When you’re searching for a home or apartment to rent, there is a lot you need to think about: What neighborhood is best, what’s your monthly budget, and what amenities are most important to you. Once you’ve found the perfect place and signed a lease, the details left to be managed don’t end there.
Keep these three essential tips in mind:
1. Know your rights. It may seem like your landlord is in full control when you are renting a property, but tenants have rights too. Many states have a tenant’s book of rights that will tell you what rights you have as a renter — for example if your landlord fails to fix issues within your property — and what resources are available should your situation become unlivable. If you’re a first-time renter, these handbooks can be an essential resource.
2. Purchase renter’s insurance. Renter’s insurance is an essential step in the rental process — and some rental companies may require you to make this purchase when signing a lease. This insurance will protect the property housed within your home or apartment — including electronics, jewelry, furniture, and clothing — should it be stolen or damaged. It may also provide coverage should there be an accident in your residence. Renter’s insurance is typically very affordable.
3. Don’t be afraid to negotiate. If you are a good renter — quiet, clean, always pay rent on time — your landlord may be willing to negotiate a better deal to keep you in your unit. If there is a rent increase around the corner or you simply want to try to get a better deal, try talking to your landlord. Striking a deal may require that you sign a longer lease or prepay some months in advance, but in the end, it could be worth it to save some money.
Are you a renter in Lexington, MI?
If you are renting a home or apartment and need help protecting your belongings, contact North Coast Insurance Services for information and a plan that works best for you and your family.