Deposits are security against damage and unpaid bills, usually returned after handover if conditions are met. Read the break clause carefully, including notice requirements, potential fees, and whether a replacement tenant is allowed. Keep everything documented and dated.
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.
Go furnished for convenience and lower upfront setup, but inspect furniture condition and note wear expectations. Choose unfurnished for flexibility and hygiene control, factoring in delivery time, storage needs, and the effort to move items at lease end. It really depends on whether you have furniture and want to customize the space or prefer a move-in-ready setup.
Ask whether pets are allowed, any size or breed restrictions, and cleaning expectations before move out. Disclose allergies or sensitivities early. If you need small modifications, like childproof latches, get written consent and agree on reinstatement responsibilities.
Save the signed agreement, inventory, payment receipts, and all maintenance chats. Store dated photos of existing defects and meter readings. Keeping a single folder prevents disputes and speeds up deposit discussions at the end.
Check names of parties, address, start date, length, payment schedule, inventory, access to facilities, and who handles maintenance. Confirm guest policy, notice periods, and early termination terms in writing before paying any deposit or handing over documents.