WHILE YOU MAY NOT BE GAINING EQUITY IN A HOME, YOU ARE PAYING FOR SOMEWHERE TO CALL HOME, WHICH IS NOT THE EQUIVALENT OF THROWING MONEY IN THE TRASH
2. YOU HAVE NO NEGOTIATING POWER
RENT PRICES AND LENGTHS OF LEASES ARE OFTEN NEGOTIABLE. DON’T BE AFRAID TO ASK THE PROPERTY MANAGER OR LEASING AGENT TO SEE WHAT THE OWNER WOULD CONSIDER.
3. IT'S DIFFICULT TO GET OUT OF A LEASE
ALTHOUGH YOU ARE RESPONSIBLE FOR THE LEASE, DEPENDING ON THE LEASE TERMS, LEASE BREAK POLICIES CAN DIFFER. RESEARCH YOUR LEASE OR AS THE LANDLORD/PROPERTY MANAGER FOR MORE INFORMATION
4. THE LANDLORD IS RESPONSIBLE FOR ALL REPAIRS AND REPLACEMENTS
AGAIN, DEPENDING ON THE LEASE TERMS, THIS CAN DIFFER FROM RENTAL TO RENTAL. BE SURE TO UNDERSTAND THE LEASE AND WHAT IS COVERED BEFORE SIGNING
5. A LANDLORD CAN END YOUR LEASE EARLY
THE LANDLORD HAS TO FOLLOW THE LEASE, UNLESS THEY SELL THE PROPERTY TO AN INVESTOR WHO WILL KEEP THE RENTER IN PLACE THROUGH THE LEASE DATES.
KEEP IN MIND, WHEN IN DOUBT, ALWAYS ASK YOUR LANDLORD OR PROPERTY MANAGER BEFORE MAKING AN ASSUMPTION.
