LEASING

Preparing at least two months in advance can make all the difference. Organize your documents, review your credit, and be ready to explore the many property options that fit your needs. Here are some helpful tips to guide you from start to finish.

When searching for a new home, it’s important to identify four or five features you cannot live without, such as a washer and dryer in the unit, a large backyard, a condo with a large swimming pool, or a minimum square footage. This will help narrow your search and focus on properties that truly fit your needs.

Set your budget based on your income and monthly expenses. Most landlords require a minimum income of three times the rent—for example, $9,000 income for a $3,000 rental—although some may be more flexible. Always consider your expenses to ensure you can comfortably afford your new home.

Landlords require a security deposit, and move-in costs can be up to three months, including the first month’s rent, last month’s rent, and a security deposit. 

Some condominiums may also require an Association security deposit depending on the building.

Searching for a home online is easier than ever, but hiring a real estate professional is still a smart move. An experienced agent can save you time by identifying properties that match your criteria through the MLS (Multiple Listing Service), scheduling appointments, guiding you through negotiations and contracts, and supporting you until you receive the keys to your new home.

Be upfront with your agent about your budget, must-haves, and any pets, as some buildings or landlords have restrictions. Clear communication ensures they can find the best homes for you.

When submitting an offer to lease, it’s important to have your documents ready. These typically include:

• Bank statements for the last few months (2-4 months)
• Proof of income (W-2s or recent pay stubs; 1099 and tax returns for self-employed applicants) 
• Pet documentation, if applicable 
• Full credit report 
• Criminal background check (occasionally requested) 
• Photo ID 
• Completed rental application with your personal information 

Having these documents prepared ahead of time can speed up the application process and increase your chances of securing your desired property.

Different types of properties have varying approval processes, requirements, and timelines:

• Condominiums & Homeowner Associations (HOAs): Approval can take 2–4 weeks. Associations provide their own application and require an application fee. 
• Single-Family Homes: No association approval is needed—only the landlord’s approval. 
• Rental Communities (buildings, multi-family homes, duplexes): Many have property management companies that require their own application and application fee. Some newer developments may be more flexible, especially if they have many units to fill. Some may offer concessions, such as one or two months free rent, though these properties can be more expensive. 

Typical fees to expect: application fees, association security deposits, move-in fees or deposits, pet rent, pet deposits, or one-time pet fees.

On your move-in day, you will be required to make payments as instructed by the landlord or your real estate agent when receiving the keys. It’s crucial to perform a walk-through with your agent and document any issues you notice in the property.

Some issues, such as a malfunctioning appliance, can be requested to be fixed by the landlord, while other items should simply be documented to avoid responsibility at move-out. 

Throughout your lease, it’s important to maintain the property in good condition and promptly communicate any problems—such as leaks, A/C malfunctions, or other maintenance issues—to your landlord.