subject: How To Give Property To Rent [print this page] Once you have decided to rent a property for rent, talk to professionals from real estate agency. Your agency will not only find a suitable tenant, but will help you with legal advice in negotiations to clarify the conditions of employment, upon signing the Rental Contract and any problems during the rental period.
Determining the market price of rent is one of the key to successful letting of the property. If you've overestimated the amount of rent, you will lose the time during which no income due to inadequate realize announced price. If the rental price is undervalued, then the difference missing every month, you multiply the number of months for which the contract. So if you do not have the necessary knowledge, experience and information to determine the market rental value of your property, find a consultant to objectively determine the price.
The main parameters that determine the value of different types of properties are different. For example, residential properties importance is the location, size, number of bedrooms, condition, furniture, exhibition opportunity for parking. For Cyber Park Makati, office and warehouse properties are important characteristics of the location, size, windows, people passing, the possibility of advertising and parking, distribution, condition of the building, the previous tenants, neighbors in the building height, air conditioning, equipment, etc.
To make a proper and objective assessment of the rental price of a property, you must have experience and extensive knowledge of the market.
Work on letting began before the bidding of the property. After careful scrutiny of your real estate agent will give you an assessment of the state he will advise on the minimum improvements which may increase its price. It has been shown that if several properties are similar features and same prices, easier to recruit those who are prepared to order. Preparation includes cleaning, sorting, aeration, possibly refreshing disposal of unnecessary items. Good presentation of the premises, whether residential, Cyber Park Makati, office or warehouse is very important for quick rental. A rapid finding tenants is important because each missed month means losses for the owner.
To successfully give your property for rent, he must be well advertised.This is especially true in the case of luxury residential properties, Cyber Park Makati, offices, retail and logistics. You can make advertising plan to select channels and ways to advertise, prepare promotional materials and messages to make communication with potential customers and others.
If you work with a consulting firm, it should help in the conduct of trade negotiations on the conditions of contract for hire. Skillful negotiation is the key to the successful completion of the process of renting. Usually both sides of the transaction subject to debate rental price, contract term, the method of indexation of the rent, how to terminate the contract, penalties for failure or breach, making further improvements, payment of fees and taxes, etc. Remember that the conditions under which assign property rental must be negotiated with extreme caution, given that they provide the basis of lasting relationships with your tenants.
It is imperative that rental contract cover as detailed understandings reached between the parties during the trade negotiations. All discussed and agreed parameters must be entered as clauses in the contract. The best agreement is one that involves and relies on his strength solve any future problem cases.
In signing the Rental Contract required all documents regarding ownership of your property, as well as documents proving your identity, your government representative and others.
The rental contract is usually concluded for one or two years but may be given to make for a much longer or shorter periods depending on the need or desire of both parties to the transaction. Routine supplies is to be paid by the tenant, apart from the monthly rent. If the desire of the parties is anything, it will be fixed in the lease. In the lease is entered and guarantees of property condition and the period of notice for renewal or termination. It is generally agreed financial guarantee for the good condition of the property by the end of the rental period - Deposit normally amount to a monthly rent, which in the absence of serious damage is returned to the tenant after the expiry of the contract.
An integral part of the lease is protocol, describing the condition of the property at the time of transfer of possession, existing furniture, equipment, property, equipment, facilities and readings of measuring instruments for electrical power, heating, water, gas, etc. . minutes shall be signed by the landlord and tenant and termination of the contract serves as a tool for inventory.
