What are some tips for renters before signing a lease?

Asked by Trulia, San Francisco, CA Tue Mar 6, 2012

What are some things to be aware of? What are some tips when negotiating a lease?

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William Boyd, Agent, Santa Clarita, CA
Tue Mar 6, 2012
Also, it is very important to know if your landord is upside down or not. Many homeowners will rent their home out and not pay their mortgage. You, as the tenant will one day get a notice that the house has foreclosed and you need to move. You need to check public records to see if any "Notice of Default' or "Notice of Sale" has been filed.
Web Reference:  http://www.BillBoyd.com
2 votes
William Boyd, Agent, Santa Clarita, CA
Tue Mar 6, 2012
Show your strength, it is all in the presentation. Landlords are more concerned with having good tenants that will pay the rent and respect their property. There are more bad tenants than there are good. So, if you have a good job and good credit, show it off. It is your power of negotiation.

We have many tenants that have just gone through a short sale. We consider a short sale a proactive movement to clean up a bad situation. If you still have a good job, again show your strength. It is all in the presentation.
1 vote
Tony Lewis, Agent, Valencia, CA
Tue Mar 6, 2012
Make sure you have investigated,fully, the option of buying and owning a home first. Home ownership has too many benefits to ignore. Paying someone else's mortgage rather than your own is not the best option. However, renting is the only option to most of the renters. Just like buying a home, I strongly suggest having representation. Make sure you are p661-702-4720aying market value and have seen all comparable homes and neighborhoods. Know that a lease is a binding contract and breaking it could ruin your credit. Make sure you know the details and consequences of ending the lease early. Know that this home and neighborhood will be where you will want to live for the length of the lease. Find the best local representation available and take great notes of the property condiitons prior to taking possession. Call, text or email to discuss the benefits and options of owning rather than renting.

Tony Lewis RE/MAX of Valencia 661-702-4720
Web Reference:  http://www.TonyLewis.com
0 votes
Susan Imperi…, Agent, Santa Clarita, CA
Tue Mar 6, 2012
Know your time frame. Don't assume you can break the lease if you need to move before its up. Also, don't be afraid to negotiate, you may be able to save $50-100/Mo if you know you are staying put for a while by offering to sign a longer lease.
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