When you sign a lease for a rental property, you are committed to it for the term of the lease or potentially face a long legal battle. What many renters fail to realize is that they are not only tied to the apartment, but they must deal with the landlord as well. Learn to spot those really bad landlords before you move in to save yourself a lot of aggravation and frustration.
Owner vs. Property Manager
Dealing with a property manager is almost always better than dealing with an owner when it comes to renting, since property managers are professionals who risk losing their license and their business if they run afoul of the law. Owners are often amateur property managers, and many of them haven’t even taken the time to research local landlord-tenant ordinances. If your prospective landlord lives on the premises, run like the wind or be prepared to have your every move analyzed for the duration of the lease.
Identify Revolving Doors
Unless you live in an area with a high rate of transiency, ask your prospective landlord how many tenants have lived in the apartment over the past five years. If the answer is five, move on to the next property listing. Although personal, professional or financial circumstances may cause someone to move unexpectedly, that shouldn’t happen to five tenants in a row. Good landlords keep tenants. Landlords from hell usually have a revolving door and a very long list of tenants.
Read the Lease Thoroughly
Lease documents usually contain standard clauses about the financial aspects of the rental, the lease term and other details specific set forth by the landlord. Read the lease from end to end before signing it to be sure that you know what you are getting into. Since you don’t know yet whether you are dealing with the landlord from hell or not, don’t believe him when he tells you that it is just a “standard lease document.” Although the landlord has agreed that you can keep a dog in the apartment, for example, he may have a clause in the lease restricting the size and type of dog. If you find any unusually restrictive, nit picky or just plain weird clauses in the lease, politely decline to sign the document and move on.
No matter how much homework you have done before you sign your lease, make sure to protect yourself. Get some good renter’s insurance from a reputable company, such as RentersInsurance.com, and become intimately familiar with your city and state’s landlord-tenant rights and rental ordinances. And if your cousin’s mother’s brother’s uncle is an attorney, invite him over for dinner. Having a pipeline to free sound legal advice certainly can’t hurt.
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