Things to Remember Before Renting a House

​More and more people have considered house rental as an alternative investment. But before having your property rented to a tenant, it is essential to understand how the arrangements are communicated, and contracts signed. As a tenant, you should look ahead and anticipate what is needed before settling in. Here are essential things to keep in mind before renting your new home:

Prepare All the Necessary Paperwork and Review New Documents
When you inquire for a place to rent, make sure to ask about the requirements that the landlord may want to see. Even when your potential leaser would not insist, it is better to show them that you are responsible and credible enough as a tenant. Requirements that are needed include any proof of identification, billing statement, and occupational status. Your potential landlord could gauge how trustworthy you are as a tenant. 

Once you present your credentials and submit the requested requirements, the landlord would hand you a copy of the lease contract. The provisions and rules in a lease contract are often negotiable depending on the leaser. So review the agreement and communicate your concerns or suggestions as soon as possible. Anything that is orally communicated should be documented on paper to seal the deal officially. It also serves as a concrete reference of the agreements made between both parties.

Communicate Any Problems, Recommendations, and Requests to the Leaser
It is essential to talk about the items in the lease contract that you would like to change or improve, as well as things that may lead to problems arising such as broken furniture or water leakages. While it may sound bold, asking the landlord to renovate the house is generally acceptable if there are critical damages to the house. Below are other concerns that need to be discussed:

• Tenant’s Rights to Privacy.
• Tenant’s Rights to Minor Repairs.
• Schedule of inspections if applicable.

Secure Yourself Over Financial Matters between You and Your Landlord
Will the landlord accept flexible terms of payment? Delayed deposits? Future costs on repairs? Renter’s insurance? These are some of the financial concerns that you should bring up during the discussion. Home insurance is essential to avoid unnecessary conflict between you and your landlord over a problem caused by unforeseen factors. Home insurance covers the costs needed in repairs due to scenarios such as break-ins, severe weather conditions, or property damage by neighbors or animals.

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