Signing a Portland, Oregon Apartment Lease
If you are in the market for Portland, Oregon apartments, then chances are high that you will be signing a lease in the near future. We have created this handy guide to help you navigate your lease agreement.
- Take Your Time – Once you have found an apartment that meets your needs and the property manager has approved your application, you will be presented with the lease. Many renters simply sign on the dotted line without reading the lease in detail. It is important that you read over this document and that you understand your requirements.
- Check out these important points:
- How much notice do you have to give before moving?
- What is the security deposit and how do you get it back?
- Are you required to deposit first and last months rent ahead of time?
- Is the lease month to month or are you signing on for an extended period like six or twelve months?
- Find Out What Kinds of Changes You Are Allowed To Make – Some leases are very strict regarding the changes you can make inside your Portland, Oregon apartment. Find out specifically what you can do such as painting, adding shelves, putting up pictures etc.
- Confirm The Pet Policy – If you have a pet and are renting at a pet friendly building, find out about the pet policy as there can be specifics regarding the weight of the pet and additional deposits/payments may be required.
- Double Check The Rental Amount – Make sure the rental amount and any additional fees like parking or gym costs are outlined. Also, check how often the rent is paid (biweekly, monthly etc).
- Review The Late Payment Consequences – Make sure you understand what will happen if you are late with the rent. Some apartment leases will specify when penalties are instated and how many times you can be late before there are serious consequences.
- Understand the Subletting Policy – Review whether the property management company allows subletting and if you require their prior approval.
- Policy on Right of Entry – Find out how the property manager intends to access your suite if they need to do so.
- Apartment Renters Insurance – See if this type of insurance is required, and if so find out the specific provisions.
- Repair Policy – Look at the lease to see what you are supposed to do if something needs repairing. Understand the reporting procedure and find out who is responsible to cover the cost of the repairs.
A lease is a legal document and it is essential that you understand the lease stipulations and your obligations. Remember, once you sign your Portland, Oregon apartment lease, it becomes a legal agreement between you and the property management company. To help make your apartment search easier, check out NorthwestRest.com for the best selection of high quality Portland, Oregon apartments.