In today's troubled times, the key to survival is fluidity. We must remain able to deal with any changes that come our way while still maintaining the things that are most important to the safety and comfort of ourselves and our families. |
For many people, the last few years have been particularly troublesome. We have always been told that the key to the American dream was home ownership. However, as the mortgage market has faced so many ups and downs in the last few years, the sensible consumer may find that home rentals offer a safe and comfortable choice, while still offering a level of economic fluidity home ownership can never compete with.
Before diving right in and living on rental, however, there are a number of questions you should ask. The first questions to ask before signing an agreement lease are regarding the terms of the lease itself. No matter how long you plan on living in the property, it's important to know all of the penalties and benefits that come from attempting to break a lease early, should your life situation change dramatically.
If you choose to stay for the terms of your lease, you should be aware of whether or not you will have to resign a lease at the end of this term, or whether you will switch to a month-to-month term for renting.
Furthermore, you should also be aware of how your monthly rental payment may change after the terms of the initial lease come up. In many states, rental rates are somewhat controlled by the government, meaning that management companies are only able to raise the rent by a certain amount of money within a certain frame of time.
Next, you should ask as many questions about the property itself. Get in writing from day one what sorts of repairs and utilities will be covered by the owners, and what will be under your jurisdiction. As a tenant, you may also be required to maintain a certain level of cleanliness and presentability to the unit during your stay. This may also include limits on the number of guests, the types of pets, or whether or not smoking is permitted.
The key to renting is to find a reputable management company in your area. Ask your current friends and neighbors for personal anecdotes, and consult the Internet to fill in your research. When you do decide on a home that feels right, just remember to ask any questions you may have. After all, better safe than sorry!
Wondering if there are any loops in your rental agreement? Get it clarified from a New Orleans real estate agent, who can spot any indiscrepancy spot on and save you any legal troubles in future. Learn more about property related issues at http://www.realestatelouisiana.com
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