Don’t Sign a Lease Without Asking Your Landlord These 8 Questions

Getting a new place can be an exciting process. It can also require some savvy thinking and careful planning.

It’s important for renters to take steps to protect their own interests and financial reputations. This is especially true when dealing with landlords and leases. The truth is that what’s written in the fine print really can turn your living situation into a nightmare if you don’t know what you’re getting into.

Nobody wants to pay good money for an apartment that doesn’t allow them to enjoy their environment, feel safe, or host friends. So, how can you make sure your new apartment or rental home is a good fit and also protect your rights as a renter?

Here are eight key questions to ask the landlord before ever touching your pen to a lease.

1. What Methods of Payment Do You Accept?

There was a time when paying by check was really the only way to take care of your rent. However, many apartment complexes now offer electronic payment options.

Electronic payment options are a secure and convenient method for paying your landlord. You may even be able to set up automated payments to avoid missing a month, especially if you’re routinely out of town or have a lot on your plate.

You should definitely avoid a landlord that only accepts cash payments. That’s a sign that something isn’t quite right.

Also, never under any circumstances provide a payment before you’ve viewed your apartment and signed a lease. There are actually a ton of online scams on popular websites, intended to lure in and take advantage of renters. They often hinge on collecting payment up front. So if any landlord asks for payment before you’ve signed the lease, beware.

2. What Is the Guest Policy in This Complex?

The complex you want to live in may have a great pool area, tennis courts, and a state-of-the-art gym. However, there is the chance that you may not be able to bring friends to enjoy these activities if a complex has a strict guest policy.

Sometimes, amenities are only open to leaseholders. This might disappoint you if you’re not a big fan of the idea of paying extra for fancy perks that you can’t share with guests occasionally.

In addition, you may be restricted from even letting friends crash on your couch for more than a few nights…

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COO @oneqube | Angel Investor | Proud mom | Advisor @TheTutuProject | Let's Go #NYRangers
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