When you move into a new rental, you start by tabulating
the costs of rental application fees, first and last months’ rent, pet
deposits, security deposits and lease cancellation fees. Tabulate monthly
expenses to ensure your home is one you can afford.
Every rental community and home is different, though. All
assess different fees for services and amenities. Before signing a lease,
research all costs and fees that could be charged monthly or annually.
If you have a pet, there’s likely to be a pet deposit and
some communities charge a monthly fee in addition. Parking spaces may be at a
premium and your home may only include one parking space. If you need more
parking, ask what the monthly or annual costs are. Storage space outside your
home may come with a monthly or annual fee. If you need additional space and
want easy access, inquire about costs for storage units.
On the flip side, there may be savings associated with
some fees. Your home may have an assessment for maintenance that covers
landscaping or pest control. Some communities include basic utilities like
water, electric and gas in rent, while others have residents pay individual
bills. Ask if your community includes basic cable or satellite, or if there are
discounts with preferred providers.
Communities with event spaces, barbecues, chef kitchens
and movie-screening rooms may allow residents to rent these spaces for special
events. Ask for a list of rental and cleaning costs.
When you research an upcoming move, ask the manager or
leasing agent for a complete list of fees and fines the community has. Ask for
a list of the services your rent covers, i.e.: utilities, maintenance, pest
control, etc. ... so you can do a more accurate budget for your home.