Rental Agreements and Tenant Rights

Chelsea and Lauren from The Financial Diet discuss renting tips, highlighting common pitfalls and how to avoid them. They cover topics like landlord fees, documenting damages, dealing with management, maintaining a paper trail, and handling roommate issues. The video emphasizes knowing your rights and being prepared to protect yourself in rental situations.

What is a common mistake new renters make when moving into a new place?

• Not meeting the neighbors

• Not reading the lease

• Not taking photos of the unit

• Not checking the neighborhood

What should you ensure about the fees you are paying to your landlord?

• They are legal

• They are refundable

• They are optional

• They are negotiable

What should you do if you are paying a broker's fee?

• Pay it without question

• Ask if it can be negotiated

• Assume it's non-negotiable

• Ignore it

Why is it important to take timestamped photos when moving into a new apartment?

• To post on social media

• To document the condition for future disputes

• To remember the layout

• To show your friends

What is a sign of a dishonest landlord regarding damages?

• They provide a detailed repair list

• They give you a discount

• They claim you caused pre-existing damages

• They offer to fix everything

What can you do if essential repairs are not made by your landlord?

• Withhold rent payment

• Move out immediately

• Stop paying utilities

• Change the locks

Why is it crucial to have a paper trail of communications with your landlord?

• To show your friends

• To have evidence in case of disputes

• To prove you paid rent

• To keep track of your expenses

What should you do if you need to break your lease due to unresolved issues?

• Have written proof of your requests

• Call your landlord

• Stop paying rent

• Move out without notice

What is a potential risk of not having your name on the lease when living with roommates?

• You can't have guests over

• You won't receive mail

• You could be evicted without notice

• You might have to pay more rent

What is a common tactic used by shady roommates?

• Cleaning the apartment

• Charging you more than your fair share

• Paying all the bills

• Inviting you to parties