WEDNESDAY, DECEMBER 2, 2020
If you decide to move apartments or rental homes, you have a lot of things to take care of. Landlords often have different requirements for those who plan to move in. As a result, renters likely have to follow a specific process during their moves.
As you plan for a move, check with those in charge of the property. Remember, you’ll likely have two properties for a period. Therefore, work with both your current and future landlords.
Landlord Requirements
Moving between rental properties requires taking a close look at your assets. You probably have a considerable amount of money wrapped up in the home. So, first, you have to tie up a lot of loose ends.
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Give your landlord notice of your move. Some notification as long as 30 or 60 days in advance. Check your lease for your landlord’s requirement.
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Some landlords require you to pay certain move-out fees. These might include cleaning or sanitation charges. If you plan to break your lease, you can often expect higher fees. You might even have to pay your lease off in-full.
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Make sure you and your landlord have a written agreement on what costs you owe. Usually this is in your lease.
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Terminate any utility services at the old residence. Items to turn off usually include electricity, gas, water, internet and cable. Usually, if you must pay the bill, you are the party that must terminate the services. Remember, you might still have outstanding bills to settle even after your move.
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Before leaving, clean and make any small repairs in the home. You can often improve your chances of receiving money back from your security deposit if you have that option. Walk through the property with the landlord before the move.
At Your New Property
When you take possession at your new property, you still have some clerical work ahead of you.
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Make sure you’ve signed the lease, and made any deposits necessary to take possession.
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Thoroughly inspect the home. Immediately let the property owner know, in writing, any problems that need attention.
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Get renters insurance on the property. Many landlords require this coverage. However, even if they don’t, you likely need protection. It can protect your liabilities and personal belongings in the rental property. Furthermore, verify your landlord’s homeowners insurance to make sure they have coverage.
If problems arise, don’t hesitate to come to your landlord with questions. When damage occurs, turn to your renters insurance. Your policy can likely help you in a variety of unique ways.
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