If you are looking at apartments for rent, you likely already know that you may be required to pay a deposit, first and last month's rent, a fee for a credit and background check, and a pet deposit if you have any pets. But, more apartments are starting to charge more fees that some people may not be aware of. Knowing what fees are common can help you to save prior to moving out, or at the very least, inquire about the fee before signing a lease. Here are a few of the lesser-known fees that many apartments are starting to charge.
A Key Deposit
Many apartment complexes have begun charging a key deposit. The key deposit may cover the cost to replace any of the keys that you are given for your apartment and complex, such as a mail key, pool key, clubhouse key, and apartment fee if you lose the key or do not return it when you move out. If all keys are returned when you move out, your key deposit is returned.
A Cleaning Deposit
Another type of deposit that you may be charged is a cleaning deposit. A cleaning deposit is designed specifically to cover the cost of cleaning your apartment and the carpets if you move out without cleaning anything. If you leave the apartment clean when you move out, the cleaning deposit is typically refunded on the spot.
Additional Pet Rent
In addition to being charged a pet deposit, many complexes have begun charging an additional pet rent fee. Pets living in a complex can cause items like the rug to wear out faster, which means the owner has to replace items more frequently. The pet rent is meant to cover the added expenses.
A Move-In Fee
The final fee that an apartment complex may charge you is a move-in fee. A move-in fee is meant to cover costs such as touch-up painting, changing the lock and making other minor changes to your apartment that need to occur between tenants. Many apartments charge anywhere from $300 to $500 for a non-refundable move-in fee.
While many counties, cities, and states regulate the amount that apartment complexes, landlords and property managers can collect for security deposits, these additional fees are not regulated and do not count toward the security deposit. If you are looking at apartments for rent, always carefully review the deposits and fees that a complex may charge. While some may charge every type of fee they can, others may not charge any fees. Keep this in mind as you select the right complex for your needs.