Pre-signing checklist for rental properties
Small but equally important things are oftentimes overlooked.
But you should remember that your final lease agreement is not going to include a lot of important elements that will ultimately make or break the rental agreement, and this could well be the same stuff that even your landlord or broker won’t reveal pre-contract.
Here are a few things to consider before signing the rental agreement:
1. How’s the landlord?
Always do a background check of your landlord to make sure everything is above board. This need not be a difficult one, or necessarily call on any official records. Neighbors and grocery shop owners in the vicinity are often the best sources that can help you ascertain your prospective landlord’s nature and his ownership over the property. Also, you should check how far or close he or she lives from the rented apartment. A landlord who is too nosey is sometimes equally as bad as an extremely laid back one. A lot of good apartment rental experiences are ruined because of landlords – so work out fast whether or not yours is a keeper. Also, try to speak with past tenants. The landlord may be able to provide the contact details of the last tenant. If he or she does, call them – and get the down-low on the property and the landlord before agreeing to sign on.
2. Meet the neigh bours
Similar to the above regarding landlords, a bad neighbor can ruin your rental experience. Try to meet your neighbors before finalizing the housing agreement and find out whether they will have an overbearing influence on your life. Consider their set up too – is it a family living beside your house or a bunch of young guys? This will make a difference to your satisfaction once the contract is done – so find out before the point.
3. Is your pet allowed?
Find out your landlord’s stance on pets, if you have any. Many landlords don’t allow pets, so finding one which does can often be a challenge for the renter with fluffy friends.
4.Visit at night
Visit the area where your new residence resides at night to check its safety. A neighborhood that’s calm during the daytime can turn into a very noisy place at night time. Does a KTV open next door after 7 pm? Is the entrance to your prospective home lighted sufficiently? Do you feel safe in the new area? If you don’t, you can bet your family won’t.
5. Consider the local commute
Try and get to work, or school, from the new house – before agreeing to live there. Many times, our commute related research is merely based on the rough distance between your home and destination. Walkthrough your travel route and see how easy and efficient it really is.
6. What are the costs?
Most rental rates are exclusive of extra monthly charges. Monthly maintenance, waste collection, gas and water rates, electricity bills, bond payments, etc. can add to the monthly rental price significantly – so make sure you inquire about all extra expenses while you are viewing. And confirm them in the rental contract before signing. Expect to pay no more than 1000Riel/$0.25 per Kilowatt for electricity, $5 per month for water charges & trash collection and $5 per month for TV cable connection.
7. Read the contract
It seems like a no-brainer. But read your rental agreement with care and attention. Learn the ways in which you can be liable for a breach of your contract, for example having pets or parties – different landlords’ stipulate different reasons for being allowed to throw you out, so make sure you know what the landlord in question expects of you before you agree to stay.
8. Everyone haggles
Always bargain the price with your landlord no matter how it makes you feel.
Remember, that while your real estate agent is acting in your interests to some degree – they are ultimately acting on behalf of the sale, and their commission will be higher if the final agreed price is higher. If you are applying for a long term rental, 1 year or over, use this as a bartering tool.
Also, while the landlord may not be flexible on the monthly rental price, you may still be able to push them for additional services or home furnishing/appliances for free as contract sweeteners.
An upfront advance on your first few months’ rents may also be an enticing bartering point for landlords looks for a fast cash injection in the short term, but ensure everything is receipted correctly.
9. Photo evidence
Before agreeing to the bond payment, take photos of every room in the house while it is empty. In these pictures, make sure you evidence any pre-existing damage to the property. This way, when your contract eventually ends, the landlord has no grounds to deduct wear and tear damages from your deposit that in fact, you weren’t responsible for.
10. Safety first
Regardless of what your agent tells you, be personally responsible for you and your family’s safety when considering any new rental property. Walk around the neighborhood of any property you are considering renting, speak with neighbors (and other tenants if it is a shared building) and come back to the area at nighttime and make sure no hidden threats appear when the sun goes down.
Also, always consider the potential for flooding. A 24-hour review is necessary to note any noise hazards too – there may be construction in the afternoon that you never noticed at the morning viewing, or a night club could open at night next door. For a little extra attention before agreeing to the rental contract, you can truly understand the pros and cons of the property.
Little Things: Check faucets, door hinges, locks, doorknobs, appliances, water heaters and gas cookers before agreeing to rent. Most of the time these things look perfect until further investigation – but if you catch minor problems now, you can ask the landlord to fix them before the agreement is settled. Keep your eyes peeled for any signs of a bug infestation. It is not uncommon and it’s easy to miss signs that your new home is shared by a family of cockroaches, termites, mice or other pests. Unless it’s a critter co-lease you’re looking for, find out before it’s too late.