When it comes time to find a new home, you often have a lot on your plate. Whether you are currently renting in Lawrenceville, Roswell, Buford, Duluth, Snellville or surrounding areas, you face more than just the responsibility to pack up and move out. You often have several legal and personal responsibilities that you must square away.
Careful attention to the clerical side of your move helps decrease the likelihood of problems. Before moving, review your rental insurance and your leasing obligations. Then turn your attention to the care of your property.
Leasing Responsibilities as a Renter
As a renter, someone occupies a home owned by another person. Before moving into the rental, renters usually agree to a contract with the owner. After signing the lease, the renter usually pays the property owner a rental charge to live in the property. They also agree to undertake certain upkeep of the property.
Leases stipulate a legal responsibility on both the part of the renter and the owner. Therefore, when the time comes to move, the renter likely has to look at his or her lease.
Leases often list moving requirements. They often require several weeks’ notice of a move and may require certain fees on move-out. Furthermore, leases usually last for a stipulated period of time. Terminating the lease before it expires may pose a problem for the property owner. If you decide to break your lease before it expires, this usually results in further fees. It can help the owner cover lost costs.
Insurance Responsibilities
When you moved into a rental property, you may have had to get renters insurance. Rental insurance is often a valuable asset for the renter. It protects their personal property and liability risks in the home.
As a move approaches, take the time to review your policy. If you’re going to move to a new rental property, you will have to update your policy accordingly. You will need to change your policy to meet the coverage requirements of your new rental.
If you need to cancel your renters insurance upon moving, you may have to pay a severance fee to cancel the policy. Usually, it is best to only move out of a rental property at the time your lease expires. Rental insurance routinely expires with leases. Therefore, you can escape the potential for extra fees.
When it comes time to move out of your rental, review your administrative responsibilities. Then take the time to prepare the property so that you leave it in good condition upon your move. Proper care can help you avoid financial consequences.
We’ve got you covered. Call Guardian Insurance at 855.554.6482 to get a fast, free renters insurance policy now.