Owning a residential property is a dream of many people around the world. It involves many obligations, with considerable financial costs, and the purchase and maintenance of real estate is a long and stressful process.
There are few countries where almost all households live in their own homes. Reality shows, however, that many people in the world choose to live for rent. In many countries, renting property is more common than ownership. This is due to many factors such as people’s psychology, lifestyle and people’s work patterns, some of which often have to change the place they inhabit due to work commitments.
Also, many people live on rent because they can not afford to buy a home. Some prefer to live on rent as they arrange their finances or raise enough money to allow them to buy a home.
The International Business Times offers seven recommendations to consider when hiring a residential property. Look at them
1. Make all аrrangements in writing
At best, you need to sign a rental agreement with your landlord. This is a legal document. It must clearly state all the conditions under which you rent the dwelling. In particular, it must contain the monthly rental amount, the amount of the deposit you pay before you rent the dwelling and the period for which the contract is concluded.
The contract also sets out your rights and obligations as a tenant, as well as the rights and obligations of the lessor to you (the lessee).
In some cases, it’s a good idea to sacrifice some money to consult a lawyer about the text of the contract to make sure you do not sign any unilateral or incorrect agreement.
2. The Deposit – know your rights!
There are many cases where tenants turn out to be incorrect, do not pay their rent regularly, or refuse to pay at all, delay or pay their electricity, water, and so forth bills.
Similarly, there are incorrect landlords who delay or do not return the original deposit at all, citing a number of arguments.
Ultimately, this issue can become a problem point between a tenant and a landlord. For this reason, the agreement must specify the specific terms and conditions within which the landlord is obliged to reimburse the deposit.
In the same way that the landlord may impose a penalty for overdue rent, you must ensure that he is required to pay you a penalty in the event of a delay in returning the deposit you have paid, advises the publication.
3. Termination of the contract
One of the advantages of hiring a property is that it allows flexibility. Today’s job opportunities require some mobility and freedom to move around in different parts of the country or abroad. No one would like to be tied to a dwelling because of the way the contract is being drafted and to miss a better career opportunity.
Make sure you understand the conditions for terminating the contract and that they are reasonable. On the other hand, if you do not use the property for a certain period of time and do not want to miss it, understand and agree whether you have the right to hand it over to a relative or friends. In that case, you will be able to keep the dwelling and the conditions, but you will not have to pay for a period of absence.
Not all landlords are inclined to more flexible conditions, so it’s a good idea to make sure you agree in writing with a specific text in the contract.
4. Maintenance and repair
Each property suffers from depreciation and destruction due to daily exploitation and natural and atmospheric influences.
Agree and explicitly state who for what repairs and what kind of maintenance of the property is responsible, respectively you and the landlord. What happens if the electrical panel is to be repaired or there is a flood in the bedroom? Who assumes responsibility (and costs) if the blame is yours or your neighbors?
The rights and obligations of each party must be clearly stated in the contract.
5. Landlord’s access to the property
Are you willing to provide the landlord 24/7 access to the property that is your home during the rental period? Perhaps the owner wants to have periodic access to make sure that his property is in good condition and that you do not exploit it improperly.
However, this does not mean that the landlord can have unlimited access to the leased property when and as he wishes.
Agree that he can enter it after a reasonable notice period that has been previously agreed between you and him.
Otherwise, it may appear that he comes at an inappropriate moment and disturbs your home comfort, and you have no reason not to give him access to the property.
6. Investigate the landlord’s reputation
People often rent a property because it is easier and cheaper than owning. However, if the landlord turns out to be tedious or too pretentious, this may invalidate the benefits of hiring, writes the publication.
Ask the owner for recommendations from former tenants who describe their impressions of renting the property and communicating with the landlord. This, of course, can be difficult in many cases, but at least you can ask residents in neighboring properties what they think of your future landlord and how easily they communicate with him.
This can save you many headaches and even potential financial losses for the future.
7. Old Accounts
Before signing the contract, make sure the property does not have any old obligations. These may be liabilities that the previous tenants have not paid or the owner has not paid, so check out if all the bills for the property are completely cleared.
If this is not the case, expressly agree that the landlord will ensure that some or all of them will not be transferred to you.
Otherwise, you risk interfering with any services such as power supply that could affect your comfort and cause you extra headaches.
Be on the lookout for renting a home in England
Renting a home in England may be a matter of quite unknown
Hiring a home in England can take place in several ways. If you decide to rent a home in England through an agency, the people’s advice with the UK’s home renting system is to stop at fewer agencies with a more modest look. One reason is that larger agencies take higher æ
Hiring a home in England may be a matter of quite unknown. Typically, the deposit is a rent that returns when leaving the home but does not rely on it, but always ask for everything without worrying about not getting unpleasantly surprised. A deposit is always taken, whether you are renting an agency or otherwise.
Apart from agencies, you can find a home via the Internet, but here you need to have more experience. Otherwise, you risk confusing and fail to make a bargain. The third and most preferred way of the island is through acquaintances.
If you are looking for a home in London, keep in mind that the price range is very large and the dwellings in central London are one of the most expensive throughout Europe.
Of course, the city is big enough to find a neighborhood that suits your financial capabilities. Most immigrants are heading to accommodations near the subway, for greater mobility convenience. Some of the most preferred neighborhoods are Tottenham and Wood Green. There are pubs and shops and convenient transport. One-bedroom or two-bedroom apartment in Wood Green will cost between £ 220 and £ 280 a week, while Tottenham prices are higher.
Other places preferred by foreigners include Kilburn, Camden Town, and Paddington, located in the northwest of the British capital. The rental per month is about 1000 pounds per studio and between 1200 and 1700 for a one-bedroom apartment. If you want a three-room house, you’ll need to get more – between 2500 and 3000 pounds a month.
DO NOT FORGET!
The landlords will first check your personal documents – a passport or driver’s license.
To sign a rental agreement you must have an open bank account. This is because the landlords are checking with a letter to the bank about how reliable a tenant is.
Another preventative measure taken by landlords is asking questions to former landlords, employers, friends or relatives.
The tenancy agreement is signed after all these steps have been completed.
The contract should contain clauses specifying utilities (whether they are hired or paid separately).
ALWAYS read the small font of the contract when renting a home in England. This will save you a lot of trouble!
And never sign anything unless you are absolutely clear what exactly it is!