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FREQUENTLY ASKED QUESTIONS

for Leasing Residential Real Estate in Austin, Texas

  • What types of properties are available for lease in Austin?
    Apartments, houses, townhomes, and condos
  • What is the average cost of leasing a residential property in Austin?
    Apartments: Prices can range from $1,100 for a one-bedroom to $3,500+ for larger units. Houses/Townhomes: Typically range from $2500 to $6000+ depending on size and location. Condos: Can vary significantly depending on location, building amenities, etc.
  • What is included in a typical lease agreement?
    Monthly rent, security deposit, pet policies, occupancy policies, maintenance responsibilities, lease duration, and termination conditions.
  • How long are lease terms typically?
    Commonly 12 months, but shorter or longer terms may be available.
  • What are the requirements to lease a property in Austin?
    Generally includes a completed application, proof of income which is generally monthly income that is 3x the cost of the monthly rent, a credit check, rental history, and a security / pet deposit.
  • Are pets allowed in leased properties?
    Many properties allow pets but may have breed or size restrictions and require an additional pet deposit or monthly fee.
  • What are the key neighborhoods for leasing in Austin?
    Downtown, South Congress, East Austin, Zilker, Bouldin, Hyde Park, Clarksville, Oak Hill, SW Austin, South Austin, Hyde Park, Crestview, Allandale.... the list goes on
  • What should I know about the leasing process in Austin?
    Be prepared with necessary documentation, understand your lease terms, and inspect the property before signing the lease.
  • Are there any specific laws or regulations for leasing in Austin?
    Governed by Texas state landlord-tenant laws, which cover security deposits, lease terminations, repairs, and tenant rights.
  • Can lease terms be negotiated?
    Typically more rigid, but you can sometimes negotiate lease length, rent price, or included utilities.
  • What happens if I need to break my lease?
    Early termination clauses vary; you may need to pay a penalty or find a replacement tenant.
  • Who is responsible for maintenance and repairs?
    Landlords typically handle major repairs, while tenants may be responsible for minor upkeep and reporting issues promptly.
  • How do I renew my lease?
    Landlords usually provide renewal options a few months before the lease expires, with possible rent adjustments. Feel free to ask if you need more specific information or assistance with leasing in Austin!
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Compass KEEP Real Estate Team

2500 Bee Cave Rd. Bldg 3, Ste 200

Austin, TX 78746

​​(614) 634-3065

liz.cushing@compass.com

KEEP Real Estate under Compass

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