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The Difference Between the Lease and Rental Agreement, Explained

There are many terms and concepts that might be confusing for renters and aspiring landlords. One of the great examples can be the difference between a lease and rental agreement. While they can be used interchangeably in many situations, there are some major differences between these two ideas. To avoid any misunderstandings and unpleasant situations in the future, you should understand very well what is…

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Difference Between a Pet Deposit, Pet Rent, and Pet Fee

We all can agree that having a pet adds happiness to our lives and energy to our place. After all, some people say that a pet is all it takes to turn a house into a home. But, it also comes with extra responsibilities, requires to commit a lot of time, and, of course, entails extra costs. This is especially true when you’re a tenant…

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5 Financial Questions to Ask Your Roommates Sooner Than Later

We’ve all heard it before — the roommate horror story. The roommate who never made rent, no matter how many times they’d been confronted; the one who left everyone hanging by moving out early and taking the household TV with them. Sharing space with people is an intimate act, and it’s best done with people you know and trust. Building that trust takes communication —…

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Security Deposit 101: Definition and All Your Questions, Answered

This article continues with one of the most fundamental rental concepts every renter should know and understand!  Today, we take a closer look at the security deposit and everything related to it.  If you have any questions about a security deposit, its definition, the amount of a security deposit the landlord can charge, or how to get your security deposit back, you’re in the right…

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What is Micro-Apartment? Is Renting a Micro-Unit Right for You?

No one can deny that the prices for real estate and rentals have been continually growing over the past decades. What’s more, the population of our planet has been increasing as well; just from 1950 to 2010, it grew by 174%, from 2.5 billion to 6.9 billion.  These are just two reasons why the micro-apartments have become so popular during the past few years. Today…

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Costs to Keep in Mind When Renting Your Dream Home

One of the most exciting times in your life is when you’ve saved up enough to start hunting for your first rental home. Moving into your own house is like a rite of passage in life and signals that you’re all grown up and living the good life as an adult There’s more to renting your dream home than the price tag on the real…

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Condo vs Apartment: Main Differences, Covered

As a tenant, you can encounter all kinds of properties on the rental market, from townhouses and single-family homes to duplexes and fourplexes. But if you live in a bigger town, the most common property type will be an apartment.  Or is it a condo? Even though these two property types are quite similar, there are some fundamental differences between them. Read on to see…

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How Much Should You Spend on Rent?

Paying rent might be the biggest monthly expense for many of us. And, of course, before you start searching for a new home, it is important to determine your budget and how much you can afford to spend on rent. There are many “rules” out there for how much you should spend on rent. Some say to spend 30% of your household income on rent….

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5 Factors to Consider Before Signing a Lease and Moving to a New Place

It’s not easy finding a place that feels like home as a tenant, but that doesn’t mean that it’s impossible. Whether you are used to changing addresses and moving around the country or even the globe, or if you’re looking to relocate to a new city, you might find it daunting to move into a new rental. What will the landlord be like? Will you…

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Rentals Compared: Condo vs Townhouse vs Single-Family House

Whether you are a tenant or a homeowner, renting a place or looking to buy, there are certain things you should know. One of the topics in Real Estate 101 is the difference between the main types of properties. Each of them has its own pros and cons and specific characteristics. In this post, we’ll cover three types of estates: the condo, the townhouse, and…

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