Renting a home comes with plenty of advantages. They are free from making any further improvements to the home, property taxes and gives them ample flexibility in moving. Here are the 5 must-dos while taking a home for rent:
1. Research the neighborhood before moving in
Make a thorough research on the safety issues and convenience of living in that neighborhood. Look for the availability of basic amenities like grocery stores, public transport facilities, petrol pumps, schools, colleges, etc. Check for the quality of living as well.
2. Read and understand the lease's terms
Carefully read the terms with the help of attorney or a realtor before signing. Check for maintenance, payment of rent, repayment of security deposit and guidelines of breaking of lease.
3. Inspect the property
Have the property carefully inspected before moving in. Document or record any damages or faults of the property prior to moving in as you don't want it to be spent from your security deposit.
4. Renters insurance
Obtain a renters insurance once you move in to secure your belongings in the case of any mishap or threat.
5. Property maintenance
If an appliance or any item gets faulty or damaged contact and inform the landlord immediately. You can schedule a repair person but it's the responsibility of the landlord to pay for such repairs.
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