Moving into your first apartment is exciting, and you want to find a place you love. There are a few essential questions to ask when looking for a unit. These provide valuable information, so you sign a lease that fulfills all your goals. Below are several questions to help you through this process.

Apartment Hunting & Renting FAQ

Should you hire a rental agent?

Apartment hunting can be overwhelming, and a rental agent can help. These professionals connect with housing complexes in your area and will direct you to units that meet your specifications. This is especially helpful if you’re new to the area. When interviewing agents, ask about a fee. They may charge a fee equal to a month’s rent when you sign.

What qualities should you look for?

Think carefully about your needs. You’ll want enough bedrooms and bathrooms to accommodate yourself and roommates. See if the landlord allows pets and whether or not the rent includes utilities. Many communities have amenity spaces and are near shopping, entertainment, and schools. Consider how significant these aspects are to you so that you can narrow your search.

What is a cosigner?

If you have a short employment history or no credit—common with college students renting their first place—you may need a cosigner. This is usually a parent that must legally cover your rent if you cannot pay. Landlords prefer this commitment, so they know that they’ll receive payment.

What costs and fees are required?

Discuss all rental costs and application fees with the landlord or management company. Ask about money due upfront. It often includes the first and last month’s rent, as well as a security deposit equal to one month’s rent. If you have approval for a pet, you may have to include a pet deposit. Also, inquire about fees for a credit check or background check that the landlord may charge.

What is renters insurance?

The complex may require tenants to purchase renters insurance. These plans are similar to home insurance. Should you suffer a break-in or a natural disaster, they’ll cover personal losses. They’re available through many national insurance providers, and the landlord may require it before you move in.

What penalties do you have?

You should know what fees will arise if you break your lease early or damage the unit. The security deposit generally covers damage to the property. However, if you move out early, you may have to pay a portion of the remaining rent. Ask beforehand, so there are no surprises later.

If you’re looking for an apartment in Lexington, KY, explore Ashton Park Apartments. This community offers one- and two-bedroom units with high-end amenities. The monthly rent includes utilities, and their staff will work closely to fulfill all your needs. Learn more about their offerings on the website, and call (859) 389-6000 to reach their leasing office.