Moving into your first apartment is an exciting step. Whether you're heading off to university, relocating for work, or simply looking to make a new home, here's everything you should know to feel confident navigating the rental market in Alberta.
Getting Familiar with Your Lease
In Alberta, rental agreements typically come in two varieties: fixed-term leases and periodic (month-to-month) leases. A fixed-term lease offers a set timeframe, providing consistency and security. A periodic lease, on the other hand, gives tenants greater flexibility for shorter stays or uncertain timelines. Whichever lease you choose, it's essential to read through it carefully. Look for key details such as rent amounts, payment deadlines, pet policies, included utilities, and terms around subletting or terminating the lease.
Security Deposits and Move-in Inspections
When you rent in Alberta, landlords can request a security deposit (also called a damage deposit), but it's limited by law to no more than one month's rent. This deposit serves as protection against damages beyond normal wear and tear. To ensure fairness, conduct a thorough move-in inspection with your landlord and document the condition of the unit carefully. Repeat this walkthrough when you move out to help avoid disputes over the deposit.
Know Your Rights and Responsibilities
As a tenant in Alberta, your rights are protected by the Residential Tenancies Act. You have the right to privacy—meaning your landlord must give at least 24 hours' notice before entering your home. You’re also entitled to a safe, clean, and well-maintained living environment and proper notice if the landlord decides to end your tenancy.
Alongside these rights come tenant responsibilities. Paying rent on time, maintaining a clean living space, respecting neighbours' peace, and promptly reporting necessary repairs are all important parts of being a responsible tenant. Balancing these rights and responsibilities will lead to a much more enjoyable rental experience.
Choosing the Right Apartment
Selecting an apartment that suits your lifestyle is key. Consider what matters most to you—proximity to schools, transit, work, or amenities like parking and laundry facilities. Are pets part of your household? Knowing your preferences and requirements will simplify your apartment search. Whenever possible, view potential apartments in person or ask for virtual tours and detailed photographs to ensure you're happy with your choice. Ayre & Oxford manages conveniently located properties such as Clarence Arms, situated close to popular shopping destinations like West Edmonton Mall, and Whyte Manor, which offers easy access to both the University of Alberta and Hawrelak Park.
Budgeting Wisely
It's important to remember that your rent isn't your only monthly expense. Budgeting for utilities such as electricity, heat, water, internet, and renters' insurance is vital. Some leases include certain utilities, while others do not, so confirm exactly what's covered in your rental agreement. Preparing a clear monthly budget will help you manage your finances effectively and avoid unexpected bills.
Ask Questions
Renting in Alberta can be straightforward and enjoyable when you're well-informed. At Ayre & Oxford, our team is dedicated to supporting tenants throughout their rental journey. Whether you need clarification on your lease, assistance finding the ideal apartment, or answers to general rental questions, we're here and happy to help.