Common deductions include excessive cleaning needs, damaged furniture or fixtures, unpaid utilities, missing keys or access cards, and alterations made without permission. Normal wear and tear should not be deducted. Take detailed photos at move-in and move-out to document the property's condition. Keep all receipts for any repairs or replacements you make.
Landlords typically have property insurance, but this doesn't cover your personal belongings. Consider renter's insurance for your possessions and personal liability. Some policies cover temporary accommodation if the unit becomes uninhabitable. Check if your landlord requires you to have insurance and understand what's covered under their policy versus what you need to protect yourself.
Look for sun exposure, corridor traffic, and window seals. Older blocks may show wear, so check for water stains, spalling, and musty smells. Test airflow with windows open and closed to understand heat buildup and ventilation effectiveness.
Check all door and window seals, clear gutters and drains, and ensure proper drainage around the house. Test sump pumps if present and know where water shut-offs are located. Prepare sandbags or flood barriers if the area is prone to flooding. Trim overhanging branches that could fall during storms and secure outdoor furniture.
Some noise might travel, yes. If the two bedrooms share a wall, you may hear talking or TV from the other room. Layouts that put bedrooms on opposite sides of the living room help. Also, newer buildings often have thicker walls.
You need to plan beyond just monthly rent. Budget for your security deposit, utility bills (electricity, water, gas), internet, and any regular maintenance or air-con servicing costs. Also factor in moving expenses and possible agent fees.
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.
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.
