Congratulations! You just signed the lease on your first college housing. Renting an apartment or house is an exciting milestone, but it also requires taking on new responsibilities. And you’re not alone! According to a New York Times article, 87% of university students live off-campus as of 2016. As you settle into your new rental, be sure to keep these important things in mind to ensure your experience goes smoothly.
Understand the Lease Agreement Thoroughly
Now that you’ve secured your near campus housing, set aside time to review your entire lease agreement meticulously. Make sure you fully understand all the terms and conditions, such as due dates and late fees for rent payments, guest policies, pet rules and deposits, procedures for maintenance requests, and any other guidelines. If you have roommates, have everyone review the lease terms together to get on the same page. Understanding the lease inside and out will prevent conflicts and confusion down the road.
Document Existing Damages Extensively
When you first move into the rental, do an exhaustive walkthrough inspection and document any existing damages in great detail. Take ample time-stamped photos and videos from all angles, and email them to your landlord right away to have a dated record. This protects you from being held responsible for any pre-existing damage when you eventually move out. Also, alert your landlord immediately about any repairs needed in the unit when you move in. Tackling damages early is key.
Stay on Top of Rent and Utilities
One big change for you as a young adult may be taking over rent and utility payments yourself. Be sure to know exactly when monthly payments are due, including grace periods, to avoid late fees. Set reminders and autopay through your bank account if helpful. If you anticipate struggling to make a payment, speak with your landlord immediately to discuss options. Managing payments responsibly right away builds a strong rental history.
Renting housing allows more freedom and space. Just stay in open communication with roommates and your landlord. Follow lease terms diligently, pay rent on time, and maintain the property well. If you are looking for the perfect housing for your needs, let our residential team help you to find the right unit. Reach out to us at 302-731-1340 now to get started.
