7 Important Facts That You Should Know About Rentals

Here are 7 important facts about property rentals:

1. Understanding Lease Agreements: Lease agreements vary by location and property type. Make sure to read and understand the terms before signing.

2. Security Deposits: Security deposits are usually required to cover damages. Ensure you know the deposit amount and how it will be returned.

3. Renters’ Rights: Familiarize yourself with local renters’ rights, such as eviction procedures and maintenance responsibilities.

4. Property Maintenance: Know who is responsible for maintaining the property, including repairs and upkeep.

5. Rent Increases: Understand how rent increases are handled and how much notice you’ll receive before a change.

6. Subletting: Check if subletting is allowed and what the process entails.

7. Insurance: Consider renter’s insurance to protect your personal property and liability.

 

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Comments

  • Williams Arkwright
    22/10/2018 3:52 pm

    If you own a house, is it financially more sensible to rent it out and rent a cheaper apartment instead of living in it?

    Reply

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