Landlord. The person or company who is renting the apartment to the tenant.
Lease. The contract between a landlord and a tenant.
Real Estate Broker. A person who leases apartments for landlords and receives an agreed commission for doing so.
Renewal Option. A tenant’s right to extend the term of a lease. …click here to read more
OLDER ARTICLES
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The lease you sign for an apartment is a very important document. The lease establishes all of your rights as a tenant in the apartment and all of the rights of the landlord as well. Some apartment leases are relatively short forms that landlords purchase in various stores. Others are longer documents that have generally been prepared by lawyers. It does not matter whether your lease is a long or short document, provided it covers everything that is necessary for you.
Newspaper ads may be useful to determine which real estate brokers are active in particular areas. In general, real estate brokers who deal with apartment rentals are located in the areas where the apartments are located. If possible, choose a real estate broker who handles a number of buildings in a particular area for a number of landlords. While the bottom line for any real estate broker is his or her commission, brokers who represent a number of landlords will give you more unbiased information about the choices and comparisons.
Check the heat and hot water to be sure they are sufficient and reasonably quiet. Check to see that there is enough electricity for all your needs. If the apartment is in a building with a number of apartments, knock on one or two doors and ask the tenants how they find living in the building. Visit the building at different times of the day and night to see how you feel about it. If you have questions, ask the broker or landlord for answers. If you do not get answers or do not believe what you are told, look elsewhere. …click here to read more
