It is a very common idea that most of us will probably choose to own his own house over just renting one. But it may not be the same for all of us because sometimes it is more convenient to do the latter. Why? Renting gives family flexibility especially for young couples who wants to move and transfer places on their own, or if they want to downsize.
If you are renting, you are free to move whenever you want. Maybe the neighborhood is not so friendly, or the place is filled with different kinds of pollution, renting gives you the independence to transfer to a different location.
It is also important to take note of the pricing of the rentals as it varies places to places. An expensive house for rent may be of low-cost in some other places, mostly depending on the status of the location and the nearby amenities. Here, we’ve formulated a summary of things you have to consider when it is your first time to be a tenant.
- The Beginning of Property Search
Before even looking for a house to rent, make sure you are mentally and financially prepared. Property managers like The Locals have certain qualifications for their tenants and his ability to pay rent and maintain the house are the top priorities. You can even prepare the documentations that you will be needing so the conversation between the tenant and the owner go smoothly. Documents like verification of employment and income, identification cards, and utility bills are just some of the most basic things you should prepare beforehand.
- Find the Exact Property to Rent
Significantly, you are renting for a purpose. Whatever that purpose is, make sure it fits with the property you are going to rent. Establish a standard or make a checklist so you can have a productive search. For example, if you have a car, make sure the garage of the place you are going to rent is big enough for your vehicle. Is it near schools for your kids? Or grocery stores? Considering these kinds of questions will help you pinpoint the best house for you and your family.
- Know the Responsibilities of Each Other
Before you close a deal with your soon-to-be-landlord, make sure you are both well aware of the responsibilities of both sides. If possible, having a written contract will protect both sides for breach or abuse.
As a tenant, your number one responsibility is to pay your rent on time. You should also look after the property by keeping it clean and maintained. You should not do any repairs, minor or major, by yourself. Contact your landlord or agent first because if everything goes wrong, you will be the only party that will be accountable. Being nice and considerate to neighbors should also be your obligation. An example of how you can be courteous is by keeping the volume of your appliances down, especially during sleeping times.
As a landlord, the responsibilities they should observe is maintaining the property, deal with electrical or water problems, ensure the house, and more.
- Ending your Tenancy
When your contract is about to expire, you can actually extend it if you want. But should you choose to end your tenancy, there are a couple of things you should do. The first thing to do is, of course, informing your landlord that you are about to leave. Also, you should pay for your unpaid rent and the outstanding balance of electrical or water bills. Typically, before you leave, the landlord will inspect your house to look after broken appliances or furniture. Be present in the inspection and cover all the damages you have caused. Lastly, clean up the house and make sure you have left any of your belongings in it.
- Moving Out
As stated above, balances should be cleared and the damaged things inside the house should be paid accordingly. To avoid such problems, you should have inspected the house initially before you move in and out. Compare the condition of the damaged items now and before you start renting the place. Take a photo when you leave so you have evidence that you have left the house in the best condition because they might blame you if something gets broken in the future, having a picture will protect you.
Inform your energy suppliers that you are about to leave, and try to do a final reading by yourself before you go. Also, notify other suppliers that you are already moving out so they will stop sending bills to your old house.