Tip #1: Ask who is responsible for major repairs. What happens if the A/C breaks, if the refrigerator stops running, or if a hurricane blows out a couple of windows? Make sure there is a provision in the lease stating which repairs you will be responsible for and which the landlord will be responsible for. (Usually this will be based on a dollar amount. Ex: "Landlord is responsible for all repairs costing over $25.00")
Tip #2: Ask what happens if you have to break the lease. Even if you fully intend to stay in your new apartment for the full length of the lease, you never know what might happen. Family emergencies, job transfers, etc. could change your plans. As they say, "life happens". Make sure you know exactly which deposits will or will not be returned to you if you break the lease.
Tip #3: Ask if the home will be shown to prospective buyers during your tenancy. This tip applies if you are renting from a private owner or if you are renting in an apartment complex that is turning into "condo conversions". If the home you are renting is also for sale, the owner may want you to have the home available for prospective buyers to see at a moment's notice. Make sure you make arrangements with the owner so that you aren't surprised or inconvenienced by those knocks on the door!
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