Does a deposit hold an apartment

A holding deposit is a specialized type of deposit that a landlord requests to keep the rental unit reserved until the tenant moves in and pays the agreed-upon rent and security deposit. If it is in fact a security deposit rather than a holding deposit, damages can be...

Do apartment Applications hurt your credit?

Applying for an apartment won’t hurt your credit if there’s no credit check in the process. The application also won’t hurt your credit score if the landlord uses a service that does a soft credit check. 3 You can ask the landlord for their process...

How do you fail a credit check for renting?

Tenants often fail credit checks because their salary is deemed too low for them to comfortably afford the rent. Agencies will expect their gross pay to be at least twice the rent, sometimes as high as three times the rent, and they will automatically fail anyone...

What is a good down payment on an apartment?

For a conventional loan not backed by the government, you’ll be expected to put down 20%. For example, if the apartment you want to buy costs $200,000, you can expect a $7,000 payment for a 3.5% FHA down payment. On the other hand, a conventional lender will...

What makes a lease null and void?

A lease is automatically void when it is against the law, such as a lease for an illegal purpose. In other circumstances, like fraud or duress, a lease can be declared void at the request of one party but not the other.

What are the advantages of rebates?

Rebates are highly attractive to most consumers. They provide a partial and tax-free cash reimbursement for their purchases; the Internal Revenue Service views rebates as a reduction in the price paid for a product, rather than as income