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RENTING 101: A GUIDE FOR TENANTS

Get the best out of your new home by being informed from the beginning.

 

You're looking to rent a new flat; but do you know all that you need to know about the process? Have you taken all the necessary steps to ensure you’re well informed before taking the next to moving in? This is a step-by-step guide to help you make the best decisions before moving into a flat.

Questions, questions, questions!

It is always the best idea to view the property that you would like to move into with a qualified agent who can answer any questions you may have. Asking as many questions as possible during the early stages puts you in a good position to make choices that will best suit your lifestyle and requirements.

Are you prepared?

Before jumping in to sign a lease and moving all your precious possessions; there are a few things you need to have on hand as a prospective tenant. These include:

  • Personal information

It is important to have all your documentation prepared in advance to assist in not only speeding up the process but making it smoother and less stressful for you. The documentation you will be required to provide includes copies of your ID, payslip and the most recent three (3) bank statement. If you are self-employed Ithemba Property requires you to provide company registration documents, an affidavit that pertains to your earnings as well as 2 months deposit.

  • Affordability

Ensuring that you are in a financial position that allows you to pay for your first month’s rent as well as your deposit upfront and any other necessities required when moving. You will need to be able to keep up with your monthly rental amount and fees for additional costs such as utilities, parking, etc. [cashback]

Signing your lease

Reading and understanding your lease is a very important part of the process. Ithemba Agents are well-versed in the fundamentals of our lease agreements and will be able to assist with any questions you may have ahead of signing on the dotted line. Go through your lease, confirm that the below sections are included and that you understand what they mean:

  • The names and addresses of both parties
  • The description of the property
  • The rental amount and escalation
  • The frequency of rental payments, i.e. monthly
  • The amount of the deposit
  • The lease period
  • The notice period for termination of contract
  • The lessor’s obligations
  • Any other costs payable by the tenant
  • A list of defects 
  • The House Rules

We know the stressful nature of finding the perfect flat to rent with so many options available, but we are here to make every step of the way that much easier for you. We’re in the business of giving you affordable, secure, spacious and the best maintained Johannesburg and Pretoria flats to rent.

 

Contact us today and we’ll help you find the perfect place to make yourself at home.

 

Source: Private Property