How to Rent a Property
♫ Monday, April 4th, 2011The first thing you need to do is decide whether you are going to rent an entire property or share one with other renters. It could be that you just want to rent a bedroom in a share house. If so, your first port of call should be you local property listings. There are usually hundreds available scattered across many different suburbs. To rent a single room of a house you will have to sign a legal document. There shouldn’t be too many hefty clauses on a lease for a bedroom in a share house so you should be free to move on quickly if you don’t like the place.
However if you are looking to rent a house or an apartment you should start looking at a local real estate agency. You can start your search online to get an idea of what’s available in your desired location. The internet is a good place to do research and find out what types of properties are available to rent and at what price. When you visit the local real estate agencies they will present you with a list of suitable properties to rent. You will then select some properties and the estate agent will take you to view them. They might start you off with some less desirable properties so that you are bowled over with delight when you see a good one. This is an old real estate agent trick.
If you do find a property that you would like to rent then your next step will be to make an offer. You must have good references from previous landlords and a good credit file to be successful with your application. If you get a bad reference or if your credit history indicates that you might not pay your rent on time, then you are likely to have your application rejected. If you are lucky enough to be approved as a tenant then you will have to sign a lease. Leases on most residential properties last for less than one year. Be aware that you need to see out the term of your lease or you might have to find a substitute tenant. You should read through the entire lease before signing it to make sure there are no unfavourable clauses.
If you are happy with the lease then you can go ahead and sign it if you want to live in the property. You will then have to pay your first months rent and most likely another months’ rent as a deposit bond. After you have settled these transactions you will get the key. Be sure to take care of the property as you will be responsible for paying for any repairs and maintenance that arise if you break anything. Any repairs you refuse to pay for might be taken out of your security deposit, so be sure to treat the property as if you own it.






