(Photo credit: Hemera Technologies)Just as you check the Blue Book value on automobiles before you go car shopping, you should arm yourself with information before you go to an appointment with a potential landlord. With the right facts in hand, you can help ensure that you'll pay a fair rent, that you don't end up in court and that you and your roommates remain on speaking terms.
What is the going rate?
"With residential rentals, as opposed to commercial, the 'per foot' measure isn't common," says attorney Janet Portman, co-author of "Every Tenant's Legal Guide" and managing editor of NOLO, which publishes do-it-yourself legal guides. "Instead you'd want to study the comps just as you would if you were buying a house. What does a place like this rent for, in this neighborhood, with these amenities? Check the listings on Craigslist, the local newspaper and wherever landlords advertise. Once you know the going rate for comps, you can decide whether the rent charged for the place you're thinking of rentingRead More »from What to know before you talk to a prospective landlord