Things to Consider when Viewing a Rental Property
(Before signing the lease)
Check out the Rental Property Checklist for more guidance in choosing what rental property is best for you.
You should be knowledgeable about your rights and responsibilities as a tenant
TYPICAL RENTING REQUIREMENTS
Once you have viewed a unit multiple times and are seriously considering renting the place, you will need to provide the landlord with certain information.
- You will be asked to fill out an application. There is sometimes a fee associated with this. The landlord may check your credit report as well.
- Most campus area landlords require a student under the age of 23 to have a co-signor (typically a parent or guardian).
- Once your application has been approved, you will then be asked to sign a lease. Make sure to read the lease thoroughly before signing. REMEMBER: Leases are negotiable documents, as long as you and the landlord agree to the terms and both sign off on the lease.
- After signing the lease, your co-signor may also be asked to sign the lease (basically this is assurance to the landlord that if the student tenants are not able to pay the rent, that they as a co-signor will be held responsible for covering the costs).
- Once all documents have been signed, make sure to keep a copy of EVERYTHING!
- Typically, after signing the lease, the landlord will ask that you pay a security deposit (usually equivalent to one month's rent). The security deposit is refundable, as long as the property is returned in the same condition as it was received. Some landlords may ask for, not only the security deposit, but also the first month's rent up front.