Many people are not aware of the real estate industry. First-time tenants fall into the trap with the juicy words of the apartment owner. As a first time occupant, you may look at the apartment size and interior design that is suitable according to your pocket. But there are some factors that you have to consider so that you can live peacefully, at least for some agreed time.
Take the pain to read the complete rent agreement before signing it:
Reading the agreement is a tedious task. Many people consider it as a wastage of time. You never know what the landowner may forget to disclose to you or may intentionally skip it.
Take some time out to read the single word on the agreement. Raise the concern on the clauses that are not suitable as per your needs or better look for another option.
Inspect the property yourself:
Can you marry a person without meeting them? Probably not! Similarly, never finalize the property by having them look at the brochure and the images you find at the websites. How do you make sure that the pictures are genuine? Visit and inspect every corner of the house yourself.
Also, say not to the representative. Eventually, it’s you who have to pay rent and utilize the services.
Check the damages in the house:
Are you ready to spend a hefty amount of money on maintenance and repairing of the apartment or agree to compromise with the security deposit? Both the scenarios can take a toll on your pocket.
Carefully check any damage to the property and raise the concern before finalizing the deal.
Are you aware of the surroundings?
It’s not only the beautiful apartment that matters. Check the nearby areas. Is the required utility available in proximity, how is commuting and public transport services there? Also, check the crime rate, and do you found the environment peaceful and enjoyable.
Ask for other charges:
Spending a small amount of extra bugs can impact your budget. Always ask for the other charges except for the basic rent like electricity bills, gas, water, parking, or any maintenance charges that you have to pay.
Kris Thorkelson, the founder of My Place Realty, a property management company, has experienced this problem of tenants countless times. Kris Thorkelson and his team make sure that every tenant gets to read the entire contract and makes sure that they know each and every detail mentioned in the documents to avoid any inconvenience in the future.
Many first time holders do not consider other charges that they have to pay other than rent. Always ask for clarity on the extra amount and the rough estimate of the total rent that you need to pay.