RENTING AN APARTMENT (LORI SLOUPS PRESENTATION) Independent Living.

Slides:



Advertisements
Similar presentations
Family Economics and Financial Education Take Charge of your Finances
Advertisements

The ABCs of HOUSING VOCABULARY. Apartment Guide BOOKS TO LOOK IN FOR AN APARTMENT.
Getting an Apartment. Resources Great site put out by the US Postal Service: –Comprehensive and efficient. It.
YOUR FIRST QUESTIONS How much rent can you afford? Do you need a roommate? Where do you want to live? What are your housing needs?
Renting a Residence Section 6-5. Selecting a Rental Unit  A person who rents is called a tenant.  The person who rents the place to you is called a.
The Difference Between Renting and Owning a Home
Get A Head Start Lease Smart. The Lease A lease is a legally binding contract. Whether or not you understand the lease, a court will require you (and.
Independent Living: Renting and Leasing. Importance of Landlord Tenant Law  You’re living on your own now  You must know the rights and responsibilities.
Renting vs. Buying Housing. Rental Terminology Landlord Owner of property –Expects rent to be paid on time and for tenant to keep the property in reasonable.
Renting vs. Owning The Difference Between Renting and Owning a Home.
NEGOTIATING LANDLORDS, LEASES, AND THE HOUSING MARKETPLACE Your Voice in Housing Choice.
Housing and Residential Communities Off Campus Resources.
Visitors Guide to Housing in Ithaca. What is a lease? A Lease is a legal document. It protects the owners investment and tenants rights. Without a lease.
Living Off Campus?.  How much rent can you afford?  Do you need a roommate?  Where do you want to live?  What are your housing needs?
Chapter Mrs. Kapaldo. Key Concepts By the end of this lesson, you will know: – How to rent an apartment – How to buy a home – How to furnish.
Searching for an Apartment. Where to begin…  Approx 140 Apartments in Gainesville  Conventional or Student(All Inclusive)  Living alone or with friends/roommates.
Successful House-hunting. Don’t Panic There are plenty of houses Most people find suitable accommodation Take your time don’t get rushed into something.
Apartment Hunting Checklist Utilities included Parking availability Pets allowed Phone number and address of landlord’s insurance company Change locks.
OBJECTIVE 2.02 ANALYZE FINANCIAL AND LEGAL ASPECTS OF RENTING.
© Family Economics & Financial Education – November 2005 – Housing Unit – Securing a Living Space Funded by a grant from Take Charge America, Inc. to the.
What you need to know before you rent your first place!
3/4/14 “Identity Theft” What are 2 things you can do to prevent identity theft? What are 2 ways to tell that your identity has been stolen? What are 2.
Housing: A Place To Call Home
Renting vs. Owning The Difference Between Renting and Owning a Home.
Renting vs. Owning Family Economics and Financial Education Take Charge of your Finances.
Renting vs. Owning. Costs of renting Monthly rent Security deposit Utilities – electricity, water, garbage, etc. Renter’s insurance.
RENTING VS. OWNING FAMILY ECONOMICS AND FINANCIAL EDUCATION TAKE CHARGE OF YOUR FINANCES.
H OUSING Housing options. H OUSING OPTIONS What should you consider when you evaluate available housing alternatives? Your lifestyle and finances What.
Finding a property off campus Student Advice Centre 27/01/11.
Your First Apartment  On one side of a piece of paper make a list of everything you would want in an apartment…. cost is NOT a factor, but you may not.
Term Project Part 3 Matt Willey. What effect does interest rate have on total payment? A lower the interest rate means less interest paid over all. When.
LIVING ON YOUR OWN. ADVANTAGES/DISADVANTAGES OF STAYING AT HOME AFTER HIGH SCHOOL.
What you need to know before you rent your first place!
Y OU ’ RE O UTTA H ERE ! 4.1 F INDING THE RIGHT LIVING SPACE FOR YOU !
+ Renting an Apartment April 4, Terms Tenant Somebody who rents a house or apartment for a fixed period of time. Landlord A person who owns the.
Your First Apartment  Make a list of everything you would want in an apartment…. cost is NOT a factor.  Look online to find an apartment that closely.
BUDGETS & INSURANCE. LEARNING TARGETS Students will… 1. Define what a budget is. 2. Explain the importance of preparing a monthly budget. 3. Explain the.
Renting Versus Buying. Does renting or buying have less responsibility for maintenance and upkeep?
Renting vs. Owning G1 © Family Economics & Financial Education – Revised March 2009 – Housing Unit – Renting vs. Owning a Home Funded by a grant.
Acquiring Housing. Acquiring a place to live.. Process is the method used to accomplish a task. People have to make many decisions when trying to find.
2.02 Financial and Legal Aspects of Renting. Landlord Owner of the Property Expects the following from tenant: –Rent to be paid on time –Keep the property.
Housing Vocabulary 11/18/14. Landlord O Person who owns the property O Collects Rent.
Finding an Apartment. Objectives Students will be able to determine the most you are able to spend on an apartment Students will be able to choose wisely.
Top 11 Red Flags: Things to consider for before renting.
Housing Legal and Financial Decisions.. Lease Lease – Legal document between the owner of the property and the person wishing to occupy the property.
2.02 Financial and Legal Aspects of Renting. Landlord Owner of the Property Expects the following from tenant: –Rent to be paid on time –Keep the property.
Questions to Ask Before you Move Out and Signing the Lease.
Managing Resources Personal Finance Unit 5 Section 1—Renting An Apartment.
Renting vs. Owning Economics2015.  Housing is the largest personal expenditure (About 1/3 of a person’s income.)  Choosing where to live is based upon.
Renting Vs. Owning What choice will you make?. Show of hands O How many of you plan on owning your own home someday?
Your First Apartment  On one half of a piece of paper make a list of everything you would want in an apartment…. cost is NOT a factor.  Look through.
Renting CMAGNO. Did You Know? 1/3 of all people in the U.S. rent Who are these people? – Majority are: singles, young couples, and senior people – Many.
Housing Deciding between Renting and Owning a House.
2.02 Financial and Legal Aspects of Renting
Your First Apartment WEBSITES NAME OF APARTMENT COMPLEX
Family Economics and Financial Education Take Charge of your Finances
Objective 2.02 ANALYZE financial and legal aspects of renting.
Securing a Living space
Family Economics and Financial Education Take Charge of your Finances
Renting your First Apartment
LIVING On Your Own.
The Difference Between Renting and Owning a Home
Family Economics and Financial Education Take Charge of your Finances
FEFE Take Charge of your Finances
Securing a Living space
Family Economics and Financial Education Take Charge of your Finances
Family Economics and Financial Education Take Charge of your Finances
Family Economics and Financial Education Take Charge of your Finances
2.02 Financial and Legal Aspects of Renting
Securing a Living space
Presentation transcript:

RENTING AN APARTMENT (LORI SLOUPS PRESENTATION) Independent Living

ORDER OF EVENTS Research apartments Find a few you like Call and schedule a tour

Meet apartment manager for tour, make mental notes about what you like/dont like Be early! Come with questions Check security/how secure, etc. If you like it, fill out application + fee, get on waiting list Good idea to go to apt. at night…is it secure?

Wait for a call on an open apartment If open apartment, sign a lease, get keys, move in

KEY POINTS: Need to be 18 to rent You have to have a job to rent an apartment- show you can pay rent ¼ of your income goes to housing Need to save up for moving in (first/last months rent, deposit, etc)

When you apply to an apartment youre interested in renting they will run a credit check- $20-$35 fee If bad credit, denied

Be sure to ask what utilities you have to pay (electric, gas, water, garbage, etc) Studies show people dont usually use pool/weight room, etc

KEY POINTS If you break lease or trash the apartment you can be taken to small claims court Pets are soo risky to have in apartment Extra rent, extra deposit, fees, etc.

Best time to look: Early Spring/late Fall, get on waiting list June and July are the busiest times because people are moving out Usually need 30 notice before you move out Get renters insurance

Landlord has to give you 24 hours notice before they come in

APARTMENT HUNTING TIPS Independent Living

M AKE A SHOPPING LIST. Are you looking for hardwood floors, dishwasher, washer/dryer, fireplace etc.? You may not find everything but it doesn't hurt to set priorities.

B E PREPARED ! Collect some information to present to landlords/leasing agents - they'll probably ask for it, anyway. This should include: - Credit check. - Resume. - Pay stubs/tax returns.

C OVER THE BASES. Many landlords will want to verify your references. Phone ahead to alert possible references, including your former landlord, that they may receive a call.

DURING THE SEARCH: Try to see the units in the daytime. You'll want to know how much natural light an apartment gets. It's helpful to see what shape the place is in and whether more work is needed to make it habitable.

Do a careful walk-through of any unit you're serious about. The best time to ask about repairs and improvements is before you commit. Attach a list of any damage to the lease, and have it initialed by your landlord so you're not held responsible later.

DURING THE SEARCH: Some questions to ask: How's the water pressure? How many electrical outlets and where are they placed? How big is the water heater? Is there enough closet space or will you need extra storage?

Meet the neighbors! Will you live above or below someone; do you share walls? Knock on doors and introduce yourself. Find out if neighbors are friendly, how they feel about noise, what they like about the neighborhood.

DURING THE SEARCH: Take measurements of your larger furnishings (and take along a tape measure) to see how your things will fit...or what things you'll need to buy. Visit as many places as you can, so you'll have a good idea of what your money buys. Use our Apartment Checklist as a guide to inspecting and comparing choices. Then be prepared to ACT QUICKLY when you find something you like!