Friday, January 25, 2008

Individual Vs. Corporate Renting

You basically have two choices, when it comes to renting an apartment. You can rent from an individual who draws up something that looks kind of legal but you really don’t know for sure or you can rent from a corporate-run building that has a lease that resembles a small dictionary. Most people prefer to go with the second option, since they mechanically consider that their rights will be protected and that there is less chance of someone trying to pull a fast one if you sign a more official looking lease. While others prefer the working relationship between two people and feel that any problems can be reasonably worked out. Both choices have their potential drawbacks. Often times, people don’t bother reading the very big corporate lease they sign and sometimes there can be surprises in store. Rules vary from state to state on how late rent can be paid before fees are charged and one building may include the power bill in rent and others don’t. Make sure you have a full understanding of what your lease says before you sign it. When you rent from an individual, the main problems come from situations that aren’t spelled out in the lease. The landlord thinks it’s your problem and you think it’s the landlord’s. Just know that no matter what type of lease you sign, no renter/landlord relationship is conflict proof. This literature was found at the time of my apartment search Dallas rental apartment, which my friend has selected for my family and me to live in.

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