Depending on the type of apartment you plan to move into and whether you have any rental history or not, you may need to consider whether a co-applicant is a smart decision for you or not. But before you do this, you need to consider what is a co-applicant as well. A co-applicant is going to be an additional person that you can add to the rental application and to the lease agreement on the apartment. You may choose to have a co-applicant if you have por credit or issues with your finances. This co-applicant will be able to boost your application with their own credit and assets, making it more likely the landlord will choose to rent with you.
A co-applicant is going to jointly sign and bear the financial responsibility for paying rent for an apartment for the entire term of the lease and while you live in that unit. You both will sign the lease agreement and both of you are equally responsible for the costs of the apartment. If you do not pay the rent for some reason, then your co-applicant is on the hook for it and it may ruin their credit. However, there is often a primary applicant and a secondary co-applicant when you do all of this, similar to when you take out a loan. The co-applicant is also going to have the same rights to live in the apartment like you.
If you do end up in a situation where you need a co-applicant, both you and the other person will need to get approval through the landlord before you move in. Both parties will need to submit an apartment application that includes all of your personal information, your rental history, and information about where you work. The landlord will usually decide to do a credit check and a background check on both parties as well to ensure that both can qualify for the apartment together. Once you pass both of these, then the landlord will allow you both to sign the lease so that you can move into the apartment.
Finding apartments in East Oviedo can be a great way to find a place that is all your own. You need to consider the amount of space that you need, the location to be close to work and school, and any special amenities that are necessary to make the place feel like home. Our team is happy to help. We have a few different units available and welcome you to come and take a look at them to see if they will fit your needs. Come and take a look and make our apartments your new home.
