Looking to rent? Consider these...

When renting a house it can open up many opportunities but also opens up your mind to many issues. These issues have to be recognized to make your renting adventure a profitable one.

1. Knowing Your Rights and Responsibilities
2. Benefits of Special Services and Programs that Help You
3. Payment of the Bond and Payment of Rent Paid in Advance
4. Complete Inspection Form

Issue 1

By knowing your rights and responsibilities you can set and acknowle dge legal and personal boundaries. This will make your rental experience a comfortable one. All this will be set out in a lease. This tenancy agreement must be signed prior to you moving into your rental property. This lease will contain;

  • The rental property address
  • The total amount of the bond payment
  • Total amount to be paid in rent
  • The regularity of payments
  • The commencement and duration of the agreement
  • The personal details of the landlord.

By considering you’re your lease and rights and responsibilities of you as a tenant will keep you out of trouble with your land lord and the law.

Issue 2

In the real estate market there are many government and private programs to help rental tenants. Either helping by answering questions or giving information, but also can help tenants financially. Here are some program’s to consider;

  • Low-rent housing
  • Public Housing
  • Housing Choice Vouchers (formerly called "Section 8")
  • Local rental programs
  • Rural Rental Assistance Programs
  • Programs and Services in Federal Rental Housing

By taking advantage of these services it will benefit you in many ways.

Issue 3

A bond must be paid prior to moving into the premises. It is a payment paid to the landlord as a ‘security deposit’. This bond is kept as security against any damage that may be caused to the house while you are renting it, or it may be used to cover any rent owning at the end of the lease.

Also the landlord may be entitled to receive some rent in advance if agreed in the paymeny of your bond and the signing of your lease. If the landlord receives rent in advance then you are in entitled to a receipt. This receipt should be kept in case of any disagreement in the future.

Issue 4

An inspection form also called a condition form is to be filled out o nce you have signed a tenancy agreement and paid your bond. This document confirms of the condition of the property at the beginning of your tenancy.

This report lists the faults and the condition of each area of the premises. This report must be agreed by both the landlord and the tenant.

Once all these issued have been confronted and dealt with, you are ready to move into your rental property and make most of the benefits of renting.