Millions of Americans choose to rent their home or apartment each year. It is one of the easier processes and offers a wide range of benefits. However, renting isn't always so glamorous. There have been many myths spread throughout the years when it comes to renting. Which ones have you heard? In this article, we unlock some of the common myths and truths you should know when it comes to renting.

You Have To Have Insurance

The first myth you may have heard is that you have to have Renters Insurance Georgia. This is simply not the case. It is not required by law for you to have renters' insurance when moving into a rental property. So, you should certainly consider it. This is because renters' insurance offers you greater protection against loss. If you could not afford to replace your property, insurance would be the best option.

You Aren’t Liable For Any Damages.

While you may be under the impression that you are not liable for any damages, you would be incorrect. True, you don't need to make repairs such as a leaky faucet or replacing a water heater. But, that doesn't exclude you from having to repair damages that you do to the property. This includes putting holes in the wall for hanging pictures or accidentally breaking a countertop or cabinet. You are liable for these things and will likely have to pay for them upon moving out.

You Can’t Rent With A Bad Credit Score.

Most people are under the impression that you won't be able to rent a property if you have poor credit. This is simply not the case. So, credit is something landlords will look for; but it may not exclude you from securing a place to live. They may require a greater down payment from you. However, it could be an unfair practice to require more than first, last, and security deposits. While renting, it’s a good opportunity to boost your credit score and prepare for buying a home if that is something you want to do.

Final Thoughts About Renting

When it comes to renting, there are tons of benefits. You don't have to worry about repairs, and you can pick up and move as soon as your lease is up. That being said, there are tons of myths surrounding renting that simply need to be addressed. If you are concerned about your rights as a renter, take action and do some research online.