Before renters sign their lease, they may want to know what additional fees they’ll be responsible for. Fees can vary depending on the terms outlined in the lease agreement and local rental regulations. Some common fees they may encounter include a security deposit, rental application fee, pet fees, maintenance fees, parking fees, and lease renewal fees. 

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Your home’s assessed value (the value assigned to a property for tax purposes by a municipality) is different from its market value (the price at which a property would sell in a competitive market). While professional appraisers calculate the assessed value, buyers and sellers impact the market value. In a buyer’s market, for example, buyers might make a lower offer than the home’s assessed value. But if it’s a seller’s market, there’s a chance a seller’s home’s market value will be more than its assessed value because if there’s low inventory, buyers will sometimes pay more for what the home is actually worth.