Renting W!SE Practice

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In order to rent a place, a landlord may request: that you own a car, references and/or a credit check, medical history, All of the above

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references and/or a credit check

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The Security Deposit: Will it be returned to the tenant?

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It will be returned to the tenant after any damages are deducted.

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Financial experts recommended, when you rent, the amount of rent you pay should not be more

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than 30% of your take home pay.

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When selecting a place to rent it is important to choose a place that fits your needs and is affordable.

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fits your needs and is affordable

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It is important to make sure you carefully read a rental agreement before signing it

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True

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A document a potential tenant fills out so a landlord can decide if they're qualified to rent the apartment.

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Application

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The formal process where your landlord terminates your lease and asks you to vacate your apartment in a period of time decided by local laws and statutes.

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Eviction

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A public record of how you've managed your credit and debt in your past, including credit cards, loans and other leases.

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Credit History

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Areas of the apartment complex — such as the gym, laundry rooms, clubhouse and outdoor spaces

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Common Areas

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A residential tenancy agreement, a contract between you (and your co-tenants) and the landlord or owner.

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Lease