What do I need to know before renting?

10 things you need to consider before renting a property

• Can you afford the property?
• What are the charges?
• What’s the condition?
• Is the timing right?
• Who lived here before, and why are they leaving?
• How long is the tenancy agreement?
• Does it have everything I need?
• Can I make changes to the property?

When renting a house what do you pay upfront?

First month’s rent and security deposits are two initial payments that tenants make before moving in. Oftentimes, landlords ask us when to collect these payments.

What things do you have to pay for when renting?

Here’s what you need to know if you’re renting for the first time.

• Rent.
• Council Tax.
• Gas and electricity.
• Water.
• Telephone and Internet.
• TV bills.
• Household contents insurance.
• Car insurance.

What expenses do you have when renting?

These generally include, but aren’t necessarily limited to:

• Rent.
• Fuel bills (gas, electricity and water)
• TV and Media Services.
• Telephone costs, line rental charges and internet.
• Council tax (unless you’re exempt)
• Contents Insurance.

Are bills normally included in rent?

It’s entirely up to the landlord whether or not they include bills in the monthly rental figure, and you’ll often see a “bills included” section on the property listing. However, the majority of private landlords don’t tend to include monthly utilities in the rent, so it isn’t something you should expect.

How much should you spend on rent?

When determining how much you should spend on rent, consider your monthly income and expenses. You should spend 30\% of your monthly income on rent at maximum, and should consider all the factors involved in your budget, including additional rental costs like renter’s insurance or your initial security deposit.

What is the first thing to do when moving into an apartment?

What to Do Before Moving Into an Apartment

1. Reach Out to Your Current Landlord.
2. Contact Your New Landlord.
3. Make Sure You Have Renters Insurance.
4. Set Up Your Utilities.
5. Change Your Address.
6. Research Your New Neighborhood.
7. Shop For New Furniture.
8. Consider Storage.

What is it like to rent your first apartment?

Renting your very first apartment is a natural stepping stone of moving out of mom and dad’s house. The freedom of moving out on your own is very exciting, but it does come with a lot more responsibilities as well. Being a first-time renter is a really big deal.

What are the costs of being a first-time renter?

First-time renters will likely have to set up new accounts with utility providers – and it can cost you some money upfront. One-time fees and equipment rentals are common when setting up your utilities, such as electricity to your apartment and cable/Internet. Parking can sometimes be a hassle when you live in an urban area.

How does the apartment application process work for first time renters?

Renting an apartment for the very first time can be confusing. First-time renters generally don’t know all the jargon and rental lingo used in an application as well as how to apply for an apartment. This “process” is actually pretty simple, generally involving filling out an application, a credit check, and paying a small application fee.

What do you have to pay for when renting an apartment?

Here’s a checklist of the things you will most commonly have to pay for when renting an apartment: Rent. Your deposit (often the cost of one month’s worth of rent) Utilities, often referred to as bills such as water, sewer, gas, trash, and electricity. Parking spots (usually only in large cities)