Tips for first-time renters

1. Tips for first-time renters

3. Renting your first apartment can be a daunting prospect. In this blog we have compiled a list of tips that are sure to stand you in good stead as you go about renting your pad

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5. Tips • Do your research • Beware rental scams • Live within your means • Upfront costs and security deposits • The snag list • Get it in writing • Your roomie

6. Do your research Moving into a home is a major life decision regardless of whether you are buying or renting the place. You should make use of the internet and check out the property search portals that give you access to all the property listings on the market. Signing up for instant alerts will help you to keep track of listings.

7. Beware rental scams Keep your guard up and ensure that you do not fall prey to a rental scam. Common signs to look out for include not being able to view the place, agents or landlords that avoid meeting you, an emphasis on transferring money without the proper documents, and holding back vital information about the property.

8. Live within your means A lot of first timers make the mistake of renting an apartment beyond their means. Moving into a new apartment can involve a lot of hidden costs and hence you are advised to keep some wiggle room in your budget to cope with these costs.

9. Upfront costs and security deposits All rental places will require you to make a security deposit before you can actually move in. This down payment is kept by the landlord in lieu of any possible damage to the property during the duration of your stay. This security deposit is refundable so you should take good care of your apartment.

10. The snag list You should make it a point to create a list of the property’s contents and all the existing damages before you actually move in. It is vital to record every snag the property has regardless of how insignificant it may seem to you. By doing so you are protecting yourself from unwanted disputes and claims from the landlord in future.

11. Get it in writing You should ensure that a written lease is drawn up and make sure that you understand the contents. A legally binding contract is a must have for both the landlord and you, the tenant. Keep an eye out for the fine print on the lease as it is equally important.

12. Your roomie The decision to move in with someone else, a friend or a stranger is not a light one. You should try to find out if you share common principles and habits. Also, the ability to pay their share of the rent is something that you have to be sure of beforehand.

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