Written by Nick Simard on 12.07.23
Signing a lease is a significant decision that involves both a legal contract and choosing your new home. To ensure you make well-informed decisions, it’s important to be aware of common mistakes that apartment renters have shared with us. By avoiding these missteps, you can have a smooth renting experience. Here are some words of wisdom to consider:
In Philadelphia, it’s recommended to earn at least 2.5 times your monthly rent. While the city is affordable compared to places like New York City, it’s still essential to have enough disposable income to enjoy the fantastic offerings of this vibrant city.
Although Philadelphia’s apartment owners generally maintain a good reputation, it’s crucial to research the management’s track record. Explore other people’s experiences with the building management, follow company blogs and social media, and ensure transparency, experience, and established management practices. Visit the property in person to assess its condition, maintenance, and access to amenities.
Establish a good rapport with your property management company from the beginning. Ask any questions you have about the lease to avoid misunderstandings. Understand your responsibilities for maintenance and inquire about the company’s assistance policies when you become a member of the community.
Attempting to sneak pets into an apartment with pet restrictions can lead to unexpected rent increases or even eviction. Save yourself the stress and find a pet-friendly apartment that aligns with your pets’ numerical, weight, and breed requirements.
Thoroughly examine the lease agreement to ensure you’re aware of all the terms and conditions. Pay attention to details such as restrictions on guest stays, parking regulations for cars and bicycles, responsibility for utilities and services, lease duration, security deposit policies, and the importance of renter’s insurance.
Many renters neglect to obtain renter’s insurance despite the value of their personal belongings. Check if your property management company requires evidence of up-to-date insurance. Regardless, it is highly recommended to obtain renter’s insurance to protect your belongings and cover unexpected damages or injuries.
If you’re considering living in neighborhoods like Old City, Northern Liberties, Rittenhouse Square, or South Street, or exploring Ardmore on the Main Line, Carlyle Property Management offers well-maintained, pet-friendly apartments with off-street parking. To schedule a viewing or learn more, contact us at 215.545.1039. We are eager to show you around and ensure your rental experience is free from errors.
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