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Things to Know Before Renting an Apartment Any person considering to rent a new apartment should consider some concepts regarding the situation. Are you in the market to rent or buy? Lets take an example that one decides to rent which arrangement best suits you? Many apartments in Boston, and other large metropolitan areas are co-ops. Residents in those buildings own shares of the corporation that owns the building that is what is meant by co-ops. Apartments for sale are commonly referred to as condominiums. Individuals and residents of development share ownership are the owners of condos. Large towns have old houses divided into individual spaces or have apartments designed as individual units. Most major leasing companies have their leases for either 12 or 6 months. An apartment means a residential section or unit in a building. a vacancy is only said to exist when the residential unit has no one occupying it. It is important for owners of the units to keep vacancies at a minimum, as each vacancy represents a loss of income from rent-paying tenants for the time the apartment is unoccupied. When negotiating a lease, this point should be kept in mind. Very often, real estate agents or brokers will exaggerate demand to improve their price and get you more interested. Start the process by following these steps Spotting an ideal location
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* How far is it from your place of employment? Does the neighborhood experience heavy traffic? How close is it to public transportation. How safe is the neighborhood? The performance of schools around the neighborhood.
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Other personal considerations Are pets allowed in the apartment? Is the parking space enough? are there other social amenities provided in the apartments? In depth analysis of the building. How long has the building been in existence. * How well are the grounds maintained? The safety of the building at night. Is it noisy? How secure is the building premises. Does it employ night doormen or security service. Does the building have access controls. * Does each apartment have secure door and window locks? 5. Talk to the neighbors. How comfortable are you living with the neighbors for years to come? How happy are they with the apartments Social amenities * Will you be allowed open access to all amenities? how often are they opened? consider how utility expenses are paid Is it the tenant or the lessor who pays the bills? Air conditioning in each room, do every tenant control their own Looking in detail the lease agreement The notice period to give the lessor before moving out. * Does the lessor have the ability to increase rent? If so, by how much and how often? The amount of cash to be paid as security deposit. other things to consider before signing a lease. The bureau credit rating * Pay stubs and tax returns