Chesapeake Bay Realty, Inc.
3219 E. Joppa Rd.
Baltimore, MD 21234
(410) 529-3333
(410) 529-3347 fax
 
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Should I buy or rent?
The calculator below may assist in answering the question, should you rent or buy.  Please keep in mind, other factors may also affect the ability to rent or purchase.
Rent or Buy Calculator                            

How does the rental process work?
1) Complete an application:

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2) An agent will contact you for additional required information.  Upon completion of the rental application, the credit will be reviewed and information verified, such as place of work and last address, etc.
 
3) Tenant starts looking for a home.
 
4) Upon finding a property, the tenant's application is send to the landlord for review.  After review, the landlord will be presented with the lease.  Sometimes, the application and lease are reviewed by the landlord at the same time.
 
4) At the point of  drafting a lease, usually the 1st month's rent and security deposit are required. (Many times certified funds, money order or cashiers check are requested.)However, sometimes a personal check is acceptable. The form of payment is decided by the landlord.  The real estate agent or real estate managment company simply relay the request of the landlord.
 
5) The agent presents the lease to the landlord, if the lease is acceptable to the landlord, the landlord signs the lease and the funds are deposited.  Once the funds clear and the property is ready for occupancy, the keys are exchanged and the tenant moves into the property according to the lease term. 
 
6) Congratulations, you are in your new home.  As a reminder, be sure pay your rent on time as it may help you when the time comes to purchase your own home. 






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