Many individuals and families choose to rent an apartment because it is an easier and more flexible option than purchasing a property. Apartment living allows you to have access to an extensive list of amenities without having to worry about any of the maintenance in the community. Additionally, you are only committed to an apartment for a certain amount of time, and you don’t have to worry about selling if you decide you want to move somewhere else.
While there are many perks and advantages to living in an apartment community, you still need to do your due diligence before deciding on a place to live. Following are a few of the items you should be sure to review before signing an apartment lease.
What is included in your monthly rent?
Each apartment community handles this differently, so it is imperative to get clarity on this matter before signing your lease. In some apartment communities, the monthly rent will include details such as parking, cable, and utilities. However, other communities will have these as additional fees. You may think that an apartment unit is in your budget – until you realize that you will have lots of additional costs on top of your monthly rent. You don’t want to get yourself into a situation where you are unable to afford your apartment, so you need to fully understand what you will be paying each month and what that will cover.
What is the length of your lease?
Prior to signing a binding document, you want to be sure that you are comfortable with the length of your lease. Do you really want to commit to living somewhere for two years? Will it cost you an arm and a leg if you have to break your lease? Does the lease have the correct length that you discussed with management?
What can you do inside your apartment?
You may have grand plans for how you are going to decorate your new apartment home, but you first need to be sure that your vision is allowed in the lease. Some apartment communities will allow you to paint the walls, and others will not. Additionally, you may have to patch the walls from whatever artwork, picture frames, and other décor you decide to hang. These details may not be a deal breaker for you, but it is still important to know what is allowed and expected from residents.