If you’re about to sign a lease, here’s what you’ll want to know before you go through with the process of signing it.
Signing a lease is a big deal. It can be an exciting thing to do, since the idea of finding your dream apartment is amazing. With that said, it can also be stressful because you want to be absolutely sure that you’ve found the right apartment before signing. If you’re about to sign a lease, here’s what you’ll want to know before you go through with the process of signing it.
Make Sure You Can Comfortably Pay the Rent
Rent is likely one of the first things that comes to mind when renting an apartment, and for good reason. If you can’t afford to live in the apartment you choose, you won’t want to commit to living in it. The real question becomes: how much money should you be making before you can comfortably afford an apartment?
Generally, you’ll want your monthly income to be triple the cost of your rent. This way, the risk of being unable to pay a bill will be minimal, plus you may have money put aside for emergencies.
Think About Where Your Apartment is Located Relative to Necessities
You’ll want certain places to be accessible very quickly. Some of these places include supermarkets, post offices, and hospitals, as well as your own workplace. That’s why, before you sign a lease, you should check to see where these necessities are located. You won’t want to sign a lease if you can’t quickly get to where you need to be.
See If You Need to Have a Cosigner for the Lease
This is more common for people who are first-time renters. The reason is because people without extensive renting history probably don’t have enough rental and credit history. This is when you may need to have a cosigner on your lease.
With a cosigner on your lease, there will be someone else who could help pay rent in the event that you’re unable to do so yourself. This doesn’t mean you should look into apartments you can’t afford on your own, but it’s helpful in emergency situations.
Come On Down to James Run Apartments!
At James Run Apartments, you can enjoy a luxurious living style at our 4-story elevator luxury apartments. We are located in Bel Air, Maryland, and we offer a plethora of amenities to make your stay more enjoyable. These amenities include lounge areas, a saltwater pool, a fitness center, car wash stations, and a community garden. If you’re interested in what we have to offer, call us today at 443-643-9200.