Sceet on Finances

Archive for March, 2009

Rental Swaps

Some vacationers find a rental swap to be an ideal situation when they are traveling. Homeowners, especially in desired locations, may find there is a great deal of interest from others who would like to rent their home for a short period of time. Typically this is about one to three weeks although it may be longer or shorter in some cases. A rental swap is essentially where a homeowner in one location offers the use of their home to another homeowner in exchange for use of the other homeowners home. Ideally these swaps will take place concurrently but in some situations swaps are organized at different times of the year.

A Rental Swap Saves You Money

For many a rental swap is worth considering because it can result in a tremendous financial savings. Lodging often accounts for a large portion of a vacationers travel expenses. By eliminating these costs the vacationer may find they are able to add additional aspects to their vacation. For example, by eliminating lodging costs, a vacationer may have money left over in the travel budget to see a few plays, eat dinner at extravagant restaurants or purchase tickets to sporting events.

Do Not Let the Furnishings Fool You

Renters who are viewing apartment complexes are often led to furnished models which have been tastefully decorated. Although the furnishings in these model apartments are usually very aesthetically appealing they also usually serve another purpose as well. This other purpose is to make the room appear larger than it is. There are decorator and furnishing techniques which can make a room in an apartment appear considerably larger than it really is. The size of the bed, the amount of furniture and the layout of the furniture are all items which should be carefully considered when viewing model apartments. This article will cover these three items and will provide useful information for renters who are trying to evaluate furnished apartments.

The Size of the Bed

Decorating a Rental Apartment

Those who live in a rental apartment are usually quite limited in the amount of decorating they are able to do. This can have the impact of making a rental apartment not quite feel like a real home. In many cases the rental apartment is painted a bright white and residents often feel as though this color is somewhat impersonal but are not able to repaint the walls to a more appealing color. This is just one example of the decorating restrictions which may be placed on an individual renting an apartment. There may be other restrictions and reading the contract carefully will help the renter to determine what is allowed and what is not allowed.

Review the Contract Carefully

Renters who are living in an apartment should review their contract documents carefully before they begin decorating their apartment. This is important because there may be some common decorating items such as painting or installation of shelving which may not be allowed by the contract documents. Decorating in any manner which is strictly prohibited may result in harsh penalties. These penalties might involve the assessment of fees at the conclusion of the rental period or possibly even eviction.

Maintenance on a Rental Property

Maintenance on a rental property can be a confusing issue. Renters may mistakenly assume all maintenance is the responsibility of the leasing agent and maintenance staff but this is usually not true. In many cases the leasing agent and maintenance staff are responsible for maintaining the common areas and performing major repairs on the apartments but the renters do typically have some responsibilities. These responsibilities are often defined in the rental agreement and the renter should familiarize himself with this document to verify his rights if a dispute arises.

Renter Responsibilities

Typically renters have the responsibility of maintaining their apartment and the surrounding area. This may include the interior of the apartment as well as deck or patio space. However, maintenance of these areas applies to generally cleanliness only and not issues such as painting or repairs to the exterior or the interior of the apartment structure or the appliances within the apartment.

Additionally, renters are responsible for small repairs in their home. This may include plunging a clogged toilet or changing a light bulb. However, if there are any duties a renter feels uncomfortable performing such as changing a light bulb in a high location, the renter should contact the maintenance staff for assistance.

What Does the Rent Include?

There is no simple answer to the question of what is included in the rent. This is because the answer will likely vary from one apartment complex to the next. Some apartment complexes may include a variety of items within their rent while others may charge renters additional fees as needed and still others may require the renters to register directly with individual public utilities and handle these expenses on their own.

Likewise some apartment complexes may include additional features with the price of the rent while others may charge additional fees for these features. A pool, exercise room, meeting room or theater are just a few examples which may be offered by an apartment complex. In most cases the use of these amenities are included in the price of the rent but there are exceptions where the renter is charged an additional fee for the privilege of using these amenities.

Consider the Price of Utilities