There are various issues that potential tenants should be aware of when renting an apartment or house, here are a few general points to remember.
- Rental Contract – the rental contract should contain details of the property, landlord and tenant, the contract term, rent details and payment procedure. Always read all the terms and conditions before signing. Read the terms of the contract carefully. There may be a penalty to pay if you wish to terminate the agreement early.
- Termination of contract – if you wish to end your contract early you will often incur a penalty charge and/or lose your deposit. Always read the contract carefully with regards to the clauses ending the contract.
- Deposit – Most landlords ask for a months deposit and a month paid upfront (2 months total). The deposit will be returned when the contract ends providing all terms of the contract have been met.
- Expenses – property expenses such as Real Estate Tax (IBI) and Community Fees (maintenance of the urbanisation the property is situated in) are normally paid by the landlord. However always check your contract.
- Utilities and Bills – With long term lets these are normally paid by the tenant unless stated in the contract. Short term lets are often inclusive of bills and utilities. Always check Witt your agent if in doubt.
- Inventory – tenants are often asked to sign an inventory of the contents in a property (if the property comes furnished). Beware of the penalties resulting from damaged or lost items; the penalty often includes losing your deposit.
- Repairs – generally maintenance and repairs to the property should be carried out and arranged by your landlord or agent, unless the damage was inflicted by the resident.
Important Note:
The information provided here is for general guidance only, each rental property is different. Remember… ALWAYS READ THE CONTRACT BEFORE SIGNING |
