Updated with current information for 2022
Living off campus sounds like freedom, but it’s easy to get robbed in the student rental market. You’re out from under the scrutinizing eyes of the university, but you are in a free-market system that doesn’t necessarily protect your interests.
To keep your shirt, it’s good to be proactive. Here are a few things to consider before signing your name on the lease for any rentals close to OU.
Read the Fine Print
Read through the lease carefully and write down your responsibilities. Check for beginning and expiration dates. Are there criteria for rent increases if you decide to stick around for next year? Are utilities included as part of rent, and what exactly will you be responsible for and for how much? How much is the deposit and what is considered normal wear and tear? Are pets allowed? Who handles maintenance requests? Is renters insurance required?
The Importance of Renters Insurance
Even if it’s not required, renters insurance is a good idea. Disasters happen, especially in a college setting when lots of parties are involved. Your landlord’s insurance doesn’t cover your personal property in the event of fire or other disaster. If someone is hurt during a party, you may be held liable for damages. How expensive will it be to replace everything you own? Renters insurance will help you recover your personal belongings if something unforeseen happens. In fact, some insurance packages can even be used to help make rent if you are fired from a job.
Inspect Before You Move In
Always inspect a rental for damages before you move in. It may be a good idea to take a video recording or take photos of any damages so you are not held liable. OU rentals are known for wear and tear. Just make sure you aren’t charged for damage that was like that before you got there.
Keep a Paper Trail
Documenting things is great, but it’s also important to make sure that you keep a record of communication with your landlord. A verbal, unrecorded promise means nothing in the eyes of the law.
Cameras?
Sure, they can be invasive at times, but they can also save you from trouble. If your rental has parking, for example, a camera can help you in court should someone break or destroy your vehicle.
Likewise, if your house has a yard, cameras can be helpful in the event someone leaves something on your property that you get cited for. Athens Code Enforcement can be brutal and the fine can be steep.
Location Matters
If you have an apartment near or in uptown, chances are you’ll be impacted by Fest Season or the Block Party.
Does your landlord have a plan in case someone else comes and damages your stuff or your rental? These are important questions to ask before it’s too late.