Wednesday, July 13, 2011

Signing a Lease

Once you have secured your apartment you will need to sign a lease.  The terms of the lease will be different for each building so it is important to read them carefully before signing.  Depending on where you are renting, the length of the lease will normally be for 1 or 2 years.  It is possible to find shorter leases but you have may have to pay more for these apartments.

It is also worthwhile checking what will happen if you have to break the lease early.  Some places may let you sub-let the apartment, if not you may be responsible for paying the rent until they find a new tenant. 

You will need to provide two bankers cheques as a deposit and each cheque must be the value of one month's rent.  One cheque will be your first month's rent and the second will be returned to you at the end of the lease as long as there is no damage to the property.

If you unsure of anything on the lease ask the management company or your broker to go through it with you before you sign.

The building should redecorate the property before you move in, but if you notice anything that needs fixing or replacing let the management company know so it can be rectified before you move in.

You now have your very own New York apartment!

No comments:

Post a Comment