HOW SAFE IS YOUR SECURITY DEPOSIT?

Written by dan the roommate man


When you move into an apartment, you and your landlord have to have a lot of blind faith for each other. You could be "Mr. Nice Guy", or "Mr. I'm Going To Throw Parties Here Every Night Guy."

Tenants are usually not into maintenance, therefore they aren't as careful with their rented property as they would be if they owned it. They also tend to see maintenance asrepparttar landlord's job. So, in order to assurerepparttar 110559 landlord that any damages made torepparttar 110560 apartment while you are a tenant will be covered, most apartment complexes require a security deposit.

The deposit is usually equivalent to about two months rent. The reasons?

* If you fail to payrepparttar 110561 rent one month, it won't come out ofrepparttar 110562 landlord's pocket. He hasrepparttar 110563 right to use your deposit.

* If there are any major damages made torepparttar 110564 apartment when your lease is up, he can userepparttar 110565 remaining deposit to make any repairs.

But what ifrepparttar 110566 landlord claims you made that hole inrepparttar 110567 wall when you know it was there before you were? Nothing, really. At that point it's probably too late to fight back. According to MetLife, this is why you take precautions before you signrepparttar 110568 lease. When you think you're going to live in an apartment, and it's almost a done deal, go aroundrepparttar 110569 apartment and check EVERYTHING for problems. Here's a check list of some ofrepparttar 110570 major things you should check out/look for:

Door locks: Do they turn easily? Can you be assuredrepparttar 110571 landlord re-keyed/replaced them sincerepparttar 110572 last tenant?

Smoke detectors: Are there any? Do they work properly?

Walls: Are they marked, dented, scratched, or cracked?

Pipes: Are they in good condition, or are they rusty?

Leaks: Check underrepparttar 110573 kitchen sink, byrepparttar 110574 front door,repparttar 110575 ceiling, and throughoutrepparttar 110576 bathroom for water damage.

Tiles: Are they all there? Are they in good shape?

Doors: Are they evenly painted? Are they marked/dented/scraped etc.?

Carpet: Is it fastened securely? Stained?

Paint: Is it smooth or chipping off?

If you see anything that could pose a problem inrepparttar 110577 future, you'll need to document it. The best way to do this is by taking a picture ofrepparttar 110578 damaged item/area, and then making a log describing all ofrepparttar 110579 pictures. Getrepparttar 110580 landlord to sign and daterepparttar 110581 log, and you sign and date it too. This way, you cannot be accused of damage you didn't do.

WHAT IS SECTION 8 HOUSING?

Written by DAN THE ROOMMATE MAN


HUD has housing programs for low-income families. Once accepted intorepparttar programrepparttar 110558 family or individual is free to choose any housing which meetsrepparttar 110559 requirements ofrepparttar 110560 program. Participants are not limited to subsidized housing projects. In generalrepparttar 110561 participants are required to pay 1/3 of their gross income as their portion ofrepparttar 110562 rent. The remaining rent is paid directly torepparttar 110563 landlord byrepparttar 110564 Housing Authority on behalf ofrepparttar 110565 tenant.

The major problem with Section 8 housing is that there are limited funds. The waiting list for a voucher or a certificate can be years in some states. Also some landlords do not feel comfortable renting to Section 8 participants because of government red tape. To make things worse Section 8 has received quite a bit of bad press involving renters who damaged rental property and/or did not take care ofrepparttar 110566 property. If your Section 8 renter should damage your property, HUD will pay forrepparttar 110567 repairs.

AM I ELIGIBLE?

To qualify for a rental voucher or certificaterepparttar 110568 combined family income cannot exceed 50% ofrepparttar 110569 median income for your county. The median income level varies from county to county. Contactrepparttar 110570 Housing Authority forrepparttar 110571 income level for your area and family size. Upon submission of your applicationrepparttar 110572 Housing Authority will review your application to determine your eligibility as well asrepparttar 110573 amount of your rental assistance payment.

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