This can cost you a lot of money. It is imperative that you fill out the property condition form within the allotted time by your property manager. When you move out, the property manager will walk the property. Any damage to the property will be the tenant’s responsibility. If you do not fill out, sign and date the property condition form of any damage, even before you move in, the damage could be charged back to you.
The inventory condition form is the proof that you did not cause the pre-existing damage.
A landlord’s insurance policy does not cover the tenant’s personal property. So, if there is a flood or an electric socket burns out your TV, or a water pipe bursts and your valuables get damaged, that is not the responsibility of the landlord. You are responsible for your valuables.
A renter’s insurance policy is very inexpensive. They are typically $10 – $20 per month.
There are many scenarios where renters insurance would help, such as the water bursting or the electrical socket as mentioned above. Other scenarios include, theft, fire or if someone gets injured on the property.
To obtain renters insurance please contact Jivar Foty at Benchmark Insurance.
The lease states that the landlord or anyone authorized by the landlord may enter the property at reasonable times to review or show the property.
During the duration of the lease agreement there are a few times when the management company will need access to the property.
If access to the property is denied or the property is not accessible because the tenant’s failure to make the property accessible, this is a violation of the lease agreement. The owner can charge a trip charge and the resident will be in default of their lease. When future landlords call for a tenant verification we will have to tell them that you were uncooperative when allowing access to the property.
Do not assume your landlord is fine with you having a pet on the premises without first obtaining permission. This mistake is costly to you and your pet will be without a home if your landlord does not want pets in the home.
If you decide you want a pet after you move into the home, check with the landlord before you get the pet. If you get caught with the pet, there is a steep fee outlined in the lease agreement.
Tenants are surprised that inaction can be considered a lease agreement violation. Your lease agreement states that you are responsible for changing the AC filters every month.
Most people find it hard to believe that not changing the AC filters can cost them several hundred dollars or more. If the AC system breaks down and it is contributed to a dirty filter that was not changed timely, you could end up with the cost of the whole repair. Please be sure to keep your AC filters changed on a regular basis. A good trick is each time you pay your electric bill, change your AC filters.