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2018-10-16 21:53:04
Knowing your Contract, Terms & Agreement! | Redzone Real Estate

Be keen and aware on this part. Take time to read the rental contract as well as the terms & agreement to avoid confusion and arguments once settled. If there's something you're not in agreement with, be sure to point out and negotiate. Digging deeper, here are the most important things that you should know first in terms of legalities.

Registered Agreement. Make sure the rental agreement is registered as it could serve as hard evidence in case of potential legal disputes. Also, it'll serve as protection & security for both parties to some extent.

Security Deposit vs Advance Payment. Any rental property owner will ask for these two things that could affect your initial budget. Aside from the regular monthly payment, an advance payment is also made - either partial or full - to ensure the owner/landlord will have the final rent before you(the tenant) decides to vacate the property. On the other hand, a security deposit will be used in case of property damages caused by the tenant

 

 
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Knowing your Contract, Terms & Agreement! | Redzone Real Estate

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