There are a lot of pros and cons to renting an apartment. On one hand, there’s no freer feeling than being able to pick up and move to anywhere your heart desires at the end of your lease. On the other hand – good luck if you want to customize that space with anything more than a paint job…. In this episode of Grown-Up Stuff: How to Adult, we’re talking to New York real estate broker Mark Metzger from the Corcoran Group to learn some tips on how to find an apartment and the terms we need to know to better understand our lease. Plus, discover the best strategies for how to negotiate your lease terms and lock in a lower rent.
Learn about your rights as a renter by checking out your city’s or state’s Department of Housing website:
- New York City, NY- https://hcr.ny.gov/division-housing-and-community-renewal
- Boston, MA - https://www.boston.gov/departments/housing
- Los Angeles, CA - https://housing.lacity.org/
- San Francisco, CA - https://sf.gov/topics/housing
- Chicago - https://www.chicago.gov/city/en/depts/doh.html
- Austin, TX - https://www.austintexas.gov/page/tenant-stabilization-and-renters-rights
- Minneapolis, MN - https://www.minneapolismn.gov/resident-services/property-housing/
Cited Sources:
- 2021 Census Data on Renting
- Changes in New York State Rent Law
- City of Boston Rent Stabilization
- “Portland Voters Reject Rent Control Changes” (H/T NBC News Center: Maine)
- “Rent Control Versus Rent Stabilization: What it All Means for Landlords” (Forbes)
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