Facts On Renting A Home

Facts on renting a home. Find out if you will be legally binded to a lease where you are renting. If you are looking for a rental home, there are many factors you have to consider. Our apartment locating...

If you are looking for a rental home, there are many factors you have to consider. Our apartment locating expert, Jerry Yelvington, real estate agent for Avery Windsor Properties, says legal issues should be looked at first.

"Well, the first thing to consider is are you going to somehow legally be bound to the lease? There are two ways to be on the lease. One, as a resident, where you have actual contractor viability. If two people are living in the same apartment then it is 50/50. If you are listed on the lease as an occupant, an occupant has no legal responsibility, but the occupant status gives you legal access to the property without resident responsibility.

And it can be listed on a standard TAA lease as either the resident or the occupant. Generally, in a roommate situation a roommate is not going to let you be on the lease, unless you rented the place originally together. I rarely have seen anybody have them changed and put on the lease as an occupant either," Yelvington says.

Here are seven tips that will help you get off to the right start with a home rental. Experienced landlords and beginners can benefit from these home rental practices:

Consider what amenities you want. Consider some of the features that renters in your area may want such as a washer or dryer, cable, air conditioning and more.

Spend some time researching what other rentals in the area rent for. What is their location compared to your rental? What other features does that rental have?

Don't wait too long to decide if you live in a competitive housing area. Before you go house shopping, make sure you know exactly what you want. Then, be quick to make a decision when you find it.

Get the right landlord. Make sure he or she will available when needed. You can even ask for numbers of previous renters. You can talk to them, and see how they got along with the owner.

Make sure you get a written rental agreement. In some cases, landlords won't give out contracts, and you can be out of a house in a matter of months, if they decide to do so. Determine a leasing agreement and sign it. Make sure you understand all the legal documents before signing.

Ask about pet deposits, and if it is refundable when you leave. Some renters won't give you back your money and can ask for a huge sum of money. Yelvington says make sure you tell your landlord about any animals you have. Don't just sneak them in to avoid a pet deposit. This can get you evicted. If you live in a competitive housing market, this could put you out for a while.

In the end, Yelvington says get what you want, and make sure you get a landlord you know you can work with. In the end, you will be glad you did all the research.

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