Thursday, October 20, 2011

Curious Question

When looking over your lease for an apartment, some of the phrases may be new to you. One that we get asked about is a re-letting charge. Using the Texas Apartment Association's definition, a re-letting charge is a sum of money or percentage of the rent that is agreed to cover the property owner's costs of finding another acceptable resident if you move out before the end of your lease term. Good to know!