Real Estate

Tips to help a first time renter

Are you planning to move out of your parents house and get a new home that is just for you? This is an exciting step in anybody’s life. We all have sentimental memories attached to our first homes. So, if you are on the verge of renting your first home, and if you do not have enough experience in this area, here are a few tips that will help you. First of all, do not at once accept the rent amount of the property. There is a good chance you will be able to reduce the rent amount set by the landlord if you do some negotiations skillfully. So make sure that you brush up on your negotiation skills before you look to rent.

The next important thing is awareness of your rights and obligations. As a tenant you have rights that are bestowed upon you by the law. So you need to know what are the legislation pieces that are applicable to renting and read them in order to know what your rights are as a tenant. Once you understand your rights it helps you in the negotiation process with your landlord as well.

The location is very important when you select a rental property for the first time. Make sure you choose a safe and welcoming neighborhood. Many tenants go for Bribie island real estate rentals because the area is so residential and family friendly. It is also important that as a tenant, you read the rent agreement well. Even if you have a verbal agreement with the landlord, it is always practical and effective to have a written rent agreement as it clearly defines the rights and obligations of both parties. Read it carefully clause by clause before signing, so that you know exactly what you are getting into.

Another important thing any first time renter should be aware of is the maintenance of your rented property. When you are occupying the space, you need to know what kind of changes you can make and can’t make. So before you go around making a major change to your living space make sure that you obtain permission from your landlord. This doesn’t mean that you have to keep and use the rented property as it is. There may be so many creative ways you can customize and decorate the space without actually offending your landlord.

When you are renting a property you are required to pay a security deposit upfront. This amount is mostly the total of 3, 6 or 12 months’ rent of the property. The amount changes according to landlords, property value and rent agreements. So make sure that you get this security deposit back when you are actually leaving from that place and when the rent agreement has come to an end. You may not be able to claim the full amount back if you have caused any damages to the property. Your security deposit will then be used to repair those damages and you will be left with the amount that is left from the total after deducting the cost accrued for the damage repair.

Tags:

Comments are closed.