Discovering the U.S.

Page 39

Securing Rental Housing

Application Fees

When you find a rental property of interest, it may be necessary to complete an application and

pay an application fee which usually ranges from $75-$150 or more. This fee is non-refundable,

even if you do not secure the property.

The rental application will ask about your housing history, employment history, salary, and

debts. Your consultant can assist you with the completion of the application. You will typically

also be asked to pay for a “credit check”, which evaluates an applicant’s likelihood of paying

debt and confirming a history of good financial standing. Since it is very likely that you will not

have a credit history established in the U.S., the property owner or landlord may additionally

request a Letter of Employment, supplied by your local U.S. employer.

Security Deposit

Once your application is approved, you will pay a security deposit and sign a lease. The security

deposit may be as much as one or two times the monthly rent, so it is important to confirm the

amount before you sign a lease. At the end of your lease, the condition of the property is

evaluated and the security deposit is returned to you less the cost to repair any damages.

Lease Review

Prior to signing your lease, it is important to read and understand the terms of the rental

agreement. Your consultant will act as your advocate during this process. The security deposit

and first month’s rent are usually due at the time of the lease-signing. The lease document will

outline the length of time you rent the property (a one-year term is standard), how much notice

you need to give when you plan to move out, the rental amount, your responsibilities in

maintaining the property, as well as the landlord’s responsibilities. Any specific property rules

will also be outlined in the lease. Be certain that you are willing to meet all of the rules listed.

These may include restrictions on pets or the number of persons allowed to reside in the home.

Transfer / Diplomatic Clause

Your employer may require that a Transfer or Diplomatic Clause be included in your lease. This

allows you to terminate the lease without a large monetary penalty in the event that you are

transferred. If your company requires a Diplomatic Clause, your consultant will help you

negotiate the inclusion of this clause. Please note: not all landlords are willing to include this in

the lease; your consultant provides guidance in the event that a landlord is unwilling to accept a

transfer/diplomatic clause.

Monthly Rent / Utility Costs

Rental prices and details vary. Before signing the lease, it is important to determine what is

included in your monthly rent. For example, some landlords/management companies may pay

for heating, electricity, and/or waste removal on your behalf, while others require the tenant to

assume all utility costs. In these instances, utility service connection will need to be established.