3 Things To Find Out Before Renting A Luxury Apartment

When my youngest child moved out, I was left living in a large home by myself. Weekend visits from the grandchildren only filled the space part of the time. The home became more of a burden as each day passed. It was not until I was working with my real estate agent to sell my home and find a smaller home did I realize that there were so many others in the same position. I created this blog to help other empty nesters explore their options for downsizing and to provide guidance on finding a new home that fits in more with their lifestyle.

3 Things To Find Out Before Renting A Luxury Apartment

3 Things To Find Out Before Renting A Luxury Apartment

8 January 2020
 Categories:
Real Estate, Blog


When you rent a luxury apartment, you are entering into a legal contract. Before you enter into a legal contract to lease an apartment, you need to take the time to go over the lease and make sure you understand all the terms of your lease. Don't assume that certain privileges are included in your lease just because you are renting a really nice apartment.

Thing #1: Access to the Gym

Many luxury apartment buildings have really nice gyms. Don't assume that you will get access to the gym when you sign the lease. Some buildings limit gym access to apartment owners or charge you an additional fee for using the gym. If they charge you to use the gym, find out if they charge on a per-month basis and if you can opt out of the gym membership before your lease or if your memberships is tied to the length of your lease. If they charge for the gym, find out if they charge by the apartment or for each individual. If the access to the gym is free, make sure those terms are included in your lease contract.

Thing #2: Parking Space

Next, be sure to find out if your apartment comes with a parking space. Be sure you understand how the parking space access works. Do you have an assigned parking space? Or are you given a parking permit that you can use in any spot in the lot? 

If the parking spot is paid, find out what you have to pay for the parking spot and make sure the terms are clearly spelled out in your lease for renting the parking space.

Thing #3: Storage Space

Fourth, find out if the building offers other storage space for rent. If you can rent storage space within the building to store your snowboards and outdoor equipment, that is a lot more convenient than renting a storage unit five miles away. Find out the storage rental terms and access; don't assume they have available space for goods, find out before renting the space. 

If you are looking at renting a luxury apartment, be sure to find out about extras like gym access, parking spots, and storage space. Find out if those extras are included in your rent, or if you have to pay extra for them. Make sure all terms for any extras, from how much they cost to how long the terms are, are included in your rental contract. 

About Me
Home Buying Tips for Empty Nesters

When my youngest child moved out, I was left living in a large home by myself. Weekend visits from the grandchildren only filled the space part of the time. The home became more of a burden as each day passed. It was not until I was working with my real estate agent to sell my home and find a smaller home did I realize that there were so many others in the same position. I created this blog to help other empty nesters explore their options for downsizing and to provide guidance on finding a new home that fits in more with their lifestyle.

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