What are the Costs involved in Renting an Apartment?
The costs involved in renting an apartment are variable, depending on the policies of landlord/management company. The initial deposit you put down to secure an apartment becomes your first month’s rent.
Here are the funds that come into play:
- First Month’s Rent
- Last Month’s Rent
- Security Deposit
- Key Fee/Deposit
- Finder’s Fee
- Cleaning Fee
- Move-in Move-out fee
- Pet Fee/Deposit
FIRST MONTH’S RENT
This is your initial deposit. It becomes your first month’s rent. Nearly 100% of the time the landlord requires you to pay the security deposit upfront.
LAST MONTH’S RENT
Roughly 75% of the time the landlord will require that you prepay your last month’s rent.…