Here’s What People Are Saying About Rentals
- 18/10/2018
- Rentals
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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.
If you own a house, is it financially more sensible to rent it out and rent a cheaper apartment instead of living in it?