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)

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.

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Contact me to find out more about this property or to set up an appointment to see it.

John Ford, Broker
realtyford@yahoo.com
Janet Lamb, Vice President
lamb.janet@yahoo.com
Ford Realty
137 Charles Street
Boston, MA 02114
(617) 720-5454 (9:00 – 5:00 EST)
(617) 595-3712 (On Call Broker After Hours)

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