Renting

If you’ve never rented a property from a Real Estate Brokerage before, here is a quick rundown on the process.

  • Search RichSellsHomes.com for rental properties in the price range and area you want to live.
  • Have your agent call and make arrangements to preview the properties. If you don’t have an agent, give Rich a call at 443-995-9595 and I can help.
  • Submit an application, which will include your employment and housing history, as well as some minor financial information. With the rental application a certified check for the first month’s rent as well as a check for a credit check will be submitted.
  • If your application is accepted by the owner of the property, you will be asked to come in and sign a lease before moving in. At lease signing, you will be required to bring a check for the security deposit.
  • That’s it. If all goes well, it should only take a day or two for the application to be process and a decision made.

Although rentals are not a large part of a REALTOR’S® activities I will search for local rental properties for clients who are not yet ready to purchase their own home.

Some Things To Keep In Mind Before Renting

  • Most rental properties will require a credit check to be performed on each adult living in the property. These credit checks are generally in the range of $35 – $50 per adult.  If you are turned down for the application the charges for performing the credit checks will not be returned.
  • When the application is submitted the credit checking funds as well as the first month’s rent is generally required.  Some rental companies and/or landlords require that these be certified funds.  If your application is rejected the check for the first month’s rent will be returned.  If your application is accepted you will usually be required to provide a security deposit which is typically one month’s rent (but can be higher) when the lease is written.
  • Each rental property will stipulate whether pets are allowed or not.  If they are allowed it is usually on a case by case basis.  It’s been my experience that this usually means smaller pets up to around twenty pounds.  I know your pet is special to you just as mine is to me but when the listing says no pets it really means no pets.
  • Since the cost of rentals is so high in this area you might want to consider mutually going through the numbers to see whether you can qualify to purchase a starter home.

Renters Rights (example – read your specific lease)

1. The Fair Housing Act makes it illegal to deny housing to a tenant on the grounds of race, color, sex, religion, disability, family status, or national origin.
2. Residential rental units should be habitable and in compliance with housing and health codes—meaning they should be structurally safe, sanitary, weatherproofed, and include adequate water, electricity, and heat.
3. Many states limit the amount landlords can charge for security deposits. (See http://www.nolo.com/encyclopedia/articles/lt/lt1.html to find out if yours is one of them.)
4. A landlord should make necessary repairs and perform maintenance tasks in a timely fashion, or include a provision in the lease stating that tenants can order repairs and deduct the cost from rent.
5. A landlord must give prior notice (typically 24 hours) before entering your premises and can normally only do so to make repairs or in case of an emergency.
6. Illegal provisions in a rental agreement (provisions counter to state law) are usually not enforceable in court.
7. If a landlord has violated important terms related to health, safety, or necessary repairs, you might have a legal right to break your lease.
8. If you have to break a long-term lease, in most states landlords are required to search for a new tenant as soon as possible rather than charging the tenant for the full duration of the lease.
9. Damage or security deposits are not deductible for “normal wear and tear.” Some states require that a landlord give an itemized report of any deductions.
10. Most states require landlords to return refundable portions of a security deposit within 14 to 30 days after the tenant has vacated the premises, even in the case of eviction.
11. Landlords usually can’t legally seize a tenant’s property for nonpayment of rent or any other reason, except in the case of abandonment as defined by law.
12. Landlords are legally prohibited from evicting tenants as retaliation for action a tenant takes related to a perceived landlord violation.
13. A landlord cannot legally change the locks, shut off (or cause to have shut off) your utilities, or evict you without notice; eviction requires a court order.
14. If a landlord makes life so miserable for you that it forces you to move, it may be considered “constructive eviction,” which is usually grounds for legal action.
15. In many states, it’s illegal for a lease to stipulate that the tenant is responsible for the landlord’s attorney fees in case of a court dispute.

 

The multiple listing data appearing on this website, or contained in reports produced therefrom, comes in part from Metropolitan Regional Information Systems ("MRIS"). The information provided is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All real estate listings include detailed information about them that includes the name of the listing brokers and therefore may reference real estate listing(s) held by a brokerage other than the broker and/or agent who owns this web site.

All listing data, including, but not limited to, square footage and lot size is believed to be accurate, but the listing agent, listing broker and respective Multiple Listing Services and their affiliates do not warrant or guarantee such accuracy. Therefore, all data should be personally verified through personal inspection by and/or with the appropriate professionals. Listing data last updated 2/22/12 8:25 AM PST.

The listing information on this web site is from various brokers who participate in IDX.

Copyright 2012 MRIS. All rights reserved.

This IDX solution is (c) Diverse Solutions 2012.