When looking for your first apartment, you may be confused by all of the terms on the listing or lease. From “utilities included” to “guarantor,” there are a few essential terms that all renters must know to make the apartment hunting process much easier. Continue reading to ensure you know all about important apartment terms!
Apartment Listing Terms
The number of bathrooms and bedrooms are some of the most important factors to look for when apartment hunting, as these will make the biggest difference in the rent. BR stands for bedroom, while BA stands for bathroom. Remember, there is a difference between a studio and a one bedroom. A studio doesn’t have a separate room for your bed, but instead contains one main living area.
Next, you’ll want to take a look at any features labeled as “amenities.” These refer to special features in the apartment unit or community, such as granite countertops in the kitchen, or access to a gym and pool in the community. For example, at Harborside Village, all tenants have access to a pool, tennis court, dishwasher, washer and dryer in each unit, walk-in closets, central air conditioning, and more!
If the apartment listing states that a unit is cable ready, that means that it is prewired for cable. You will (typically) need to purchase your own TV, but it is easier to set up cable access when you move in.
Lastly, you should take a good look at what the listing states about utilities. All apartments will be different, as some may say that all utilities are included, while others state that the tenant is responsible for water, electricity, and heating bills.
Terms To Know In Lease Agreement
Once you find an apartment that checks all of your boxes, you will schedule a tour, and hopefully get ready to sign a lease! While it is exciting to think about renting your first apartment, it’s essential to read the lease agreement very carefully and know what each term means.
First, the lease should state how long you will be renting the apartment- typically for one year. It’s also important to note that neither you nor your landlord can change the terms of the lease without the other’s consent. The landlord may also be referred to as the “lessor,” while you, the tenant, may also be referred to as the “lessee.”
If you are renting your first apartment, it’s common to co-sign with a guarantor. A guarantor is usually a (responsible) family member or close friend that co-signs the lease with you, and is responsible for paying the rent if you ever miss a payment. This is a typical solution for renters who have not yet established credit.
Let Us Be Your Apartment Home!
Whether you need your very first apartment home or are relocating to the area, Apartments of Harborside Village would love to be your dream apartment home. Looking for beautiful waterfront apartments in Joppa, Maryland? Let us show you one of our spacious and affordable apartments at the Apartments of Harborside Village. To learn more about our apartment options, visit us online, give us a call at 410-679-1130, or email us. For a peek at what it’s like to live in our community, follow us on Facebook, Twitter, Pinterest, Google+, and YouTube!