First-Time renter? A checklist for getting started

Renting your first apartment is an exciting milestone, but it can also feel overwhelming. From budgeting to signing the lease, there are many steps to navigate. This checklist will guide you through the process to ensure a smooth and successful start to your rental journey.

Phase 1: The preparation

Before you even start looking at listings, get your finances and paperwork in order.

• Set a budget: A common rule is the 30% rule—aim to spend no more than 30% of your gross monthly income on rent. Don't forget to factor in utilities, internet, and other potential moving costs.
• Check your credit score: Landlords will almost always run a credit check. Know your score and be prepared to explain any blemishes.
• Gather your documents: You'll likely need proof of income (pay stubs, offer letter), references, and a government-issued ID.

Phase 2: The hunt

Now for the fun part. As you tour apartments, keep these things in mind:

• Ask questions: What utilities are included? What is the pet policy? How is maintenance handled?
• Document everything: Take photos and videos of each unit you visit to help you remember details later. Pay close attention to any existing damage.

"Reading the lease carefully is the single most important step. Don't be afraid to ask for clarification on any clause you don't understand before you sign."

Phase 3: The final steps

You've found the perfect place! Here's how to lock it down.

• Review the lease agreement: Read every single word. Understand the terms regarding the security deposit, late fees, guest policies, and the process for breaking the lease if needed.
• Get renters insurance: This is a non-negotiable step. Your landlord's insurance covers the building, but **not your personal belongings**. Renters insurance protects your property from theft, fire, and other disasters, and also provides liability coverage. It's incredibly affordable and absolutely essential.
• Do a final walk-through: Before you move your boxes in, do one last walk-through with your landlord, documenting any pre-existing damage on a move-in checklist to protect your security deposit.