Rental Jargons
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Rental areas can have varying fees and deposits on top of the monthly rent. Just be sure which ones are your responsibility and which ones are not.
- A deposit can be given back to you once you have moved out of the premises assuming no damage has been done by you or your pet. If you have added certain features in the apartment, you can have it removed when you transfer to another place for as long as no damage has been done while removing it. Otherwise, you will be asked to shoulder the repair expenses involved via your deposit.
You will shoulder your unpaid bills also via your deposit.
- A fee is non refundable. You can kiss it goodbye forever once you pay it. However, there are also cases where a landlord asks for a $ 300 fee and says half will be refunded to you when you move out of the unit. Clarify this with him or refer to the contract to check if this is included or if this is just a promotional feature added to ensure a higher occupancy rate.
- Before paying anything other than the monthly rent and your basic utility bills, it is wise to ask the landlord or the property manager what the extra fee is for and if and when it is refundable.