4 Questions You Want To Ask Your Agent Before Signing For A Tenancy
It can be difficult finding the right property to rent especially in some certain areas of the country.
It’s all good finding a property in the area where you always wanted to rent but there are still a bunch of other issues that you need to consider before you sign on the dotted line.
The key is knowing what questions to ask or what issues to look out for.
Not asking the right questions at the beginning can cost you dearly in the end, or even result in you losing out on the property… This is no joke especially if you have given notice to your current landlord…outch!!
Once you think you have found a property you like , there are certain questions you need to ask the agents.
Here are 4 Questions You Want To Ask Your Agent Before Signing For A Tenancy
1. What Bills are included in the rent?
You want to know if there are any other charges included in the rent for the property. Are there any service charge? Will you have to pay or contribute to the maintenance and services of the property such as waste disposal, cleaning of the communal areas etc? What about security for the area? Do you have to contribute? The last thing you want is to be hit with unexpected bills after you sign the tenancy.
2. How Much Is The Caution Fee?
You need to find out if there is a caution fee besides the rent you are to being asked to pay. Find out if the caution fee is refundable and included in the agreement. There are various discussions as to whether caution fee is legal or not … the bottom line is this for you as a tenant in Nigeria: If landlord or Agent wants this caution fee to be paid by you … you want to know upfront… You don’t want to be told at the last minute that you must pay the caution fee or else,…no tenancy.
3. Find Out What The Terms Of The Tenancy Are
You need to ask about the terms and conditions of the property you are interested in. You want to go through the tenancy agreement with a toothcomb.
You want to know if the tenancy is extendable after your fixed term has ended.
4. How Long Has The property You Want To Rent Been On The Market?
It would be nice for you to try and find out how long the property has been on the market . If the property has been on the market for some time, you can use this information to your advantage to negotiate the rent down or it might also be an indication to you that the rent being asked for is too high or there are other issues about the property.
Yomi Adisa is an experienced real estate manager & developer and also an internet marketing consultant with considerable experience in developing business blogs. He is a Founder of a number of premier web sites for buyers, sellers, tenants & investors of real estates and land.