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Renting

Most Recent Renting Articles

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RENTING 101

RENTING 101

Renting is often a race against time where the fastest applicant claims victory. To avoid the disappointment of losing out on your ideal property, you need to be fully prepared before you even start the process of looking for a place to rent. For those of you who have never rented before, below is a step-by-step guide for first-time renters: Step 1: Find out what you can afford The rule of thu...

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MILLENNIAL TENANT DICTIONARY

MILLENNIAL TENANT DICTIONARY

If you overheard your tenant explaining to a friend that their landlord was being really extra about this lit party that was thrown for bae’s birthday the other night, would you have any idea of what they were saying? Considering that most South Africans can only afford to purchase property in their late thirties, it is highly probable that most tenants belong to the Millennial generation...

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HOW TO PULL OFF A SELF-MOVE

HOW TO PULL OFF A SELF-MOVE

Moving into a new home comes with such a long list of expenses that hiring a professional moving company is one of the first expenses that many buyers tend to try and work around. While using a professional moving company will reduce the risks of damage to your furniture and injury to yourself, smaller moves can be done effectively by yourself if you plan carefully and take all the necessary preca...

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4 QUESTIONS TO ASK YOUR APARTMENT’S SECURITY GUARD

4 QUESTIONS TO ASK YOUR APARTMENT’S SECURITY GUARD

The gates are closed and there is a security guard onsite – I should be safe, right? The unfortunate reality is that this is most often untrue. Many buyer’s take for granted that the security or concierge at the front desk is well-trained and familiar with policies and procedures for access control. The fact is, this is often simply not the case. If you want to make sure your apartm...

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WHAT YOU NEED TO KNOW AS A FIRST-TIME LANDLORD

WHAT YOU NEED TO KNOW AS A FIRST-TIME LANDLORD

Building an investment property portfolio and becoming a landlord can be a great way of increasing your income or making a living, however being a landlord is not for everyone. While letting out property is a viable option for generating income, there is a lot more to being a landlord than signing lease agreements and collecting the rent. Many landlords underestimate the amount of time and ener...

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BE AWARE OF POSSIBLE RENTAL SCAMS

BE AWARE OF POSSIBLE RENTAL SCAMS

While the Internet is an extremely useful tool, it has also made it easier for criminals to prey on prospective tenants – with the number of incidences on the increase. Emotionally driven, enthusiastic tenants who are excited about the prospect of finding the ideal rental property are often more susceptible to fraudulent activity. Time is also a factor. Tenants are often eager to find the...

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BUY OR BUILD?

BUY OR BUILD?

The idea of having a home built to your exact specifications is an exciting notion. However, although building a home does have numerous benefits, there are also several vital aspects that should be considered before the project is started such as cost, time and personal preference. Perhaps one of the biggest reasons that certain people opt to build their home is the fact that they can customis...

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ELEMENTS TO LOOK FOR IN ANY NEIGHBOURHOOD

ELEMENTS TO LOOK FOR IN ANY NEIGHBOURHOOD

Packing up and relocating to another city, or for that matter, another country, is a major undertaking, so it is imperative to do the necessary research and weigh up all the options before making the final decision. Whether it is as big a decision as immigrating or moving across the country, there are essential aspects that should be assessed in every prospective neighbourhood to ensure that you w...

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HOW TO GET THE LANDLORD TO BE REASONABLE WHEN ESCALATING THE RENT

HOW TO GET THE LANDLORD TO BE REASONABLE WHEN ESCALATING THE RENT

Unfortunately, as with most things in life, rent goes up each year - but does this mean that tenants have no choice but to expect whatever percentage the landlord decides one? Every year on the anniversary of the lease, the rental agent and landlord need to decide two things - firstly whether to agree to a renewal with a tenant and secondly what escalation will apply. It is unlikely that the le...

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HOW TO HANDLE DEFAULTING TENANTS

HOW TO HANDLE DEFAULTING TENANTS

Some landlords may find themselves in the situation where their tenant is no longer able to pay their monthly rent; however, landlords cannot simply evict the tenant as they are protected by the Prevention of Illegal Eviction from Unlawful Occupation of Land Act, No. 19 of 1998, also known as the PIE Act. Essentially the act applies to the occupation of premises which constitute a dwelling, which...

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IS IT POSSIBLE TO TERMINATE A LEASE AGREEMENT WITHOUT RECOURSE?

IS IT POSSIBLE TO TERMINATE A LEASE AGREEMENT WITHOUT RECOURSE?

There are a number of possible reasons that could arise that lead to a tenant wanting to terminate their lease agreement before it has run it course, however, it is possible for them to get out of a lease agreement without being in breach of the contract? The answer to the question will depend on the cancellation clause within the lease agreement. Unless there are grounds for cancellation of th...

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LETTING OUT YOUR HOME - THE PROS AND CONS

LETTING OUT YOUR HOME - THE PROS AND CONS

Although it may not have been your original intention to become a landlord and let out your property, there are certain situations in life where the need may arise. Be it needing to relocate for work or dealing with financial difficulty that needs to be addressed, if the end goal is to hold onto the property, letting it out could be a feasible option. However, it does have both advantages and disa...

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