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Pam Devendorf ILLINOIS REALTOR

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By Pam Devendorf | Broker in Highland Park, IL

MUNDELEIN/IVANHOE, IL RENTAL MARKET 1ST QUARTER 2013, 37 UNITS RENTED!

If you are considering renting a home in the near future, you should have the required paperwork completed along with a Credit Report with your current FICO score (not more than 6 months old), 2 recent paystubs and a letter from your employer before you start looking. A typical rental will want first month’s rent and one month’s security deposit. The lessee does not pay any fees to the Realtor, rather it is the home owner/Lessor which hires and pays the Brokerage firm to market their property.
Some rentals are pet friendly and will require an additional pet deposit. This amount is negotiated with the Rental Agreement and may or may not be refunded.
I recommend to my clients, treat the rental as if it was your own home and return the home to the Lessor in the condition you rented the home. The home owner/Lessor will appreciate this and will be agreeable to returning your security deposit in full. If there is damage, depending on the amount, the Lessor will keep some or all of the security deposit to pay for repairs outside of minor day to day usage.
Please call me if you are thinking about renting a home, town home or condominium. I average 12-15 rentals per year . PAM DEVENDORF, BROKER (847) 681-4143

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