Some Thoughts On Renting. The biggest expense in your life will be Housing!

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Presentation transcript:

Some Thoughts On Renting

The biggest expense in your life will be Housing!

An application fee is non- refundable($30-$80) that checks out your Criminal history

Credit history

Renter’s history

Rule of thumb/never pay more than 30% of your income for HOUSING!

The Lease A legal contract that allows you to occupy the property for a specified time(usually 6 months to 1 year) as long as you Pay the rent Follow the rules specified in the contract

The most common reasons for eviction(being kicked out of your apartment) Failing to pay rent Too may people in a the apartment

Having pets

Criminal Activity

Just to get keys to an apartment to live in you must come up with $800(average monthly rent in Twin Cities for a 1 bedroom apartment $800(Security Deposit) $800(For last month rent) $50(Application fee) Total=$2450

Under what conditions can a landlord enter your apartment immediately? Necessary to prevent an injury to a tenant(fire) To determine a tenant’s safety Landlord believes an illegal activity is taking place

Final Thoughts Try to avoid renting your 1st apartment with your best friend Take pictures of everything in the apartment before you move in