Check the agreement for notice and replacement terms. Align on advertising, viewings, and how utilities are split during the gap. Keep shared costs transparent so no one subsidizes unfairly. Get approvals in writing before a new person joins.
Common arrangements include parents' master bedroom, children's shared room, and a guest/study room. Some families give each child their own room, while others use one as a home office or playroom. Consider your family's current and future needs, including whether children will want separate rooms as they grow.
Look for stains on ceilings, peeling paint, and musty smells after rain. Outside, inspect gutters, downpipes, and ground drains for blockages. Ask about recent roof repairs and how quickly water pooling or leaks are handled when reported.
While you're renting, understanding condo market trends can help predict rent stability and landlord behavior. Properties in high-demand areas with good resale prospects typically have more stable rents and better maintenance. However, rapidly appreciating properties may face higher rent increases at renewal. Consider the development's age, location, and market reputation when evaluating long-term rental viability.
Take advantage of amenities to justify higher rent costs. Use the gym instead of paying for external memberships, utilize the pool for exercise and relaxation, and book function rooms for gatherings. Many condos offer additional services like concierge, dry cleaning pickup, or maintenance services. Factor these conveniences into your rental value assessment.
Discuss overnight stays, notice needed, and how often guests visit. Align on using shared spaces when visitors are around, noise after hours, and shared bathroom etiquette. Written guidelines avoid misunderstandings and help everyone host without tension.
Know your landlord's emergency contact and preferred repair service providers. For urgent issues like water leaks or electrical problems, act quickly to prevent damage and notify your landlord immediately. Keep receipts for emergency repairs - some landlords reimburse reasonable emergency costs. Understand what constitutes an emergency versus routine maintenance that can wait.
Research comparable listings to understand market rates before negotiating. Be prepared to make quick decisions as good properties move fast. Consider offering longer lease terms for rent discounts, or ask for inclusions like utilities or internet. Present yourself as a reliable tenant with references and proof of income. Avoid lowball offers that might offend landlords.