Renting a new home is exciting for novice and seasoned renters. Before you sign your next lease, consider five things every renter should know.
Five things every renter should know
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Pay Your Rent
Check your lease to see when your rent payment is due and which payment method your landlord prefers. Whether you pay by check, cash or credit card, or use an electronic payment option, always pay on time. Save a little money each week if you have to because late payments could cost you fees as outlined in your lease. Being late also hurts your relationship with your landlord, which could affect your ability to extend the lease or get a good referral if you move.
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Safety Comes First
You need and want to feel safe in your home, so take time before you move in to check safety details. Make sure the locks have been changed since the last tenant moved out, and get keys for all doors, including the deadbolt. If doors look flimsy, lack deadbolts or do not have peepholes, ask for replacements. Install smoke detectors and carbon monoxide detectors and keep a fire extinguisher where appropriate.
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Buy Renters Insurance
Your landlord’s homeowner policy covers the building structure but not your personal belongings. Purchase your own renters insurance policy to protect your possessions if they’re stolen or damaged, and to provide liability coverage for incidents that may occur in your rental.
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Mind the Neighbors
Be a respectful neighbor by reading your lease and following building rules. Check details such as guest limits, parking rules and trash collection schedules so you don’t create avoidable conflicts with neighbors or property management.
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Report Problems
Small issues can become big problems if ignored. Report roof leaks, plumbing problems or broken railings as soon as you notice them and keep your landlord’s contact information handy. Treating the property like a caretaker helps protect your home and improves the chance of getting a positive reference when you move.
If you’ve decided to rent, doing these five things will help you be a responsible tenant and protect your belongings. For information about insurance options related to subsidized properties, see Insurance for Senior and Subsidized Housing and Apartment Subsidized Housing Insurance. If you want personalized help, talk to an agent.
Frequently Asked Questions
Do I need renters insurance if my landlord has insurance?
Your landlord’s policy covers the building, not your personal belongings, so renters insurance is recommended to protect your possessions and provide liability coverage.
What does renters insurance typically cover?
Renters insurance commonly covers theft, fire damage to personal property and liability for injuries that occur in your rented home, though specific coverage varies by policy.
Can my landlord evict me for reporting repairs?
No, reporting legitimate maintenance issues is part of tenant responsibilities and protections; keep records of requests and communications with your landlord.
How can I improve safety in my rental unit?
Change or rekey locks if allowed, install or test smoke and carbon monoxide detectors, and keep a fire extinguisher accessible to increase safety.