10Feb
It is important that you ask about application fees and security deposits. Condo associations require their tenants to pay monthly fees. Some of them is also requesting for refundable deposits just in case you caused damaged in the area.
Most landlords would require you to pay one month in advance and one month deposit to make the landlord feel secured. You must also clarify what is included in the rent. Is the electricity, cable tv, and water included in the rent payment? Don’t be afraid to negotiate with them. The negotiation can make both parties feel at ease with the deal.
14Jan
Planning to rent somewhere? You better start looking as soon as possible. Look for a real estate agent that handles rentals or browse in trusted classified websites. It is advisable by agents that you begin your search at least a month before you plan to move. An application with the apartment complex or the condo association can take you 2-3 weeks. The earlier you file your application, the better things will turn out to be the way you wanted.
Do you have questions about the parking space, washers, dryers and the like? How about the minimum length of contract? Do you know the policy about pets and loud music? Prepare a list of questions that you have in mind and look for the answers in the right people.
07Sep
When you think of worthy investments, you have to look ahead. You don’t have to be a pro to determine as to how feasible a property can be. Look around and check out the people in the area. From there you can see if they will play a vital role towards making such an investment work.
Investing in real estate is a perpetual income if you are lucky. Housing and shelter is something important for anyone today. So if you survey a good area and find great ways to be able to earn from it, grab it. It may not come back as promising as it is now.
15Aug
When you are about to sign a contract, there are owners who will want some sort of proof that you are financially able to sustain the set rental rate for their property. At times you will be asked for bank statements or even employee certifications.
You should not be offended by these though. They are simply protocol for people who want to make sure they will not be encountering problems as far as rental settlements are concerned. While most would want to oblige, it just remains that financial sustainability really counts. Otherwise, you are giving away something similar to a free lunch.
09Apr
People have finally accepted their part in saving the earth and being a property owner, you can do your part in such a drive that would allow you to reap benefits well beyond tomorrow. You don;t have to tear down your rental property to go green for simple retro-fits can have the same impact in such a smaller time frame. Upgrading your plumbing, replacing toilets and wash basins with water saving ones that use less water or do away with it totally is a start. Read more »
09Mar
People have given their opinions on the re-greening of our urban spaces, many of which are slowly undergoing green retro-fitting to comply with city laws and current trends. From simple upgrades such as lighting and the addition of small solar panels on the roofs of rental properties to at least handle the lighting system in and out of the buildings/properties is a small step towards greening the many rental properties that abound within city limits. It is a very enticing deal for you get power and get some incentives from the government in terms of tax cuts having you pay less taxes for such green initiatives. Read more »
30Jan
The most common problem with tenants and landlords is maintenance, when the owner or charge takes too long to address a problem that has been reported according to the provisions of the contract that was signed by both parties. There are small issues that can be left to the tenant such as consumable items or cheap items that are prone to fail, light bulbs, faucets and other items that can or cannot be repaired by the tenant or may require the landlord/owner to fix it. The contract should have clear and distinct differentiation of which items are covered by the owner’s maintenance work and which can be delegated to the tenant themselves. They can even, landlord’s can even ask the tenant to get a repair done that would be deducted from the rent at the end of the month. Read more »
30Dec
For business travelers who stay months at a time while on assignments, the best option is to rent. Monthly stays in a hotel are not only very expensive, but can become boring even with the luxury and convenience that is offered to you. If you wish to maintain control of your life at your own pace and privacy, then renting a home is the best option for you. There are many rental properties that offer exquisite properties or homes within a compound. They are secure, clean and well kept (you get what you pay for) and the best thing is that you can haggle a bit with the price.
Cooking your own meal is a chore but some people love the experience of going to market, shopping around and cooking with the bounties of the native land. You can even find personal butlers (for a fee of course) that would be there to take care of your every whim at the time and pace of your choice. Be sure to ask for the best deals and do take security into account
29Sep
For first-timers, renting their own place is a pretty big step toward independence, and the responsibilities of adulthood. You may be tempted to choose the classiest and nicest place you find, but before you sign that lease, pause and take stock of your finances.
First, you should consider all the other expenses that comes with having your own place. Utilities like water, gas and electricity usually end up in the same range monthly, so you can more or less predict how much you will need every month. You should also need to consider other “luxuries” you can’t do without, such as a phone, internet, cable or satellite TV, which will add to your expenses. If you’re planning to stay in a place that has monthly association dues, such as a condo or a serviced apartment, you will also have to pay additional for such services as security, administration fees & disposal fees.
13Aug
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A wide range of commercial leasing possibilities exist. Typically, an office lease in a major city and a retail lease in a suburban shopping center will be considerably different..Gross lease: The tenant pays a set amount of rent and the landlord is responsible for payment of taxes, insurance and other costs associated with owning the property.Net lease: The tenant pays the rent plus a portion of the maintenance fees, insurance premiums and other operating expenses.Triple-net lease: Typically, for a freestanding facility, this type of lease has the tenant paying for all fees and operating expenses associated with the space.Shopping center leases: The tenant pays a base rate in conjunction with the square footage of the retail facility. Typically, the tenant will also pay some common charges and frequently a certain percentage of the gross sales. The tenant may also be assessed part of the property taxes. A shopping mall lease will often include terms about signage, hours of operations, common areas and deliveries. The landlord may also have the right to relocate the tenant.Land or ground lease: The tenant leases the grounds and builds on the property. Typically, with a land or ground lease, all improvements on the property, including any building or buildings revert back to the landowner at the end of the lease period.
