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Do
you rent or buy ?
This depends upon your individual circumstances; you may only be planning to
live in a particular area for a short time, your financial status may prevent
you from
buying a home,
you may prefer to invest your savings in other types of investment, you may like
the convenience of being able to move quickly rather than having to go through
what can be a lengthy home sale process.
Rental
term
It
is normal for properties to be rented for one year’s term and then increase or
extend the period later. However six months’ terms are possible and some
property owners will be happy to rent for longer periods too. We will negotiate
the rental term to suit you.
Payments
It is normal practice for rent to be paid in advance. You are also required to
pay a lump sum deposit (equal to one month’s rent) at the beginning of the
rental to be held by the property owner. This is to be held for the term of the
rental against any losses/damages to the property or its' contents or against
any default on rental payments. If all is in order at the end of the rental
period this deposit should be returned within a reasonable period.
Paperwork
A tenancy agreement will be signed by both parties at the start of the tenancy.
This includes description and condition of the property as well as a listing of
furniture if the property is rented furnished. Any losses/damages may be
deducted from the deposit/bond you have paid.
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