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Renting Property: A Guide

10.11.2009 · Posted in Home and Garden Articles

A guide to getting property on rent is very important while you think of opting for a house or any other property. It is a very difficult process to go through if you do not know much about renting procedures. In fact, it will lead you to lose money.nnKnowing the details of the procedure is important, in order to avoid a waste of money. Many guides are attainable in the market as well as online, which help you to know the things that you should be looking for while searching for a rental property.nnBefore going to see the property, make sure what you really want to have in your dwelling. Following are the points, which you should consider whilst looking for renting a property.nnFirst, you should go for a letting agent. Moreover, also consider the private advertisements for rental properties. This will provide you with a variety of options, and will enable you to make a better choice. It is necessary to make a list of important things that you really need to have in your flat or apartment. This list will help you in comparing one property with the other one. In addition, you can see the list of rental properties available online. This step will help you making a wiser choice and a far better option.nnChecking out the property owners is the next step, and dealing with not only a responsible, but also a reliable property owner for better future dealings, carries significance. A responsible landlord will let you know about the negative aspects of the property, and about the areas needing renovation. Rules of the agreement also have to be crystal-clear in case of fair dealing.nnThe tenancy agreement is another crucial aspect of rental property, and needs to be signed prior to taking over the property. The landlord is responsible for formulating a standard tenancy agreement, which binds the renter in a contract for a specific time period. The provisions of the agreement provided can have necessary amendments made.nnAnother important thing is the assured short-hold tenancy agreement. This agreement usually lasts for 6 months and can be renewed after this period. This is the most common type of agreement received at the time of taking a house, flat, or property on rent. It provides the renter and the owner with the flexibility of either renewing or discontinuing the agreement.nnIt is necessary to have receipts for all the deposits that you make to your landlord. It is also essential to go through the inventory once you decide to get a property on rent. Within a week of moving in to rental property, make sure to give your landlord a marked-up copy of the deposit and do not forget to keep one copy with you. Always ask for a receipt rather than going for verbal dealings. This will help you to analyse the money matters at the time of leaving.

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