Top Tips For New Renters
Whether you’re buying or renting, getting the keys to your new home is an exciting experience. While renting is often seen as a less complicated option...
Whether you’re buying or renting, getting the keys to your new home is an exciting experience. While renting is often seen as a less complicated option than buying, there are still several important points to consider.
- You will still need cash upfront
Of course, the costs involved are much lower than if you were buying a home but it’s not simply a case of paying rent a month after you move in. You are generally expected to pay at least one month’s rent as a deposit, if not more, as well as your first month’s rent upfront. There are also often various administrative costs.
- Read the contract carefully
This is very important as you’re locking yourself in to a reasonably long-term commitment. Make sure you understand all the points so that you don’t get any nasty surprises later on. Don’t sign the contract if there is anything you’re unclear on.
- Document the condition of the property
If you see any maintenance issues at all when you first move in, be sure to record them by taking photographs and emailing the agent or landlord. If you don’t do so, they can argue that you caused the damage and you might not get your deposit back.
- Understand expectations
Find out ahead of time what the landlord expects from you in terms of maintaining the property and what they are willing to help with. Generally speaking, if there are any major issues like leaks and so on, the landlord should step in. Also be careful not to change anything on the property without permission and bear in mind that you will probably have to change it back when you move.
- Don’t forget insurance
While you won’t have to pay insurance for the whole house, make sure your own furniture and appliances are insured in case of theft or damage. Check what insurance your landlord has and add your own policy as necessary.
- Know who’s paying the bills
Make sure you have a clear written agreement with your landlord if they have agreed to include water, electricity and other such expenses in your rent. The last thing you want is to have your water cut off thanks to a bill dispute.
- Special considerations for sectional title
If you’re renting in a complex, there will be extra issues to consider. Remember here you’re not just dealing with your landlord but also the Body Corporate. In order to avoid hassles, familiarise yourself with the regulations in the very beginning.
- Pet policies
This is a big one – many landlords do not allow any pets at all and you have to respect this as a tenant. Even if your landlord doesn’t feel strongly about the issue, if you have a cat or dog, make sure there are no rules against bringing them along if you’re renting in a complex. It is possible to find pet friendly rentals so keep looking if the first property you find doesn’t allow animals.
Renting can be a smooth and relatively stress-free option if you do your homework first and don’t rush into anything. Take your time to see what’s out there and make sure the property works for you. If you’re unsure about anything, your rental agent should be able to answer all your questions. It’s worth building a good relationship with them as you’ll be dealing with each other for at least a year.
Writing blogs about the property market of South Africa.
Content Team - Real Estate Agent
