Basic Tenancy Tips
Start Looking Early:
There are many issues which you will need to consider while searching for rental accommodation. Price and location are possibly the two most important factors for many students. It is advisable to start looking around for potential dwellings and not leave it to the last minute where decisions made would be hastened.
Decide On Your basic Needs:
Most students would prefer to live within walking distance from campus in a fully furnished apartment for minimal rent; however, understandably, properties matching this description tend to fill very early. It may be useful to prioritise the different issues which may influence your decisions. Type of occupancy, living expenses, rental budget, location, size of apartment/room, facilities and amenities are some of which should be duly considered.
Rental Terms:
Clarify and check with landlord/property owner on issues which may seem ambiguous. For example, what is the monthly rent and when is the rent paid every month? What type of deposit does the landlord/property owner require and is this refundable? Are utilities (water, gas electricity etc) included in the monthly rental payable? Who is responsible for maintenance and repairs of items in the rented premises?
Tenancy Agreement:
A tenancy agreement is a legal agreement establishing a landlord/tenant relationship. This contract is a binding document.
Important:
Prior to signing the tenancy agreement, read the contract document carefully, ensure that you understand everything and agree to all the terms stated. Ask for receipts for any payment made. Seek the assistance of an adult (guardian, relative etc) if you need help in going through the tenancy agreement.
Basic checklist (to be clearly stated in the tenancy agreement):
• Rental payable monthly
• Rental deposit
• Duration of lease
• Termination of lease
• Usage of room, facilities and amenities (if available)