Apartment Life: Four Things First-Time Renters Should Know

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If I were really really ridiculously wealthy, I would not buy a mansion, just tiny apartments in every city I love. ~Mara Wilson

Living in apartments is the very epitome of a minimalist lifestyle. In the hustle and bustle of daily life and in a fast-paced and progressive city where every individual seems to be perpetually on the go, living in an apartment can be very ideal. However, there are certain things one must know to make one’s life living in an apartment a breeze—most especially if you are a first-time apartment renter. Although, paying your bills on time is paramount to making sure you do not get evicted, that is not all there is to apartment living.

So, if you are ready to leave the house and rent your first apartment—regardless of whether that is a house and lot in Cavite or wherever—be sure you leave the family nest on a firm footing with these tips.

1.) Budget smart to avoid hassles

Before renting out a property, see if you can afford the monthly rent. You might be able to afford the down payment fee, but it is imperative that you take a closer look at your finances to see if you can manage to pay its monthly fee. Remember that some landlords do not afford any grace period to pay rent, should they allow it that would reflect on your lease. Additionally, should your payment be delayed, landlords may charge you “reasonable fees.” With this in mind, look for a place where you can afford the monthly rent.

2.) Make a good impression on landlords

Your landlord would ultimately decide whether or not you can live in one of his spaces for a period. Considering that to be the case, it would be important to make a good impression on them. If you have no credit or rental history, you should be ready to show income and dates of employment and at least provide contact information for at least one work reference. Additionally, it would be to your advantage if you have two bank accounts, but one would do. This will allow your landlord to conduct background and credit checks and see if you have the capacity to pay.

3.) Understand what is written in the lease

Remember that the lease is a legal binding document and your signature on the document would mean you conform and agree to everything that is written. Do not just give your lease a once-over and signing it immediately. Be perceptive and if there is anything you do not understand, do not hesitate to ask your landlord or your lawyer. If you are co-signing the lease agreement with someone, it is best if this would be complemented with a co-tenancy agreement. If you identify different responsibilities and liabilities before moving in, it will preclude any legal conflicts and predicaments once you have settled in.

4.) Thoroughly inspect your new apartment

Once you have moved in, do not get settled into your new space. Check every nook and cranny and examine every corner of your apartment. If you find any broken utilities or have any concerns for any necessary repairs, write them down on a renter’s inspection worksheet. Inform your landlord so that they would get fixed right away.

Remember that as a tenant; it is your basic right to live in a habitable and safe environment which roughly translates to you and your landlord having certain maintenance responsibilities for the apartment. Do not wait too long to alert your landlord as regards necessary repairs; this would protect you from any liabilities should you move out.

 

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