🔒Agents must have authority to rent on behalf of owners to protect yourself.
📄Include clear terms in the lease about deposit return and charges for damage.
💸Be cautious about paying rent upfront, as it leaves you vulnerable with no control.
🔍Do your due diligence, verify ownership and consult experts when needed.
💡Consult a professional or legal expert to ensure compliance with local laws.
How can I protect myself when renting a condo?
—Verify that agents have authority to rent on behalf of owners. Make sure the owner is aware of the rental. Pay one month's security deposit. Include clear terms in the lease about deposit return and charges for damage. Be cautious about paying rent upfront and do your due diligence.
What should I do if an agent wants me to pay two months' security deposit?
—If the owner rents out five or more condos, they are not allowed to charge two months' security deposit. You can negotiate to pay only one month's deposit. It's important to understand and negotiate the terms in the lease to protect yourself.
What can the landlord deduct from my deposit at the end of the lease?
—The landlord can deduct charges for damage that is your fault, but not for regular wear and tear. Make sure the lease clearly outlines the conditions for deposit return and charges for damage.
Is it a good idea to pay rent upfront for a long-term rental?
—Paying rent upfront leaves you vulnerable with no control. It's safer to pay monthly or negotiate a shorter upfront payment period. Consult a professional or legal expert for advice based on local laws and regulations.
What should I do if I suspect fraudulent activity with my rental?
—If you suspect fraudulent activity with your rental, consult a professional or legal expert immediately. They can guide you on how to handle the situation and protect your rights as a tenant.
00:00Renting a condo can leave you vulnerable. Take steps to protect yourself.
04:35Verify that agents have authority to rent on behalf of owners.
06:53Pay one month's security deposit instead of two if possible.
11:00Include clear terms in the lease about deposit return and charges for damage.
13:40Be cautious about paying rent upfront, as it leaves you vulnerable and without control.
17:15Do your due diligence, verify ownership, and consult experts when needed.
19:30Consult a professional or legal expert to ensure compliance with local laws.
