Although not all landlords and property managers have the same polices, renting requirements in the Columbus area are typically consistent.
What is a lease?
A legally binding contract by which one party (a landlord/property manager) provides property to another party (a tenant) for a specified term, in return for a periodic payment (usually monthly).
Tips for Understanding
- Everyone on the lease may be asked to fill out a rental application which is usually associated with a $30-$75 fee per person. The property manager will more than likely check your credit report at this time.
- Most campus area property managers and landlords require a tenant under the age of 23 to have a co-signer, who is usually a parent or guardian.
- Make sure all tenants and co-signers sign the lease and submit it together at one time.
- Once documents are signed, make sure each roommate keeps a copy of the lease. Don’t rely on a single person to retain these important documents for you.
Understanding your lease will help you to avoid future issues like missed rent payments or how to submit a maintenance request. Knowing what’s in your lease and what specific terms mean will make your off campus housing search a breeze.