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What to Know Before Renting an Apartment
November 6, 2023
What You Should Know Before Renting an Apartment
- Understanding the Rental Process: The rental process begins with getting approved to rent the apartment, since complexes are categorized as privately-owned businesses. Each complex and landlord will have their own tenant approval process that you will need to pass in order to rent an apartment, requiring you to provide proof of income, a good credit score, and deposit. Some may even require a background check, and have you fill out additional paperwork.
- Different Types of Costs:
When renting property, there are upfront costs that include first and last month's rent, as well as additional fees, such as pet deposits. Long term costs include utilities and other necessities, in which you should consider your budget when renting to determine how much you can afford for rent.
- Importance of Renter's Insurance:
While an additional bill to budget, renter's insurance is especially helpful in the event of natural disaster or theft. Landlord's insurance policies do not cover personal property, and many landlords have begun to require their tenants to carry renter's insurance.
- Amenities: Aside from deciding which location is the best for your lifestyle, you should also inquire about what the apartment includes, such as the amenities of the complex and whether the apartment comes with appliances or not.
- Leasing Terms: Before signing a rental agreement, you should determine how long you intend to rent for. Most lease agreements are prepared for six-month or one-year terms. However, you can discuss arrangements for a month-to-month basis, or for more than one-year, depending on your needs. It's important to remember that your lease may automatically renew!
- Roommates May or May Not Be Allowed: When finding a one or two bedroom apartment to rent, you should ask if roommates are allowed before signing a rental agreement to ensure that your potential landlord doesn't have issues. You also may or may not be allowed to add a roommate until your original lease is up for renewal.
Apartments for Rent in Fairfield, CT!
Fairbridge Commons is an apartment complex that provides one-bedroom apartments and two-bedroom apartments in Bridgeport, Fairfield, and Stratford, CT. For more information about what you should know before renting an apartment, or to learn more about what you need to rent an apartment, contact us today!
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There are many benefits to choosing to rent an apartment over buying one. Fairbridge Commons offers off-campus housing and long-term rentals in Bridgeport, CT.
Read our latest blog post to learn how you can safely search for an apartment during the COVID-19 pandemic. If you are looking for a one or two-bedroom apartment in the Bridgeport, CT area, contact us today.