When leasing an apartment for the first time, it is good to beware of a few things.
- Move-in Costs – When moving into an apartment you will most likely have to pay a deposit and first month’s rent if you are accepted. The deposit amount is usually based on your credit score, so the higher your credit, the lower the deposit amount. Deposits can range anywhere from $50-$500. There is also usually an Application fee or Admin fee when applying. These can range anywhere from $50-$250 and are usually non-refundable.
- Length of Lease – You can usually find places that will lease anywhere from a month-to-month and longer. Common lease terms are six months to two years.
- Repairs – When a repair needs to be done in an apartment, typically you will either go to the leasing office and put in a request or fill out an online request if the apartment complex offers that feature. The apartments would then send a service person (on staff) that will come fix the issue.
- Pets – Some apartments will also pets, while others may not. If they accept pets, they will charge an additional deposit for the pet. Some complexes may even charge an additional monthly rent per pet.