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Homes – Getting Started & Next Steps

Things to Know Before Renting an Apartment The quest for a new apartment is a delicate situation that requires one to make various considerations. Are you in the market to rent or buy? If you choose to buy, what is the best arrangement for you? Many apartments in Boston, and other large metropolitan areas are co-ops. Residents in those buildings own shares of the corporation that owns the building that is what is meant by co-ops. Apartments for sale are commonly referred to as condominiums. Condos are owned by individuals and residents of the development share ownership of the public spaces. Most major cities renting apartments often design them as individual spaces or divide older houses into houses. Most apartment owners or leasing companies offer apartments on lease terms of either six or twelve months. An apartment means a residential section or unit in a building. A vacancy exists when there isn’t a tenant occupying an individual unit. It is important for owners of the units to keep vacancies at a minimum, as each vacancy represents a loss of income from rent-paying tenants for the time the apartment is unoccupied. When negotiating a lease, this point should be kept in mind. Very often, real estate agents or brokers will exaggerate demand to improve their price and get you more interested. The following steps should be considered when looking for an ideal apartment. Location determination.
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The distance between your place of work and the apartment should be considered. * How heavy is neighborhood traffic? How close is it to public transportation. How safe is the neighborhood? * How strong is the school system?
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2. What suits you best personally? are dogs or cats allowed in the apartment? * Is parking included? * What amenities (swimming pool, fitness room, laundry room) does the building provide? 3. Evaluate the building. How long has the building been in existence. Does it have a ground and is it maintained. The night life for the building. Is it noisy? 4. Check out the security of the property. * Is there a security service, or night doorman? * Is building access controlled? Are the window and door locks seem secure for each apartment? Getting testimonials from neighbors. Do the neighbors seem to be friendly people one which one can be comfortable living with? Do they seem to be happy with the apartments? 6. Amenities * Will you be allowed open access to all amenities? * How often are they open? 7. Ask about Utilities. Is it the tenant or the lessor who pays the bills? * Will you have your own thermostat to control the heat or air conditioning? Lease review * How far in advance must you notify the lessor before moving out? * Does the lessor have the ability to increase rent? when variable, how much should it vary and how many times during the lease period? Do one have to pay a security deposit and how much should it be? Before putting a signature on that lease what should you consider? * Bureau Credit Report How much should be paid in returns and stubs