Adobe Intern Community Guide - Ottowa

SETTLE

TOP 5 LEASING TIPS 1. In a competitive rental market, bring a completed rental application, including all necessary documentation and a check for security deposit when visiting the property. 2. Ask if the landlord offers any favorable terms for your employer. 3. Come prepared with enough funds to pay for the first month of rent, plus the deposit amount. Deposit requirements vary but can be equal to one month’s rent (or more). 4. Be extra diligent when reviewing the lease from a private landlord. Unlike large apartment complexes, which generally have well established agreements, private landlords may be less experienced and may include unfavorable or unrealistic clauses. 5. Ask a family member, friend, or colleague to come along with you on the move-in inspection to have an extra set of eyes.

BE THOROUGH - BE SURE TOREVIEWTHE LEASE!

Here’s some items to keep in mind:

- - -

Rules about landlord access and your privacy

Any maintenance required of tenant

Payment of utilities (typically tenant-paid)

- Tenant Insurance: This is a requirement for all rental properties. Again, this will depend on the limit of liability ($1 million or $2 million) and the building's size and type.

BE PREPARED Many landlords and property management companies have very strict requirements for prospective tenants. Qualifying can at times be challenging and a bit frustrating. Most landlords will require some combination of these documents:

- - - -

Identification

Letter of employment

Recent pay stub

Copy of your credit report