Should You Renew Your Lease? Here’s How to Decide

Should you stay or should you go? If you are currently renting a home, you may be pondering this very dilemma. Thankfully, the decision doesn’t have to be complicated. Take a look at our 12 questions to ask yourself before renewing your lease with a current rental.

12 Questions to Ask Yourself

Is your landlord responsive and trustworthy?

Does the rental rate work for your budget?

Can you afford to move out?

Do you have another place to go?

Do you like your roommates?

If you move out, will you be leaving your roommates high and dry?

Is your neighborhood safe?

Do you need access to parking?

Is your landlord raising the rent?

Can I afford something better?

Is leaving worth the hassle of moving?

Does this rental still fit your needs?

Not renewing your lease?

  • Make sure you give your landlord proper notice. Review your lease for termination details. If you decide not to renew your lease, you may need to give your landlord at least 30 days notice so they can find a new tenant.
  • Follow these steps to get your security deposit back as soon as possible.
  • Ask these questions before signing a new lease.

A few things to consider when choosing a new rental

  • Budget – How much can you reasonably afford? When figuring out your budget, don’t forget to factor in other daily expenses such as groceries, dining out, gasoline, car payments, etc.
  • Amenities – Consider the rental’s amenities and how well they suit your lifestyle. Examples include whether or not the rental has an elevator, door man, security, a gym, appliances, etc.
  • Pet policy – Do you have a pet? Make sure to check the rental’s pet policy if you own a dog or cat. Many rentals will make tenants pay a pet deposit. They may also have certain weight limitation for pets.
  • Lease specifics – Read the lease carefully before signing it. It’s also a good idea to have a lawyer or Realtor review it.
  • Neighbors – Have you met the neighbors? If you’re seeking peace and quiet, don’t live next to a frat house. If you tend to throw parties and socialize, make sure your neighbors aren’t in bed before 9 p.m.
  • Landlord – Is the landlord easy to reach? Make sure the landlord is responsive to his or her tenants’ needs before signing a lease.
  • Roommates – Meet the new roommates before signing a lease. While you don’t need to be best friends, you do need to be somewhat compatible with your roomies.
  • Work commute – Is the rental located close to your work? Is transportation easy to access? Make sure it’s relatively easy to get to work from the new apartment.

Moving out?

If you’re ready to leave your rental, make sure to hire the right moving day pros for the job. To find a trustworthy moving company, check out Moving.com’s extensive network of reputable and reliable movers – all licensed and insured. By choosing a Moving.com mover, you can rest assured that your move will be in good hands.