4 mistakes people make when renting an apartment

4 mistakes people make when renting an apartment

Renting an apartment is certainly not as big as buying a home, but it still is a big step for any person trying to find a temporary home for themselves (and possibly their family). Even though you have to be able to act fast in today’s tight renting market, you should also consider each renting option carefully as making a renting mistake can lead to a lot of problems and complications.

Here are 4 of the most common mistakes people make when renting an apartment (and how to avoid them):

1. Signing the dotted lines right away
Not reading your lease agreement from beginning to end is one of the worst mistakes you can make when renting an apartment. This document includes all the details that can save you different issues with your landlords that could have easily been avoided. As any legal agreement, the lease should be carefully read from top to bottom by you before you put your signature on it. Remember that this is your responsibility and you should not skip it unless you want to end up struggling to get out of a bad lease.

2. Not getting your rights… right
As a tenant, except for obligations, you also have rights. Depending on what the lease agreement includes, you can see what you are restricted from doing (like smoking or partying hard after midnight), but there are also rights that you have as a tenant! The wisest thing to do to get to know your rights (if you already don’t) is to visit the local authority dealing with rentals and ask about your rights. Once you know what you are allowed to do by law, you will find it way easier to fight for your rights with your landlord.

3. Forgetting to do your homework
You may think you’ve found the apartment of your dreams and may want to sign the lease right away and start unpacking, but you shouldn’t act so fast! The wisest thing to do before any lease signing is to check out your future landlord, the building, the neighborhood, etc. A simple online search of the property address and/or your landlord’s name may reveal some invaluable information like reviews from previous tenants and, possibly, red flags to help you in your quest for the perfect apartment to rent.

4. Skipping renters insurance
Even though it’s not obligatory, renters insurance is highly recommended as its cost is relatively low and it can save you a lot of headaches and financial problems as a tenant. Your landlord may already have some kind of insurance, but this doesn’t mean it will cover any possible misfortune that may happen to you or the property while you live there. After all, if your personal property gets stolen or damaged, you are the one responsible for it!