Tips To Help You With Your Next Townhome Rental
Posted on: 18 December 2020
Renting a new townhome is an exciting time as you set up and get settled into your new home. However, be sure you know what you are signing on your rental contract. Here are some recommendations to help you go into your next townhome rental with a clear understanding and thorough knowledge for a happy move.
Understand The Lease Terms
When you decide to rent a townhome or an apartment, you want to find out all the details about your lease and make sure you understand the terms. You should ask about the length of the lease and whether it is for a one-year lease or only a six- or nine-month lease. It is helpful to know the length of the lease so you know how long you will be locked in at a specific rental amount.
If you decide to live at the townhouse longer than your lease, you risk the rent going up on you. You can sign another lease at that point, but it may be for a more expensive rate. Instead, if you plan to be at the townhome for a longer period of time, look for an 18-month or 24-month lease if they are available. This will guarantee you the rental rate for the length of the lease so you don't have to worry about it increasing, especially if the housing costs in the area have been steadily increasing lately.
Know About Any Deadlines
Next to the rental contract length, understanding the rental lease deadlines is important as well. There are many types of deadlines and dates that will be important to you during your lease, so be sure to have them highlighted in your mind so you don't make a mistake. First off, know when your rent is due and when it is considered late so you can avoid a late fee charge or the start of an eviction process. If the rent is due on the first day of each month, is there a window of a few days before it is considered late? Some landlords will give you until, for example, the fifth day of each month to pay your rent.
Also, make sure you understand the time frame you will need to notify your landlord when you choose to move out. Is there a 30-day notice deadline, and how do you need to give a move-out notice? If you need to give it in writing, will you need to fill out a move-out form that your landlord can give you? And if you move out, do you need to pay through the end of the month to end your tenancy or can you move out in the middle of the month if you want to as long as you give the appropriate notice? Talk to the property manager or landlord to get these details clarified when you sign your lease.
To learn more, contact a resource that has townhomes for rent.
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