Home Rental -- Try Before You Buy

When a family is relocating, they most often try a home rental first before buying outright. If the city is quite large, it might even make sense to rent a second time before making the decision as to where to purchase.

With so many factors contingent on which house to buy (how many kids in the family and their ages, nearby schools, job commute time, etc.), home rental is often the best move a family can make. There are furnished and unfurnished houses, as well as storage options in the event that the rental you've decided on can't quite fit all your belongings.

If you are renting through a property management company, you'll likely need to detail your job history and previous rental history, if any. The company is looking for stability and will check references as well as run a credit check, to decrease the likelihood of having to deal with a tenant who is frequently late with payments or who might damage the unit.

There is usually an inspection at both ends of a tenancy: before you move in and upon moving out.

This protects both parties, and it's important that you are careful and exact in descriptions. In fact, if you can have pictures taken at the time of the first inspection, it might be a good idea.

If you, as tenant, note a cracked counter tile or a watermark on the ceiling or even some paint splashes on siding, it's good to describe it in detail so that you won't later be held responsible for the cost of repair or replacement. Whether your home rental is managed through a company or directly by the home owner, the inspection should be signed by both parties.

Many property owners have a no-pet stipulation. If this is the case, they are severely limiting the number of possible tenants; however, they are within their rights to have this clause. There is no other discrimination allowed, even as to the number of children you have or their ages.

If you find "the perfect home" that you would like to rent, but it does not allow pets (which you have), you might be able to have the home owner approve an exception. For instance, you can suggest a special pet-related damage deposit, over and above the usual, that is to be held in trust, with an agreement setting out the specific items that might need repair such as new sod or scratches on doors or hardwood floors.

Make sure you have this agreement drawn up by a lawyer, with a cap set as to damages.

About the Author:
Executive Home Rentals (http://executivehomerents.com/) is a company that does executive home rentals. Art Gib is a freelance writer.

Article Originally Published On: http://www.articlesnatch.com

Tags: executive home rentals

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