How To Sign An Apartment Lease

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How To Sign An Apartment Lease :


Apartment Listing  
     Before you sign a leasing contract for your dream apartment, it is important to do your homework. Don’t let your emotion overcome your logic.

            Why? The reason is that you are about to spend a lot of money and bind yourself in a legal document that is hard to get out. Breaking apartment lease will usually cost you handsomely. So before you sign the John Hancock, make sure that you have already thoroughly understood the contract. I usually recommend my client to take the contract home and sleep on it.

Here is what you need to do:

    • Submit an Application: Generally, if you plan to rent your apartment from management companies, you would be required to fill out an apartment application. It is a part of the corporate read tape. These big companies usually try to protect themselves, if the apartment is taken off the market. On the other hands, small or individual landlords don’t always require you sign an application. In addition, sometimes you will also need to pay a non-refundable application fee (application deposit) with the application.
    • Credit Check: Most landlords will want to do the credit check on you, because they want to make sure that you are a good tenant and can pay the bill on time. If you have a copy of your credit report prior to looking for apartment, don’t forget to submit it with your application. Otherwise, you will be asked for social security number and credit history for a credit check. Some landlords will want to talk to your previous landlords. It is a good idea to get a reference letter and contact information from your previous landlords.
    • Review the Lease: This is probably the most important step on your part. Go over everything in the contract. Ask for a copy of the lease. If the contract is legally binding, it is a good idea to have an attorney reviews it. If there is anything that you don’t like, talk to your landlords before you signing. Don’t forget that you have the power of negotiation for your apartment lease.

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( How To Sign An Apartment Lease )