The choice between renting or buying a house is often difficult, not to mention all the factors that come into play such as finances or family situation. The rental is primarily for those who change places often, those who are trying to save money to buy a house soon or those who are moving for the first time. No matter what your situation, your budget or your lifestyle, here is a list of the 10 most common mistakes that every tenant should try to avoid.
Do not read the lease
The lease is a simple contract between you and your landlord in which the rights and obligations of each party are explicitly described. Even if you have rented in the past, be aware that not all leases are the same, so read this carefully.
Reading the lease is even more compelling when you rent a condo, because it is often in the lease that you find the requirements and special rules that your landlord wants to impose. By reading your lease before signing, you make sure you do not have to pay extra fees or fulfill requirements that you did not know about.
In short, your rental experience will be more enjoyable if, from the beginning, you are aware of all the details.
Do not ask questions
Immediately after reading your lease, you must ask all the questions that come to your mind. You do not want to postpone this step and run the risk of forgetting some of them. As mentioned above, each lease is different, hence the importance of clarifying all the details in the beginning of the lease. Here are some things to keep in mind:
- The rental price and possible price increases
- The deposit
- The cost of utilities such as water, electricity, heating
- Relationships / problems with neighbors
- The policy regarding the possession of animals
- The terms of the lease
By creating a good relationship with your landlord from the start, you make sure you have support if ever an emergency occurs. By asking a few questions, you will make sure you make a good final decision.
Do not take the tenant’s insurance
An insurance policy that protects your personal assets is an indispensable part of your rental. Your landlord may have insurance that covers damage to the building in case of fire or flood. However, this insurance does not cover any property you own. Therefore, you must have personal insurance to avoid economic losses that could cause a fire for example.
Also, some homeowners, before renting the apartment, will require you to have insurance. Even if yours does not require it, it is strongly recommended to get one to protect your assets.
Do not document damage during the rental
When you rent an apartment or a house, you pay someone to let you occupy his property. Therefore, if there is property damage, you will be responsible and will be responsible for the costs. It is therefore very important to document or take pictures of all existing damage when you move in. For example, if you forget to tell your landlord about existing problems, you may have to pay the repair costs when you move. Also, if there is damage to the move, the landlord may retain your security deposit.
Do not search enough
Even if you think you have found the perfect place, do not sign your lease before doing a little research. Of course, renting is not as serious a commitment as the purchase of a house, but that does not mean that the condition of the building or its location must be neglected.
Do some research to find out what are the prices of other accommodations in your area, avoid scams. Also, take a tour of the neighborhood and make sure you have everything you need: a grocery store, a bus station, a metro station, etc.
Do not move to a place that does not suit your needs. Do some research and choose what suits you best.
Sign a restrictive lease
This sixth point underscores the importance that must be attached to reading the lease. Under no circumstances should you sign a lease that will prevent you from doing certain activities that you have planned.
For example, do not sign a lease that forbids you to sublet the apartment, while you plan to leave in exchange or leave to travel. Do not sign a lease that prohibits the possession of animals, when you really want to have them. Do not sing no more a lease that forbids you to have guests, while your friends will visit you often.
Even if it is a rental, it will still be your home, so do not sign a lease that does not suit you.
Do not visit the neighborhood
When moving to a new neighborhood, it is important to visit it to make sure it meets your expectations and suits your needs. Also, ask your loved ones what they think about this neighborhood, what are their opinions. You do not want to sign a lease and realize, a few days later, that the neighborhood displeases you.
Paying too much rent
The quality of your rent will depend on the price you pay. However, do not waste all your savings on an apartment. Do your research, ask your loved ones and make sure you pay the right price for the apartment you rent.
Do not do your apartment search together
If you are moving with your other half or with a roommate, it is of course desirable to visit the apartments together. However, some do not stay in the market for a long time, so you have to act quickly. If you decide to wait for the other person to visit the apartment, it may be already taken. If you can not visit the apartments together, visit them separately, but do not forget to make the final decision together.
To be careless
Even if you rent the apartment, you must take care of it as if it were yours. If you are careless and careless, you may be paying for the costs of the move. Your landlord has the right to charge you for repairs or cleaning .
The rental is an excellent opportunity to try to live alone, with a sweet half or with a roommate, without necessarily engaging too seriously. On the other hand, even if you do not buy the apartment, that does not mean that your decision should be unthinking. Follow our tips and avoid the mistakes above so that your experience is as enjoyable as possible.