Four Issues You Should Double-Check On Any Brand New Lease

By Cornelius Nunev


Moving to a brand new city consists of lots of unknowns. There are a few expenditures, however, that many people forget when they are looking at a brand new place.

Talk about electric and fuel bill

You should always check with your new landlord about the heating and cooling costs of the new room. Some houses and apartments are heated using oil, natural fuel, or hot-water heating that is not directly tied into the electricity system. Make sure the lease clearly spells out who is responsible for paying the expenditures associated with heating and/or cooling the home. In case you are not careful, you may find yourself stuck with a $600 bill to refill the heating oil tank in the middle of winter.

Do you get a car parking spot?

Parking is one cost that individuals do not expect to have to pay. Some homes being rented have a driveway to park and some apartment complexes will assign one spot per person. Unfortunately, this is not the case everywhere. You might not have parking without additional costs in case you are in a city with few parking options. Check the area and find out what your parking costs might be.

Are you sharing storage?

A ton of times, you need to downsize when moving to a new place because you are sharing it or it is smaller. If this is the case, you might have to sell and give away a ton of the stuff. If you need to keep it, you can get storage at most places, but it is an additional cost. You might need to store stuff while in the moving process. Consider that you may need storage and budget for it in the future.

Get rid of waste

You might be responsible for city or state charges for garbage and recycling if it is not already covered whenever you are renting. Most apartments contain these bills, but a lot of houses will not. Make sure you check your lease to see what you are responsible for, and make sure you pay for the city service if you have to. Sometimes you can make arrangements with other tenants if you are in an apartment complex to get your trash taken together.




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