Smart Tips for Renting a Property

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Smart Tips for Renting a Property

Let’s face it, renting a property comes with  its own  pros and cons. You need to make sure that no damage happens to the property because you do not own it. Renting is a nice option for people who expect to move in a few years or for people who want to get closer to their workplace. Most importantly, you have to be aware of your legal rights as a tenant. You can consider some tips in renting a property just to make sure.

Here are some examples:

  1. Know your history of credit. Out of all people, you must be the one to know your credit history. Bad history includes late payment will literally scare off a landlord. You must understand your responsibilities, ALWAYS.

 

  1. Read your chosen lease cautiously. Everything would turn out great if you read the terms carefully. Lease is the legal contract you can have between you and the landlord for renting their property. If you break the lease, the landlord might keep your security deposit and sue you for the remaining rent balance.

 

  1. Inspect the property again for the last time. There is nothing wrong with making sure again and again. If you and your landlord have agreed upon the lease, you may request to check the property again. You can take pictures of damages you see, like the small holes on the wall and inform the landlord. It is very important to inform the landlord even for the small details. If not, you could be liable for some of the damage because you failed to notify the landlord.

 

  1. Always be on time when paying the rent. This one is on the top list on establishing a good relationship between you and the landlord. There are numerous ways to pay your rent. It can be in cash, electronic transfer, or checks. It is recommended to pay via checks or electronic transfer to have a paper trail to track your money. Always ask for receipts.

 

  1. Retain an attorney if you are having major problems with your landlord. Many landlords harass their tenants especially those who are ignorant but remember that you have rights that cannot be violated by the landlords. Attorneys may be expensive, but they are the ones who can protect your rights in all ways, legally.