A few decades ago, homeowning was the biggest status symbol you could achieve. It was a staple of society to get an education, get married, and buy a house. That sort of thinking still exists but is no longer a universal sentiment. Now, the world has completely changed and people’s attitudes have changed as well. Renting has become the rallying cry for this new generation of thought and there are good reasons for it.
In 2017, many people don’t want to pay off a house for twenty plus years with a mortgage looming over them. They prefer to be able to live freely, and not be saddled with all the stress that a house comes with it. As a tenant, though, you need to pay particular mind to what we consider the 5 golden #rentingrules. If you follow these rules then you’ll have a much better experience as a tenant.
- House insurance for tenant
When renting a house, not many people think about tenant’s insurance. Yet, this is our top golden rule for a reason! Insurance companies like Homelet offer insurance to renters to protect your belongings and your liability as a tenant. This can add some much-needed security that most renters aren’t taking advantage of.
- Your privacy
A landlord’s right to entry versus tenants right to privacy has long been a battle with no easy outcome. In the end, it’s best to establish from the very beginning your privacy as a tenant and when a landlord may enter the property.
- Late rent payment
Many people rent because they can’t afford to buy a house. Even after signing a lease and having some money built up, things can still come apart. A lost job or unexpected expenses are unfortunately possibilities that can result in late payments for rent. If things come to this, make sure you communicate with the landlord and explain the situation as much as you comfortably can. Although they will most likely charge a late fee for the rent but make sure it’s documented. You can never be too careful.
- House modifications
After living somewhere for a while, many people want to make it their own. One way to do that is to add modifications to their house and/or apartment. Most landlords will be okay with this if you ask permission beforehand. Some changes may reduce property value and/or they may want proof that someone qualified is making the modifications.
- Pet policy
Man’s best friend and cute cats; they’re part of the family, right? Just make sure you adhere to the pet policy from the beginning or expect to get into some difficulties with your landlord.
That’s it! Hopefully the top 5 golden rules for tenants has proved helpful to you. Let us know some of the benefits you have found while renting and whether or not you’ve adhered to the rules. Don’t hesitate to let us know what you think.