PERSONAL FINANCE MANAGEMENT

Everything you should know before renting a home

What to consider when renting a dwelling? It is a question many ask themselves both the first, second and third time you get a new accommodation. At the initial stage, before signing a contract, it is important to ensure that one is not deceived. Fraudsters, unfortunately, are not entirely uncommon in the housing industry. We have listed a few things to consider before, during and after acquiring a tenancy right.

Make sure the landlord is serious

When you contact a landlord, whether it is a company or a private person, it is important to check that the one you rent from is a serious landlord. A serious landlord is someone who does not intend to deceive by a money and who is actually interested in finding someone who can live in and take care of the dwelling. Do your due dilligence and double check that personal data to the landlord is correct, or that the company you rent from has a good reputation.

Another important point is not to cash out any money before signing a contract. If the landlord turns out to be dishonest, there is the risk that you get rid of the money because you have no proof of agreement that binds you to be allowed to rent the property.

Draw up a written lease

In the eyes of the law, agreements are equally valid regardless of whether they are oral or written. However, it is much more difficult to prove that an agreement was concluded and what the agreement contained if the agreement was oral. For this reason, leases are made almost exclusively in written form. The practice is that the landlord provides a rental contract but otherwise you can feel free to ask for one. There are ready-made rental contracts to buy or to download on the internet.

What applies to secondary contracts?

Sublease usually takes place over a shorter period of time and with a limited time limit. A sublease sometimes also includes furniture and some furnishings. In the case of a sublease, the first-hand contract holder is responsible for the rent being paid, even though he or she does not live there. For this reason, the person on the first hand contract usually want to pay the rent to the association and that you live in second hand instead of over the rent to his account. In this way, the first-hand contract holder assures that the rent will be paid.

Tenure protection for subtenants

In Europe, there is something called tenure protection. The tenure protection is part of the Rental Act and means that subtenants who have rented a home from a first-hand contract holder for more than two years do not necessarily have to move out at the end date specified in the rental contract. If the first-hand tenant wishes the second-hand tenant to move, they may need to take the matter to the rental board for a decision from there.

However, should the owner of the property himself intend to move back, the occupancy protection usually does not go far, but the owner of the property will then have to return the apartment.

] }

Leave A Reply

Your email address will not be published.