What does this mean when you want to rent an apartment? for the first time ever! Please help me thank you
Rent is $625, deposit is $600. Lease is negotiable, minimum of 6 months.
What exactly does this mean?
So i will have to give $600 or pay $1225 meaning i have to pay for rent and a deposit at the same time?
Sorry i am super new at this i know nothing about apartments and i am 19 trying to get out of the house. The place is a residential area and is attached to a 1 family home and it's on the 2nd floor upstairs.
7 Answers to "What does this mean when you want to rent an apartment? for the first time ever! Please help me thank you"
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Yes, 1225 at signing, which is pretty good for a rental, usually, you need to walk in with first month's rent, plus last month's, plus a security deposit of 1 1/2 month's rent.
So, for a six hundred dollar a month rental like yours, you'd typically need to drop 2100 as opposed to the 1225 you are being asked to drop.Like (1)
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OK .... Just about ALL landlords and Rental agencies REQUIRE a deposit . This guarantees that when you move out ; they will take out for any damages etc that may have been done ; and refund you the rest , if any ...
Of course; your first months rent is paid in advance as all rent is paid in advance .....
As far as your lease goes ; the meaning is that you can have the apartment for 6 months or talk with them about a 12 month lease or even more ... depending on what you want / need ... 12 month leases are the most common .... that kinda guarantees you a place to live for at least a year as long as you follow all the rules etc ...Like (1)
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yes, first and last rent is common, plus sec dep, rent any amount of time from 6 to 12 mo
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yes. the 600 will either count as your LAST month's rent, or will be returned to you after you have moved out. provided you do not damage the apartment. this is standard.
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Yes, that's what it means.
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You give 1225 in the fist month... and 625 each month thereafter.... you have to stay at least 6 months... when you finally do move.... if the aprtment is not trashed, you get your 600 bucks back.
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so i have to pay 1225 up front. that sucks): i have like 700 and i want to move out now. I am 19 and i am dumb
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Will you have trouble making rent each month... If you can show a potential landlord, a pay stub for a few weeks... maybe you can pay a bit more rent for the first two or 3 months... , but trust me.. in cases like this... you will be judged on how you present yourself.
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Best Answer (Chosen by Voting):
Posted by KingofSwords Mar 3rd, 2012 at 8:12PM
You will need to pay the $600 deposit and the $625 for the first month's rent PRIOR to moving in. Some landlord's will work with you if you are new to this. They might be willing to split the deposit into payments over two to three months $200 for 3 months or $300 for 2 months but you will have to ask. Don't be ashamed to. All they can do is say no. Make sure you are clear on who pays for water, gas (for heating and stove) and electric (for lights). Sometimes it is included in the lease and the landlord pays it and sometimes not and you are responsible for those items. If you are responsible for those then you will need to contact those companies to set up service and chances are they will require a deposit as well. They are asking for a lease of a minimum of six months so they know that they have consistent income for those six months. You might ask them to lower your rent to $600 a month if you are willing to sign a 12 month lease. If you don't damage the apartment and pay your utilities on time, then you will get your deposits back when you move out. I wish you the best in starting out.
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