Question

Which components of a lease are likely to be most negotiable? What do you believe are the most important factors a person should consider when selecting housing? What are some common mistakes a person might make when renting an apartment or other housing?

Answer 1

Most negotiable components of the lease are - security deposit, starting date of lease, decoratings, yearly hike of rent percentage, lease term, escalations .

- Most important factors a person should consider when selecting housing : 1) Features of the house 2) neighborhood and surrounding area 3) size and place of the house 4) age of the property 5)cost of the house 6) Sanitation of the area where house is located 6) construction materials used in the house construction 7) type of loan to be taken to purchase the house

- common mistakes a person might make when renting an apartment or other housing : 1) not reading the rental agreement and signing it 2) not getting renters insurance 3) paying muncipal taxes that owner should pay for you 4) not noticing of the existing damage before entering the house 5) not checking about the neighborhood 6)