Abba LLC

Abba LLC

Common Questions

LEASING INFORMATION

Here are some things you’ll need when you sign your lease:

1.A form of identification - Valid U.S. driver’s license or passport
2.A payment method for the security deposit and first months rent - cashiers check or money order.  Send in two checks - one for the security deposit, and one for the first months rent and any fee. They must be on separate checks.

WHEN IS MY PAYMENT DUE? 

Payment is due on the first and considered late on the second of the month.  Any  payment received after the 5th of the month will be charged late fees.  When signing your agreement you agree to pay a late fee of 10 percent of the monthly rent, or 10 percent of the unpaid balance, whichever is less. Payments received after the fifth day of the month, REGARDLESS OF WEEKENDS, HOLIDAYS, OR POSTMARK are considered late.  Please be aware that we are unable to waive late fees and ask that all payments be paid on the first of the month.  Payments are posted to the account on the date the payment is physically received.  If you are mailing a payment, please allow for mailing time and any postal delays.  Payments should be legibly labeled with your name, address and telephone number. IF A PARTIAL PAYMENT IS RECEIVED, THE LATE FEE POLICY WILL AUTOMATICALLY GO INTO EFFECT.

Why Renters Insurance is  Necessary

Whether you're a first time renter or a rental champ, you need renters insurance. A good property manager will strongly recommend it..

Yes, we know - we've heard all the arguments: “I won’t need insurance,” “it’s too expensive” or the untrue “my belongings aren’t worth anything." Here's why just a few dollars a month could be a huge safety net.

Take a look around your home. Electronics, computers and their hefty price tags stand out, but add in your clothes and furniture (mattresses are expensive!) and you'll be surprised at how much important "stuff" you have. Moreover, the cost of replacing all of these items out of pocket would be incredibly stressful.

It's Not All About You

Also, it's not just about your stuff either. Remember, you're living in a home owned by someone else. While you might think your personal property isn't worth much, renters insurance also covers your liability on your space. A tiny leaky frozen pipe in a cold house can create structural damage throughout an entire building. Your landlord won't cover the repair expense if your actions (or inaction) caused the problem.  (Also, yes, keep the heat on when you leave in the winter!)

Life Goes On

We've determined renters insurance covers your stuff, other people's belongings, and repair work, should you need it. It will also cover the expenses of having to live somewhere else (like a hotel or temporary housing) if your space isn't inhabitable due to damage (whether it was your fault or not). Work and school will go on regardless, right?

It Was Just an Accident

Lastly, renters insurance covers guest damage or accidents. Accidents happen, and you can get help on paying for a broken window caused by that golf-crazy neighbor or if Grandma trips on the stairs and breaks her leg. You don't want to have to pay for these accidents yourself if you can prevent it.

The Bottom Dollar

How much is it going to cost you, per month? About the cost of a decent burrito and drink, if you add in the extra guac. On average, a policy covering $10,000 in personal property and $100,000 of liability usually costs between $120 and $200 annually. You can also get a "bundled" deal depending on your insurance company. Your auto policy can be attached to rental insurance.

Finally, we require proof that you have an insurance policy, but some don't. Don't make that the deciding factor though! Hopefully you'll never need it, but if you do, you'll be relieved you decided your "not important" belongings were worth a few dollars a month.