Renting your first apartment can be a thrilling and exciting adventure. You've moved out on your own, and things are beginning to fall into place. There will be new responsibilities that you will have to take care of. It's up to you to control your environment and your new home. Moreover, it will be easier for you to remember what tasks need to be completed each month once you get accustomed to your new routine.
When you rent an apartment, you will be required to pay for more than just your rent. You will also be responsible for your utilities, groceries, and, most importantly, renters’ insurance. Renter's Insurance covers your personal items, numerous types of liability coverage, and alternate living expenses if you have to leave your flat for any reason. You will need to talk to your landlord to determine what maintenance tasks will need to be taken care of. This can mean changing furnace filters or adding salt to a water softener.
Go over your lease to know what your rights and responsibilities are. Most landlords need to give tenants 24-hour notice if they plan to inspect your apartment. Your lease will also list what your boundary lines are in terms of your lawn (if any) or amenities you have access to on the grounds of the complex. Your lease accurately details what you can and cannot do. It does the same for the complex as well. Understand every aspect of your lease to know how to respond if something happens.
As soon as you sign your lease, you will want to contact your insurance agent and purchase a renter's policy. A quality policy will protect you financially in many ways. Your possessions will be covered against various types of loss and any liability. This is essential if someone is injured while they are visiting your apartment. You’ll be responsible for any medical bills and time they may miss from work. Your renter's policy will also provide funds to pay for alternative living expenses if you’re forced to leave your apartment for any length of time.
Maintaining your apartment is much more than paying rent and keeping your utilities on. This also includes regular cleaning. Wiping down your countertops, sweeping the floors, taking the trash out, and eliminating clutter are important. While few homes are immaculate, it's always a good idea to deep clean your apartment once a month to reduce odors and keep your apartment tidy if your landlord shows up unexpectedly.
If something should break into your apartment, notify your landlord immediately. Explain what happened. If you are responsible, you may be required to pay for all or part of the repairs. If the damage is not your fault, the landlord will need to make the repairs quickly, per your lease agreement. If you find something isn't operating properly, contact your landlord immediately to arrange for a maintenance inspection.
Moving into an apartment is a big step, and it is important to be financially prepared. Share this article with your renters, and we’ll come up with tips for landlords as well. If you have any queries related to your insurance needs, contact our insurance professionals at Graystone Insurance Group.
