Find answers on how to rent apartments

A lot of the low-income apartments maintain the same rent for the lease term period. Once the lease is up the tenant will have to requalify and sign a new lease. At the time of renewal the rent fees might go up depending on some income-based housing units. But these details must be mentioned in the agreement.

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Leases can vary from as little as six months to ones that can go on for about two years. A one year lease though is the most common. Speak to the apartment manager or leasing office period you want to lease the apartment for.

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As rule of thumb not more than 30% of your income should be spent on rent. This leaves enough for bills, food, other miscellaneous expenses and a bit as saving or for emergencies.

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Some low-income apartments will require you to pay application fees. This fee will be essential for credit, background and all other necessary checks to get approval.

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Legally speaking, no. Once you’ve signed a lease, it becomes a binding contract. All though you can talk to the apartment manager and see if you can back out of it. You might have to pay a penalty for breaking the lease without cause. Your only other option is to move into the apartment, stay for the agreed upon time and move out when the lease is up.

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There are certain situations only under which you can break your lease and this too depends on which state you live in. There is a procedure you need to follow before you can break a lease legally, so make sure you contact a tenant/landlord hotline or at least a lawyer to find out what steps you can take.

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Every state has its own laws on disclosure, but few things that remain common are the disclosure about the presence of asbestos or any lead based paint as well as any known housing code violations. But, it’ll be in your best interest to ask them upfront about any doubts you may have.

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Craigslist is a good place to start. The site has a dedicated section for shared housing. Known associates like college mates and friends are a good option to go with. Word of mouth and sites like roomiematch.com, easyroommate.com and roommates.com can also help you in finding yourself a roommate and connecting with people looking to share an apartment.

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Pet deposits vary from state to state. Some places might be open to negotiation where as others might not. Make sure you know these details before signing anything.

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