Whether college students are renting using their income or are reliant on a parent or guardian, many unexpected aspects come with renting an apartment. It is essential to look at all of the requirements and fees in addition to the rent price to ensure that the apartment is within your price range. Additionally, if you are looking for a roommate, there are many questions you should ask to ensure they are a perfect fit. Today’s blog is a deep dive into what students should know before signing a lease.
Financial challenges
In Alabama, you have to be 19 years old to sign a legally binding document, making it nearly impossible for incoming freshmen to take on a lease independently. As incoming college students, you may not have had the opportunity to build your credit scores, which landlords look at when leasing their properties. However, there are options for students who do not have a co-signer or do not have credit history.
If there is a need to terminate the lease, expecting fees is normal. However, there are circumstances that call for fair termination. Make sure you read the lease agreement before talking to a property manager or landlord, come prepared to explain your circumstances, and research your options.
Moving
When moving out of or moving into an apartment, make sure you account for any moving fees or expenses. If you do not have a large vehicle to move your belongings, look into renting a UHaul or asking a friend. If your budget allows, look into moving services, especially if you have larger pieces of furniture that require extra assistance.
When moving out, let your landlord or property manager know of any damages. Avoid adding up the charges when you move out by letting your landlord know when the damages happen.
Unexpected fees
Rent does not include the additional fees that come with living at a certain property. Commonly added fees are parking, utilities, garbage, pest control, pet, cable, and more. Make sure you read the fine print before signing to ensure that all of the potential fees fit within your price range in addition to the cost of rent.
For pet fees, if you are caught having a pet without them signed onto the lease, expect an email letter from management asking for the removal of the animal or adding them onto the lease.
Picking the perfect roommate
It is normal to ask financial questions while looking for a roommate if you are looking for someone within the same price range on your apartment hunt. Some properties, specifically housing for college students, offer roommate matching forms. Taking advantage of these will minimize the time that would go into independently meeting with different people.
When meeting with potential roommates, you want to make sure that you all have a fairly similar lifestyle. Here are some questions you would want to ask:
- What are your hobbies?
- What are you studying?
- Do you smoke and/or drink?
- Do you have a pet or plan on getting one in the near future?
- What is your daily routine?
- Do you have any allergies?
Moving does not have to be so stressful! All you need to do is ensure you qualify to lease, take the time to find a roommate if needed, and take into account everything that comes with renting an apartment.
