Finding a place to rent or a place to start a business with is ultimately one daunting matter for many and although the hunt for that great place is really time-consuming and grueling, a lessee should consider these five pointers detailed by Domain first before making that lease official.
1. Are there any restrictive terms in the lease?
When the lease agreement is at hand, review it fully first and do not skip details most especially the terms that specify "restrictions" and adherence issues. The outlet specifically addresses terms that notes "curfews" or those that demand a specific time that a lessee must be in the home because these are "illegal."
2. Has your landlord disclosed all 'material facts?'
This is one important thing that your landlord must divulge to you. Information that sometimes are left out in our questions about the lot. These are some of the things included in the article that you must ask or your lessor must disclose.
Did the home experienced "flooding" in the past? Was the property ever been involved in a "violent" misconduct/ crime like murder in the last five years? Does it offer a free parking permit and does it have an available "driveway" that one can "legally" use?
3. Is your landlord intending to sell while you are there?
Some tenants want to find a suitable home for the long haul and it would be a great idea to inquire your landlords if they have intentions of selling your rented place. This is not only great if lessees already find the best place but an ultimate heads-up also if an interested buyer is already spotting to buy the place.
4. Can you make alterations to the place?
Inquire your landlords if you can make some design changes in your rented place. An approval is needed for this especially if you are trying to build something drastic.
5. How often has the home been leased in the last few years?
Review this aspect of the home. The publication cites that if the home has been rented out several times then this would likely indicate that the property is not a great hunt as a rental.
"If the property has been advertised 10 times within two years, it might be an indication that, for whatever reason, your future there may also be short-lived."