Housing & Leases FAQs

Most security deposits equal one to two months rent. Some states cap deposits at one month. High-demand markets may charge first month, last month, and security deposit upfront - totaling three months of rent before moving in.

Yes, but it usually costs money. Early termination fees are typically 1 to 3 months rent. Some leases have a buyout clause. You may also be able to sublet or find a replacement tenant to reduce the penalty. Military members have protections under the SCRA.

Set up electricity, gas, water, internet, and trash service at least 1 to 2 weeks before your move date. Some utilities require a deposit. Also update your address with the post office, banks, and insurance providers.

Document the apartment condition at move-in and move-out with photos. Clean thoroughly, patch nail holes, and repair minor damage. Give proper written notice. Most states require landlords to return deposits within 14 to 30 days with an itemized list of any deductions.

Start researching neighborhoods 2 to 3 months out. Begin actively viewing listings 4 to 6 weeks before your move date. In competitive markets (NYC, SF, Boston), be ready to apply the same day you tour. In slower markets, you may have 1 to 2 weeks.

Renter's insurance covers your personal belongings against theft, fire, and certain disasters. It also provides liability coverage if someone is injured in your home. Policies cost $15 to $30 per month. Many landlords require it.

A move-in inspection checklist documents the condition of your apartment before you settle in. It covers walls, floors, appliances, fixtures, and any pre-existing damage. Both you and the landlord should sign it. This protects your security deposit at move-out.

Start with USPS mail forwarding (online, takes 5 minutes, covers you for 12 months). Then update your address with banks, credit cards, employer, DMV, insurance, voter registration, and subscription services. Allow 2 to 4 weeks for all changes to take effect.

A lease transfer fee (or assignment fee) of $100 to $500 is charged by some landlords when you transfer your lease to a new tenant. Not all leases allow transfers. Check your lease terms and state law before arranging a transfer.

Most landlords require: government-issued photo ID, proof of income (2-3 months of pay stubs or tax returns), bank statements, credit report authorization, references from previous landlords, and employment verification letter.