Hooray! You’ve found the perfect college house or apartment. Before you sign your lease and move in, read it over carefully! Your lease should clearly include:
- Name and signature of the landlord Name and signature of the tenant
- Rent amount to be paid, how frequently, and when and where it is to be paid
- Address of the rental property
- Starting and ending dates if it is a fixed term tenancy
- Landlord’s mailing address
- Amount of the security deposit, if any
- Name and address of the financial institution holding the security deposit
- Notice of the tenant’s obligation to provide a forwarding address to the landlord within 4 days of terminating the tenancy
- Who is responsible for paying utilities?
- Repair and maintenance responsibilities
- Eviction procedures
- Any other terms and conditions that the landlord and tenant agreed to.
Protect your Security Deposit
- When you move in, document all existing damages to the house
- Take pictures or video of visible damage
- If the landlord provides a check-in sheet, fill it out completely and thoroughly.
- Before reporting damages to landlord, live in the house a few days to make sure all appliances, electrical plugs/fixtures and plumbing are fully functional.
Renter’s Insurance provides protection of your property – for both your home and car.
- Home: Renter’s Insurance will cover anything that is stolen or damaged by fire or flood.
- Car: Renter’s insurance will cover anything inside your car like CD or MP3 players and other property.
- You’d be surprised at how much you stuff is worth!
- Estimates show that the average person owns $20,000 of personal property.
- Renter’s Insurance is available through most insurance providers and is available for as little as $5/month.
- Companies will often offer discounts if you already have a policy through them.
- Policies might also be available through your parents’ insurance