When you’re searching for a place to lease, you’ll typically find three types of apartment lease agreements. What are those three types? And which is best for you? The right lease agreement for you will always depend on your unique circumstances and what you’re looking for in a home. The right arrangement for you may be completely different from the right arrangement for someone moving at the same time to the same place.
To help you make the best choice, here’s a look at the three types of apartment lease agreements and what to expect from each.
When you hear about a month-to-month lease, that’s what a periodic lease agreement is. This is a perfect lease agreement if you’re dealing with an uncertain situation. Perhaps you’ve taken a temporary job or you travel a great deal for work or you think you’re going to buy a home in the not-too-distant future. In each of these cases, the flexibility of a month-to-month lease might be just what you need.
If a periodic lease is so great, why not always opt for one? Well, first of all they tend to be more expensive. You’ll typically pay less in monthly rent the longer your lease agreement is. And a lease provides protection for both the tenant and the owner. When you have a periodic lease, the owner can tell you it’s time to move out at any time.
A fixed lease is the most common type of lease. These typically run between six months and a year, and there will be penalties if you need to break the lease for some reason. Penalties for breaking a lease typically amount to anywhere between one month’s rent and the total of payments due over the balance of the lease. In other words, it can get pretty expensive to break this type of lease.
A sublease is related to a fixed lease in one way: If the tenant in a fixed lease needs to break the lease but can’t afford the penalty, they will look for someone to sublease. A sublease essentially means someone else takes over a lease on your behalf. Not all landlords will approve a sublease, and it’s important that you do get approval before moving forward with one.
When it’s allowed, a sublease is a helpful tool to assist you with getting out of a fixed lease before the term is up.
No matter the type of lease you want or need, you will often require moving and storage assistance when choosing a new apartment. At Mid Atlantic Van Lines, we provide long-distance moving storage and other services that are designed to make your life simpler when moving from place to place.
Use the tips above to ensure you’re getting the right type of lease for your unique needs, and remember to use Mid Atlantic Van Lines to ensure you have the long-distance moving services that you need. Contact us today for help with your move.
Few things in life matter as much as where you live. Where you live determines the lifestyle you can lead, the things you can do and even how much time you spend in your car traveling to work and other important places.
Moving to an unfamiliar place makes it much more difficult to find the perfect place to live. Are you moving to a new city or state? If so, you may be wondering how to find the perfect apartment. To help you get started, here are a few tips.
It’s essential that you be realistic about what you can spend on monthly rent. Even if you can get approved for a lease, it’s not always a good idea to push as close to your maximum rent amount. After all, you want plenty of money left over to enjoy the place where you’re living, right?
Most lenders and leasers want to see a debt-to-income ratio of no more than 50% before approving a loan or application. That means your total monthly obligations (car payments, credit card payments, student loans plus whatever your rent would be) take up less than 50% of your monthly gross income — that’s your income before taxes and other deductions.
Now that you know what you can afford, think about the areas you want to be close to. Are you interested in a short commute? If so, look for apartments near your place of work. Do you want to be close to a child’s daycare or school? Look for apartments in those areas. Do you need to be near a certain kind of recreation, like a lake or a running trail? Look for apartments nearby.
Before you sign a lease, make sure you’re investigating how safe the apartment is. Make sure it has substantial locks and perhaps even a private entrance. You’ll also want to get a look at crime reports from the area. You can find websites that display crimes across a map, so you can quickly examine your apartment and the immediate area. There’s going to be crime no matter where you go, of course, but you want to ensure it’s not excessive.
It’s always a good idea to talk to current residents. They can share about the experience of living in a certain apartment complex or neighborhood and can tell you about the responsiveness of management when making maintenance and repair requests. This is where you can get an unvarnished look at what life is like living in a certain place.
Make sure you do a walkthrough of the apartment before signing the lease so you can ask final questions and come to a consensus with management about anything that might be a question mark. This is your chance to get the final information before moving forward with a lease.
Moving to a new and unfamiliar place is always tough. Make sure it goes as smoothly as possible when you choose Mid Atlantic Van Lines as your long-distance moving company. We are your best option when searching for a residential moving company that takes cares of your belongings.
Have you ever packed up and moved your own house? Most people find the hassle of packing up their household goods and possessions, loading them into a rental truck, driving it across the state or country, and unpacking it at the destination simply too much of a hassle.
Stuff. We all have it. Stuff fills our closets, cupboards, dressers and drawers. It accumulates under our beds and behind our couches. Most of us get used to having many possessions we don’t use very often and don’t even notice them on a day-to-day basis. When it comes time to pack up and move, however, we’re confronted with just how much stuff we have.
Proper lighting is essential for any home. It is important to maintain balance between personality and the functionality of the room when it comes to lighting the living room. One can transform the entire atmosphere of their living room within the proper use of lighting. One should remember that lighting not only has aesthetic and mood enhancing values, but play an important functional role in illuminating important task areas in the living room.