Townhome Rental Tips To Help You Find The Right Lease Terms

5 January 2022
 Categories: Real Estate, Blog


During the search for a townhome rental, there are several areas you need to check out, such as the property's size, number of bedrooms and bathrooms, amount of storage, and if there is a garage or a fenced-in outdoor space. Additionally, there are the legal details of the rental, such as the amount of rent and other specific rental terms with the townhome. Here are some recommendations to help you know what to look for in the lease terms to find the best townhome rental for your new rental home.

Inspect the Lease

Before you sign a new lease with your landlord, you will want to make sure you fully understand the terms of the lease. It does not mean that you have to hire an attorney to review it prior to signing it, but it is important that you read through all the terms and make sure you know what they mean. Your property manager or landlord should go over the terms with you and answer any questions you still might have, but sometimes they leave this task up to you. If your landlord presents you with an emailed copy of the lease due to covid precautions, make sure to read it through. 

Understand the Rental Terms

As you read through the lease, make sure you know the amount of the rent and what other fees are included, such as pet fees, maintenance fees, or additional utility fees. Get a total amount of your rent so you are sure to pay it in full each month. Most landlords will consider your rent late if you don't pay it all by the rent due date, even if you pay all of it except for $10, for example. Find out as well if there is a grace period for your rent due date and how many days extra you have to pay it after the first of the month before it is considered late.

Look at how much of your deposit is refundable and the length of your lease. Most leases go for twelve months, but often you can request a shorter or longer lease term. A contract lease ensures that your rent will not go up during that period, but once your lease ends and you wish to renew, the rent may be higher if you renew another lease. However, communicate with your landlord about an exception to a rent increase if you sign a new lease with them. If you are a good tenant, they may want to keep you on and will be willing to lock you in at the same rent rate again.

For more information on two-bedroom townhomes, contact a company near you.