When you’re looking for a place to rent, there are certain questions that should be asked prior to signing the lease. Here are 8 must ask questions whether you’re a first time renter or a long time renter.
1- What’s Included In My Rent?
Choosing a rental that includes utilities can save you money. You’ll want to ask your landlord and management company what the included amenities are. These could be amenities such as parking, lawn care, storage space or pool access. Depending on the rental agreement you may be responsible for additional fees if it turns out that they are not covered by your monthly rent payment. Don’t assume anything. Get written clarification.
2- Is My Security Deposit Refundable?
If you are unable to keep your rental agreement for whatever reason, most landlords will refund the security deposit in full. If there is damage or if you break the terms of your contract and leave early (or at all), then a landlord may charge an amount to cover their loss. If you’re in Ontario, review this site for some guidance. If in Alberta learn more here.
3- Is Renters Insurance Required?
Renters insurance not only keeps your belongings safe in the event of a covered peril, but it also provides you with liability coverage if something were to happen that demands financial responsibility on your part. Some landlords and management companies require tenants to have renters insurance. If you’re in Ontario or Alberta, click here to request a quote.
4- Are Pets Allowed?
While some properties may be more lenient with what type of pet you bring. They might only allow cats or maybe they only allow small dogs. In all cases, it’s still important to ask if there are any nonrefundable fees or rent for having pets.
5- What’s The Guest Policy?
When it comes to overnight guests, visitors or even extended stays – landlords have varying rules. Be sure to read over your lease terms so you know the specific guidelines that need following while renting a property.
6- Is There Emergency Maintenance?
Renting an apartment is a big decision and you should make sure to ask specific questions about things like emergency maintenance, or submitting general requests for your unit. You also want to know how long it normally takes these issues to get resolved. A good landlord or property manager would happily address this prior to lease signing.
7- How Much Notice Is Given Prior To Entering The Unit?
Make sure you review your lease to see how much notice the management company or landlord requires before entering into your rented unit. Usually, landlords give tenants 24 hours’ advance warning that they will be coming into their rental unit if there is an emergency maintenance problem.
8- What Is The Penalty For Breaking My Lease?
The consequences of breaking your lease can be costly. The penalties could include forfeiting a security deposit or paying rent in excess of months left on your term. If you need to move before the end date on your contract, read over what is expected of both parties in case an agreement needs to be reached between tenants and landlords.
The next step is to ask yourself whether or not the answers provided by the landlord or property manager has satisfied your concerns. If they haven’t, then keep looking! Your future home awaits somewhere else.