What to look out for when renting a property

Renting a commercial unit, flat or even a house is still a popular form of agreement. This form offers many possibilities and a certain freedom of action. It limits charges and to some extent affects responsibility. It is chosen mainly by young people or companies. We wanted to give you a few tips on what to look out for when renting a property. This will help you avoid many problems and misunderstandings.

Business premises and renting

When setting up a company or a branch, entrepreneurs often decide to rent a unit or office. What matters most in the case of office space, and what factors decide whether it is worth signing a tenancy agreement? There are, of course, several factors. First, it is worth taking a close look at the condition of the building and of the space itself that we intend to use. These matters affect the company's image and comfort. The next two issues are finances and the terms of the agreement. For many investors, the obligations of the landlord and the tenant are the most important of all. For companies, price can also be decisive, especially if there are several options. It is worth looking at modern office buildings; such a location definitely adds to prestige. The neighbourhood is also important. Find out what premises and companies are located near the building.

The tenant's obligations

When deciding to rent a certain space, some people forget that the tenant has certain obligations towards the premises they use. These should be clearly explained in the signed agreement. Be sure to pay attention to this, because the matter is important. Some obligations are almost obvious. We mean paying the rent, observing the house rules, and giving the owner access to the unit to assess the condition of the space. Other obligations include keeping the unit in the technical condition in which it was found, looking after the unit, and bearing minor costs related to the use of the premises.

READ ALSO – RENTING A FLAT TO A COMPANY FOR RESIDENTIAL PURPOSES

What to look out for when renting a property? – practical tips

The tenancy agreement seems to be the most important thing. Read it carefully. Pay attention to "hidden costs". The charge for renting a unit or flat is not only the rent. You must add a one-off deposit and bills for all additional services. The services in question are charges for heating, water, gas, electricity, internet access, and so on. You can ask to see bills from previous months to estimate expenses. Also ask who is responsible for repairing faults. The terms on which the deposit is returned are also important.