Scarcity of property, or simply stress, can make it easy for renters to rush into a lease agreement. But once you move in, you’re committed for the long haul so here are some common mistakes to avoid.
Not reading the fine print – lease agreements can occasionally have end of lease requirements, or rules and additional requests that may take you by surprise.
Choosing the wrong dwelling – apartment living and house living offer vastly different lifestyles and while we can adapt, it can be costly to end a lease, so be sure about what type of property you need and want.
Not doing an in-depth condition report – it’s easy to underestimate the importance of a condition report, especially when you are viewing your new home with rose-coloured glasses.
Not evaluating the neighbourhood – often tenants have tunnel vision and can fail to take a good look at the area and neighbours, which could have an impact on your residency.
Not getting things fixed early – renters can easily ignore small issues like a faulty stove or leaking tap, but this could be hiding a bigger problem. Raise issues with your landlord as soon as you notice them.
Not putting new housemates on the lease – it can be annoying filling out the paperwork but it does bring peace of mind. Any flatmate who is not on the lease has no legal responsibility and could leave you with the cost if they skip town without paying rent or damaging the property.