What first-time renters should know
Category Rentals
It is that time of year when many new job entrants and students get ready for their first rental apartment, whether taking it on their own or sharing with someone.
According to Seeff's rental agents there are many nuances when it comes to rentals. It is not always as simple as checking online, paying in money and moving in as and when you please, say the agents.
Seeff gives some guidance for newbies to the rental market:
When searching for a rental, beware of online scams. Do not pay over money unless you have done your homework. Do not pay upfront application fees or a deposit until you have validated the property and agent or representative.
You will need to qualify for a rental. This means passing a credit check and proving that you can afford the monthly rental. As a guideline, it should not exceed 30% to 40% of your income, otherwise you may need a parent to sign surety.
Cash funds will be needed to cover the costs of the credit check and lease agreement as well as a rental deposit of one to two months depending on the landlord requirement. The deposit and first month's rent is usually payable on the day of occupation.
The deposit must be invested by the landlord in an interest bearing account. It may not be utilised for anything including maintenance and must be returned to the tenant within 7 days after expiry of the lease. The landlord may, however, deduct reasonable costs to repair damage caused by the tenant.
A written lease agreement to be signed by both parties must be provided which sets out the terms of the lease, duties of the landlord and tenant, rental due and so on. It is important that you check the agreement and get someone to read through it to ensure your interest is protected.
An incoming inspection must be done before occupation, recording the condition of the property on a checklist signed by the tenant and agent or landlord. Upon vacating, an outgoing inspection must be done against this checklist to ensure the property is handed over in the same condition.
Be a responsible tenant, pay your rent on time and look after the property as if it is your own. Check what is permitted in terms of hanging things on the wall. Not all properties are pet-friendly, so check up on that as well.
Respect the conduct rules pertaining to the property. These should be provided upfront so that you are fully aware of the do's and don'ts. Ensure sleepovers and parties are in compliance with the rules. Party noise especially should be limited to weekend nights until 10pm unless otherwise arranged.
Maintain the property in a good condition to protect your deposit investment. Maintenance issues such as plumbing, water leaks and the like must immediately be brought to the attention of the agent (or landlord) so that it can be taken care of.
The lease is a legal document with serious consequences if you fail to remedy any breach. If something happens and you need to vacate the property, you can cancel the lease giving 20 business days' notice. The landlord may, however, charge a reasonable cancellation fee which should be provided for in the lease document.
In the event of a dispute between the tenant and landlord, either party can approach the Rental Housing Tribunal which is appointed in terms of the Rental Housing Act. A decision of the tribunal has the legal effect of a judgement of the magistrate's court.
Author: Gina Meintjes
Author: Gina Meintjes
