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Rental Basics in Richmond : Real Estate Advice

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Activity 4
Fri Jul 20, 2012
Ann Mullikin answered:
If you are looking for rentals check out www.exitfirstrentals.com. If you would like to see any of the homes, please call me at 804-385-2768. I can also filter MLS listings for your criteria if you will give me a call. ... more
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Fri Mar 9, 2012
Heather O'Sullivan, Broker answered:
Great Tips for a renter before signing a lease, ah where to begin?
If you can afford to have the lease reviewd by a real estate attorney then do it. this little bit of investment can educate you on what the landlord expects and what your responsibities are to the property and the landlord.
be sure that the lease states the exact amount of monthly rent agreed on - once all parties sign it is a legal contract and can be binding.
find out what is going to be done with your security deposit. most state laws specify that these funds will be kept in an escrow account. find out what your state law is and be sure that the landlord is following the law. that is your money and should not be used towards rent, repairs, or late fees until the lease is up and you have moved out.
i always find that taking photos prior to a move in is good protection for both parties. be sure to promptly print or save to disc and share those photos with the other party - preferablly with the move in evaluation form.
best of luck in your rental!
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Thu Aug 22, 2013
Don Tepper answered:
Very likely yes.

I don't know what the standard lease form in Richmond provides, but the standard lease form in Northern Virginia has a check box specifying whether the tenant is to pay the water bill. And on a rental property I own--that box is checked and the renter pays the water bill.

I'm not a lawyer, so what follows isn't legal advice. However . . .

Even if a landlord didn't use the standard Realtor-approved lease, the question really would be whether it's prohibited. If Richmond prohibits it, then it wouldn't be legal. However, if Richmond is silent on the matter, then a landlord certainly could charge for water.

It can get a bit stickier if you're living in a multi-unit building and you'd be expected to pay the entire bill. Or a bit more complex if a single bill is going to be prorated among multiple tenants. Then you'd just want to make sure you were comfortable with the split, or the process by which it was determined how much you owed.

Hope that helps.
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Sat Feb 27, 2010
Gerard Dunn answered:
The credit report is only ONE tool in determining tenant viability.

REFERENCES are very important as well. Ask for them and Call them!

Credit score is a good first reference. If the score is low - you need to find out why.

Even with great credit scores - references are very important!

Good Luck!
... more
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