Individuals will at one time or another need to lease a residence as they await acquiring their own properties. The process of renting a home is one that will require each person to be armed with information on the best way to go about this. When it comes to rental homes the agreement signed by both parties will often be legally binding and both parties therefore need to ensure that they stick to it.
It will be essential to have a tenant carry out his research in advance. The main aim of this research will be to establish what you can afford, and what you cannot. You have to use this information during the actual search process.
Always be well versed on the hidden costs. In addition to paying for the rent and the deposit, the agent representing the landlord may ask you to part with money to be used in performing the credit search. Admin fees may also be added here.
Each contract always comes with its own terms and conditions. It is therefore your duty as a client to confirm that you have gone through all the details before signing it. Once you append your signature, it automatically becomes binding and you now have to stick to all the clauses.
A property has to be maintained on a regular basis. In many cases, the landlord has to take care of all the maintenance issues. However, you may need to first record the state of the home, prior to moving into it, in order to determine whether it is regularly maintained or not.
Have your agent provide you with details on whether he will be charging you renewal costs every time your lease is up. Seeking to renew a lease, or have it extended may attract a set of renewal costs. You need to make certain that you check out all the costs that are associated with your lease.
Each tenant will need access to utilities. In a home that has not been used for a while, the utilities may be disconnected for nonpayment. You may therefore have to negotiate with the landlord to keep them running until you move in so that you do not have to part with any money to have the utilities reconnected.
Understand what a break clause is, and how it affects your lease. If not sure on how it applies, it will be best to have the agent explain it to you. In his explanation, ensure you understand how it can be used by both parties.
Make inquiries on how your deposit is going to be protected. There are about three government approved tenant deposit protection schemes. You must make certain that your money will be kept in of these three schemes. Even though your agent may take the money, it will be responsibility of the property owner to ensure that all deposits are protected.
Clients have to make sure they take an inventory of all the items that are currently present in the rental home. In addition to recording what is available, make it a point to also record the condition of each item. It is best to ensure the landlord is provided with a copy of this inventory, for comparison purposes.
It will be essential to have a tenant carry out his research in advance. The main aim of this research will be to establish what you can afford, and what you cannot. You have to use this information during the actual search process.
Always be well versed on the hidden costs. In addition to paying for the rent and the deposit, the agent representing the landlord may ask you to part with money to be used in performing the credit search. Admin fees may also be added here.
Each contract always comes with its own terms and conditions. It is therefore your duty as a client to confirm that you have gone through all the details before signing it. Once you append your signature, it automatically becomes binding and you now have to stick to all the clauses.
A property has to be maintained on a regular basis. In many cases, the landlord has to take care of all the maintenance issues. However, you may need to first record the state of the home, prior to moving into it, in order to determine whether it is regularly maintained or not.
Have your agent provide you with details on whether he will be charging you renewal costs every time your lease is up. Seeking to renew a lease, or have it extended may attract a set of renewal costs. You need to make certain that you check out all the costs that are associated with your lease.
Each tenant will need access to utilities. In a home that has not been used for a while, the utilities may be disconnected for nonpayment. You may therefore have to negotiate with the landlord to keep them running until you move in so that you do not have to part with any money to have the utilities reconnected.
Understand what a break clause is, and how it affects your lease. If not sure on how it applies, it will be best to have the agent explain it to you. In his explanation, ensure you understand how it can be used by both parties.
Make inquiries on how your deposit is going to be protected. There are about three government approved tenant deposit protection schemes. You must make certain that your money will be kept in of these three schemes. Even though your agent may take the money, it will be responsibility of the property owner to ensure that all deposits are protected.
Clients have to make sure they take an inventory of all the items that are currently present in the rental home. In addition to recording what is available, make it a point to also record the condition of each item. It is best to ensure the landlord is provided with a copy of this inventory, for comparison purposes.
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