Tips and Expectations
The home rental market in the Newport Beach area is very similar to the home sales market. If a property is priced well, and in good condition, then it will rent quickly. Often times, renting a home can be a multiple offer situation.
What to Expect when Renting a Home in Newport Beach, California
Your Newport Beach Realtor will be able to assist you with finding homes or condos for lease, and set up showings for you.
You will be provided with an Application to Rent. Your Realtor will provide this along with some initial disclosures. The Application to rent is submitted along with your credit report (some landlords run it for you, and some allow you to run it yourself. The landlord or property owner will review the application(s) and select the best candidate based upon credit. You can expect the following:
- Expect to fill out a Rental Application.
- Expect to have your credit history pulled.
- Expect to put down First Month’s Rent and a security deposit (typically equal to one month’s rent depending on credit).
- Expect your options to be limited if you have a pet(s), especially if they exceed 15-25 pounds.
Once your application is selected, the Landlord will prepare the lease, and your Realtor will review it with you. The lease is signed, and typically the initial security deposit and first month rent are paid.
Prior to moving in, your Realtor will do a walk through with you, and prepare the Move In form which will be submitted to your landlord. This Move In form documents the property condition.
If you are looking for a home to rent in Newport Beach, please fill out the following form and we can assist you with finding you the property you are looking for.