Getting pre-approved for a mortgage is the first step of the apartment renting process. Getting a pre-approval letter from company get the ball rolling in the right direction.
First, you have to determine what you can pay. After this, you’ll Brainstorm all the features and details you’re seeking and finally, with our search engine you’ll find the perfect apartment for you.
Putting down a deposit helps show good faith to your landlord that you will keep your new rent apartment in good condition. This fee also ensures that, should you cause any wear and tear to the apartment during your stay, it can be corrected. The deposit will be held for the duration of your tenancy by the landlord and most likely returned if the property was left in good shape.
Each apartment will have a different system for rent collection which can be found within your tenancy agreement. There may be several payment methods available to you, so check with your property manager to discuss your preferred payment method.
There are two types of tenancy agreements, fixed term and periodic. Fixed term tenancies are for a set period of time, with a defined start and end date. Usually six to 12 months. Fixed tenancies can’t be terminated by either party unless each party agrees. Periodic tenancies can simply be terminated by notice. As a tenant, you must provide your landlord/property manager 21 days written notice of your decision to terminate the lease.
In the event that a suitable tenant cannot be found before you plan to break your lease, you will be responsible for all reasonable costs incurred by the landlord to find a suitable replacement tenant. You will also need to continue to pay rent until a new tenant enters into a tenancy agreement. Both you and your landlord/property manager are able to look for a tenant, but any suitable tenant found must follow the correct legal processes when entering into a new tenancy agreement.
The owner of the property has the right to sell the property regardless of the lease type. However, as a tenant, you have the right to remain in the property for the duration of your fixed term rental agreement or for 42 days from the date of notice of your periodic rental agreement. In the event you do have to relocate, we are more than happy to work with you to find a new rental property that will suit your needs.