Users' questions

Do you have to pay a deposit when renting an apartment?

Do you have to pay a deposit when renting an apartment?

After accepting a tenant with an informal notice or acceptance letter, it’s standard to require tenants to pay the deposit plus first rent payment with a money order — not by typical check. This is safer for the landlord and is essentially cash in your hand.

Are there any programs to help you pay your rent?

Rent is a very basic expense, but not everyone can come up with the monthly payments on time. Luckily there are several programs that can help out with paying the rent, especially for emergency situations, or when there is a pending eviction. Here are several examples of emergency rent assistance programs.

What do you need to know before renting out an apartment?

If you’ve made the smart move of investing in rental property, you’re well on your way to collecting a steady income stream. But before you can begin to cash rent checks — and to find the perfect tenant — there is a sequence of boxes you’ll need to check.

Do you have to pay security deposit if you back out of lease?

Once you do sign the lease, this money should go towards paying your security deposit or first month’s rent. If you decide to back out, the landlord is allowed to keep some or all of your application deposit to reimburse them for any financial losses. Click to see full answer.

What should I do to get my deposit back when renting an apartment?

Make sure you get a matching white to the rest of the apartment so you aren’t stuck painting everything. Trim, especially trim that has been marred by furniture or possibly chewed or clawed at by pets, may need a bit of spackle and a fresh coat of paint as well. Clean your apartment top to bottom, literally.

Why do I need help with my rent?

The largest of these expenses is usually rent. According to federal housing guidelines, renters that put more than 30% of their income toward rent are “cost-burdened.” This means they may have trouble affording other necessities and will likely need help with rent.

Why does the rental market go up so much?

Like most industries, the rental market responds to economic trends creating conditions for owners to ask more or less for rent depending on their region. But why is the rent going up so much? It turns out, that most landlords do not regularly raise their rent to match the cost of owning and maintaining a property.

What to do if you can’t pay your rent?

Talk to your landlord Landlords can sometimes be forgiving if you fall on temporary hard times. If you are a good tenant and have a good relationship with your landlord, they may be willing to work with you. Ask if they will accept a late payment or if you can pay your rent in installments.