Difference between renting a Beacon Hill condo and apartment complex

UTILITIES

Tenant responsible for paying electricity. Owner pays gas, water, and trash in their  condo dues.

PETS

No pet rent. Owner asks for a pet deposit which is refundable if no pet damage.

PARKING

Included (if parking space owned with unit, most condos come with at least 1 space)

EXTRA STORAGE

Included (if storage cage/room owned with the unit)

AVAILABILITY

Within 30 days or less.

RENT

May be negotiable if signing a 2 year or longer lease and/or able to occupy the condo immediately minimizing vacancy for the owner. Based on good credit.

SECURITY DEPOSIT

Same as 1 month’s rent

LEASE RENEWAL

Varies. But If a good tenant in place, most times the owner will choose to keep the rental rate the same.

*****

APARTMENT BUILDING
(All units in the building are rentals)

UTILITIES

Tenant responsible for utilities.

PETS

Most buildings charge a monthly pet rent in addition to the pet security deposit.

PARKING

May cost additional.

EXTRA STORAGE

May cost additional.

AVAILABILITY

More units so sometimes has flexibility if you’re the type who likes to sign a lease 2 months in advance.

RENT

Leasing office may offer a number of weeks free rent based on their occupancy rate and the length of lease you’re signing.

SECURITY DEPOSIT

Leasing office charges a minimal fee to entice you to move in.

LEASE RENEWAL

Rental rate almost always increased at each lease renewal.

*****

CONCLUSION:

If you’re renting while saving money to purchase or trying out the Boston condo lifestyle before making a more permanent decision, and you have the funds to cover a higher security deposit, choosing to lease in a residential building is most of the time the most cost effective option.

We will be happy to help you find a place until you’re ready to shop for your future home. And discuss renting vs. buying to help you determine what’s right for you, right now.

FAQ: Moving to Boston from another state or city

FAQ Boston Condo/Apartment Rental Process

What do I need to bring with me to rent out a Boston apartment/condo

What is a Boston condo/apartment credit check?

What is a Boston security deposit?

Why does it cost more to move into a high rise condo or apartment complex?

What is apartment rental insurance?

How do I break my Boston condo rental lease?

For Boston condo landlords

Boston condos to rent misc questions and thoughts

Updated: November 2018

Question & Answers Regarding Beacon Hill Condo For Sale

Beacon Hill Condos For Sale

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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