When looking at rental properties, you need to do more than simply choose an attractive dwelling. It’s also important to pay close attention to your lease. While it may seem like an exhaustive process, some red flags could pop up if you aren’t careful. Here’s how to make sure you don’t miss anything before you commit.
What to Watch Out for When You Rent Property
1. No Chance to Visit First
It’s tough to commit to a property when you aren’t permitted to visit in person. However, property managers sometimes won’t allow prospective tenants the opportunity, which should always raise a red flag. There might be a specific physical problem that they haven’t resolved, or something that they realize might be a turnoff to renters. If you can’t see the space, move on to another.
2. Lease Lacks Specific Details
Never sign a lease for a rental property if it doesn’t provide clear, specific language regarding associated costs. For example, it should contain all of the reasons why the landlord may deduct from your security deposit, along with the process involved in returning the amount. Also, your responsibilities as a tenant should be laid out. What are your obligations? Are utilities covered? If not, you need to know.
3. Unusual Payment Methods Requested
You should always determine the landlord’s preferred method of payment in advance. If they request that you wire the money to them, or they would rather receive cash, you may want to reconsider. This isn’t usual practice for rental properties, and it prevents you from keeping an official trail of documentation for your records. To be safe, request to pay with a certified check after you’ve confirmed the landlord is the actual property owner.
If you’re seeking a beautiful property that’s perfect for you and your family, turn to Buckner Properties in Putnam County, TN. This property management team offers a variety of rental properties, including apartments and condo rentals with up to three bedrooms. Visit their website to find out more about their real estate options, or call (931) 526-2104 to speak with an agent about your needs.