with laws against displacing people during the winter months and you stop paying your rent, you might find yourself in court anyway. Some property owners are adamant about the rent and do have lawyers that may find loophole in the law.

What to consider

If you are considering renting a house, you need to know a few house renting tips. When you are looking around for a house, you want to consider the location, what needs to be done outside the house as far as lawn care and the over all size of the house. If you only need two bedrooms, you do not want to rent a house with three or four bedrooms. This will not only be a waste of space, but will cost more on utility bills.

Usually when renting a house, the yard work becomes your responsibility. You will need to consider the size of the yard, the work needed to be done and then you need the necessary equipment to care for the yard. House renting means a little more freedom than renting an apartment, but along with that does come more responsibility. So you are going to need a lawn mower, a weed whacker and some shovels or a snow blower if the area has a snowy winter.

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