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Leasing Details - Burlington Apartments

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The document is a rental application form for prospective tenants applying to rent an apartment managed by Frank B. Haddleton or Ponds End Corporation in Burlington, Vermont. It outlines the application process, required information such as personal details, employment status, financial information, and references. Additionally, it includes a co-signer addendum for applicants whose income may not support the rent. The document emphasizes the need for a $100 deposit with the application and provides instructions for submission.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Is leasing an apartment cheaper than renting?

Stability: Long-term lease agreements provide stability for tenants. Cost-effective: Leasing can be cheaper than renting over the long term.

What is the minimum lease for an apartment?

The most common terms for a short-term lease are six months or three months. This lease length is ideal if youre working or studying in a new area for a short period of time. For those looking for a longer-term approach, some apartments also offer 18-month leases or even two-year leases.

How can I find my apartment lease?

If you cannot find the lease information, contact your landlord/property manager via Messenger and ask them to share the lease with you. Your landlord/property manager can share a lease with you or require you to sign an agreement. If the lease is shared, no further action from you is required.

Is it cheaper to rent or lease an apartment?

Renting, especially on a short-term basis, can sometimes come with higher monthly costs due to the increased flexibility it offers the landlord. For instance, a studio apartment for rent on a month-to-month basis might be more expensive per month than the same apartment under a lease agreement.

How does a lease work in apartments?

Leases can be verbal agreements but are usually drawn up in writing. Both parties agree to the terms of the lease, including the rental amount, length of time for the contract, as well as any consequences that may result if either party doesnt uphold the terms and conditions of the contract.

How much salary to afford $1500 rent?

Next, just divide your rent by the percentage youve picked (but remember to convert it to a decimal). So, if youre hoping to pay $1,500 a month and stick to the 30% rule, youd do: $1,500 / 0.30 * 12 = $60,000. Bingo! Thats how much youd need to earn each month to swing that rent.

Can I afford an apartment making $2000 a month?

Keep in mind that in order to move out, you need to find a place to live that will cost no more than 1/3 of your average monthly wages. That means that if you earn an average of $2000 a month, your rent, ideally should be no more than $667 a month.

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