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The Top 5 Things You Should Know About Leasing in North Dallas
Many of our clients are surprised to find out how strong the North Dallas rental market is. With the explosive growth that is taking place in our city we find that there is a large demand for rental properties and very little supply, making the rental market very competitive. Here are the top five things you should know before leasing a home.
1. When can I start my search? While you may need to give a 45 or 60 day notice with your current landlord, we recommend that you start your search no more than 30 days from your anticipated move date. In the current market landlords will not hold properties for more than 30 days for a prospective tenant.
2. Can I lease if I have bad credit? The answer is absolutely however, it will come at an increased cost. The typical security deposit with good credit is equal to one month's rent. If your credit falls below the median 620 you may be subject to a double or the rare triple security deposit. This means on a home that rents for $1200 per month your security deposit would be between $2400-$3600.
3. How much will it cost to lease ... more

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