what does it mean when a apartment says 675/person

2 min read 22-01-2025

what does it mean when a apartment says 675/person

Finding the perfect apartment can be exciting, but sometimes the listings throw curveballs. One common confusing point is when an ad states a price like "$675/person." This article breaks down what this means and helps you avoid misunderstandings.

Understanding the "/Person" Pricing

When you see "$675/person" in an apartment listing, it signifies that the advertised rent is divided among the occupants. This isn't the total rent for the entire apartment; it's the cost per person living there.

Example:

Let's say the ad shows "$675/person" and the apartment is a two-bedroom. This means:

Total rent: $675/person * 2 people = $1350 per month.
Your share: $675 per month.

What to Look for in "/Person" Listings

While "/person" pricing can seem like a deal, it's crucial to carefully consider the following:

1. Number of Occupants:

Confirm the maximum number of occupants: The listing should clearly state how many people the rent is split between. If it's unclear, contact the landlord or property manager for clarification.

2. Total Rent Calculation:

Calculate the total monthly rent: Multiply the price per person by the number of occupants. This gives you the true cost of the entire apartment.

3. Roommates:

Coordinate with potential roommates: If you're not already living with someone, find reliable roommates you can trust to pay their share on time. Consider creating a legally sound roommate agreement.

4. Lease Agreement Details:

Thoroughly read the lease: Ensure that the "/person" pricing and the total rent are explicitly stated in the lease agreement. Verify responsibilities for utilities, deposits, and other fees.

5. Utility Costs:

Inquire about utilities: Often, the advertised rent doesn't include utilities like electricity, water, gas, or internet. Ask the landlord how utilities are handled and if they're included in the rent or if there's a separate bill.

6. Individual Leases vs. Joint Lease:

Understand the lease structure: Is it a single lease for the entire apartment, or are there individual leases for each person? Understand the implications of each for your legal and financial responsibility.

Advantages and Disadvantages

Advantages:

Lower monthly payment for you: Your share of the rent might be more manageable than the total rent if splitting with roommates.
Finding roommates: This pricing model can attract potential roommates more easily.

Disadvantages:

Roommate conflicts: Living with roommates can lead to disagreements about cleanliness, noise levels, and shared expenses.
Financial responsibility: You're responsible for your share of the rent, regardless of whether your roommates pay theirs.
Uncertainty: Unless specified, utilities might not be included and additional costs could arise.

Conclusion: Clarity is Key

"$675/person" indicates a rent split amongst several occupants. It’s essential to clarify the specifics with the landlord or property manager before signing any lease. Calculate the total rent, discuss utility costs, and carefully review the lease agreement to avoid misunderstandings and ensure a smooth rental experience. Remember that while this pricing model can offer affordability, it's vital to manage the risks associated with shared living.