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What do you need to know when renting a house?

Leia Doyle

What do you need to know when renting a house?

10 things you need to know before you rent a house

  • It costs more than you think.
  • Bills, bills, bills.
  • Electrical goods – who supplies the basics.
  • Become Sherlock Holmes at the viewing.
  • Check the guide price for your area.
  • Read the contract!
  • Find furniture for free – ask family, friends & freecycle.

Why you shouldn’t rent to friends?

Risks of renting to friends On the other hand, renting to friends is a move that could backfire. For one thing, a friend might take certain liberties because of your relationship, which could include being late with rent payments consistently. That, in turn, could mess up your cash flow.

What does zero deposit mean when renting?

A zero-deposit guarantee is a way for potential renters to significantly reduce initial upfront costs required to rent a property. Essentially, the tenant takes out a non-refundable insurance policy, typically the cost of a week’s rent. They also agree to pay for any damages incurred at the property.

How do bills work when renting?

In a rented property, tenants will likely be liable to pay all utilities like water, electricity, council tax, gas, broadband, TV licensed and other that may apply. Some tenancies include some utilities as part of the price, but rarely do they cover all utilities tenants use.

If the real estate agent or landlord is giving you a tour of the home and they’re pointing out things that will be fixed by the time you move in, take the time to stop and document the problem, by taking notes and a photograph. Paper trails are incredibly important when you’re renting a house, so be sure to keep a file of house-related documents.

What should I ask before signing a lease?

Renting is a great a way to live affordably, and the benefits are even greater when you split the rent between a few housemates. But be careful not to let the potential benefits cloud your judgement. Renting takes practice and can involve costly mistakes, so it’s important to ask the right questions before signing a lease.

What should I do if I notice a problem with my Landlord?

If you notice a problem, you need to ask the landlord to fix it immediately. Never hesitate to ask for repairs, as it’s also in the landlord’s best interest to stay on top of maintenance, as minor problems can develop into costly nightmares when they’re not dealt with promptly. 7.

How long do you have to give notice to rent in Spain?

You are free to agree upon the length of a notice period with your landlords, with the minimum period being 30 days.