2. Should I Rent or Lease?

Getting into a new place to live is very exciting time. This is especially true if person looking for a new home or apartment a first-time renter. Having a place to call own gives you a great feeling of independence. question that arises when looking for an apartment home to live in is, "Is it better rent or lease." Both options have advantages and . The best way to go about making this is to base it on your own personal .

Renting is a simple process that usually does require the person to stay in that space a specific length of time. In California, and most states, this is called a month-to-month rental . A landlord will generally require the new renter pay two months of rent in advance. The owner is also likely to ask for a or cleaning deposit, or both. The advantage of month-to-month rental is that the renter can get of the agreement by simply giving the owner one-month notice to vacate. The same applies to owner. If the owner asks the renter to , all he or she has to do is ask the renter to vacate in 30 days.

lease works a bit differently. It's usually signed one year, so both the renter and the agree to a pre-determined length of time the will occupy the unit. The renter signs a agreeing not to move out of the home the one-year period. After that, it works much renting. There are consequences on the part of parties if the lease is terminated early though, it is better to wait your lease out to terminate it early.