Straightforward Guide To Renting.
Step 1: Work out a realistic rental budget. Take into account REGULAR earnings and subtract any loans and regular payments. Remember to allow for any utilities and rental insurance.
Step 2: Find a suitable property. This can be done by using a Realtor™, Browsing classified ads in local newspapers or checking online ( Craigslist, forrentbyowner, Ect).
Step 3: Whether you rent through a property management company or through a private landlord be sure to find out their qualification criteria. Most require similar information such as employment details, previous landlord(s) and credit checks. There is usually a fee for this and the amount charged will vary. Be sure to find out how much it will cost you. Remember to ask what the total move in cost will be. A typical list of charges could look like this:
- Admin/Application fee
- Earnest deposit
- Security deposit
- Pet deposit
- Cleaning deposit
- One month’s rent in advance
NOTE: By law a landlord cannot hold more than one and a half months rent as a deposit. ( This includes any refundable and/or non refundable deposits).
Step 4: Once you have signed your lease and have your keys make sure you schedule a walk through with your landlord/property manager. This is your opportunity to address any potential issues such as a faulty microwave or a window, which you cannot secure. Be sure to check your lease agreement to see what issues are the responsibility of your landlord and which issues are your responsibility.
You should be given a Move-In/Out Inspection form to complete. This form needs to be completed and returned to your landlord/property manager within 5 days of taking up occupancy ( unless otherwise specified). This is your opportunity to find out what works and what doesn’t and will be used when you vacate. If that big stain on the bedroom carpet was not listed on the move-in/out Inspection form then you WILL be charged for cleaning or replacement.
Step 5: Another important task is setting up your utilities. Check here for contact numbers and websites for utility companies in the West Valley. Don’t forget to change your address with USPS and remember to update your drivers license.
Step 6: Move in and enjoy your new home. Be courteous to your neighbors and keep the property in good condition!