A person who dares to rent for the first time in his life does not know what to grab and where to start. The basic and logical step is to use the services of Google and listen to its advice. Even we have already told about what you should pay attention to if you do not have the slightest idea about the interaction with the landlord. Our attentive reader has already learned well that it is worth being polite and attentive. Don't be fooled by the over-the-top friendliness of the interlocutor. Verification of ownership and signing the contract - two important points that will protect you from fraudulent and illegal actions by the home owner (or someone who pretends to be one). However, it is still too early to talk about them at the selection stage. First, you need to deal with your fears. THE Capital decided to debunk the most popular myths and answer provocative questions that often become an obstacle between you and your new home.
Tenant and landlord: who is running after whom?
In the rental market, there are always two of you - the tenant and the landlord. The relationship between a real estate seeker and a home owner can develop according to several main algorithms, depending on the general market situation. Our experts distinguish three scenarios:
- low demand and high supply. In such a situation, the tenant freely maneuvers the available objects, can choose among many options and not worry about the fact that he will never find a home to his liking. Landlords spend more nerves, as the search for residents can drag on indefinitely. In such situations, they willingly make minor concessions, such as reducing the cost of living, etc. Even a categorically determined owner of the apartment can be forced to become pet friendly, so that the real estate does not stand idle, and he does not lose profit;
- low supply and high demand. In this case, the tenant should sweat to grab at least some object. You have to make decisions quickly and discard thoughts about bargaining, because if you don't agree to the proposed price, someone else will;
- balanced market. This is probably the best option, because demand and supply are approximately at the same level, so each of the parties gets the desired result without compromising their principles and money.
In general, who "runs" after whom depends on market situation, seasonality, economic and political situations in the country. It is also worth considering that the ratio of supply and demand differs depending on the real estate itself - residential complex class and office.
What is the chance of getting a rental refusal?
We honestly admit that in our practice we have not yet come across such cases when the tenant refused the landlord to conclude a contract. Perhaps the thing is that we are experts and cooperate only with reliable people... However, in general, different situations occur in the market, so it is worth considering these. The reason for refusal can be both exclusively subjective factors and objective ones. If you did not manage to find a common language with the owner of the property, it will be difficult to correct the situation, although you yourself do not want it, because why cooperate with a person you do not like, if you can find someone else. Logically? More than. However, losing your dream home due to your carelessness or unreliability is a completely different matter. The most common reasons for refusing to rent are given by homeowners:
- unsatisfactory financial condition. It's impolite to ask about your salary, but your field of activity will give you an approximate estimate of whether you earn enough to pay your monthly rent and utilities on time and in full. A credit history check may also be used. In case of your unreliability, neither the bank nor the owner of square meters will want to cooperate with you;
- the presence of court cases related to the previous leased real estate. Such a point can raise suspicions and lead to the idea that you do not shy away from fraudulent activities. Everything depends on the essence of the case, but its very presence can also scare;
- sloppiness and unreliability. We do not force you to iron the darts on your pants, but no one has canceled banal neatness. The owner of luxurious and expensive apartments will not dare to entrust them to someone who cannot even maintain his belongings in a decent condition;
- bad recommendations Some overly pedantic landlords may ask you for the contacts of previous landlords to get a kind of feedback on you as a tenant;
- a lot of competition. When demand is at its peak, homeowners are free to choose between several offers, so there may not even be a specific reason for rejection. It's just that the other person was more fortunate.
It's surprisingly difficult to get a rental refusal, so you'll have to work hard. We advise you, first of all, to be honest in your conversation with a potential landlord. You already know all other nuances.
How quickly should a rental decision be made?
Immediately? Preferably, but not always. You need time to think and review other offers. But the owner should not delay the answer either. The speed of decision-making can depend on several factors:
- low supply and high demand. You have already met this point when considering the first question, but it plays a decisive role here as well. You should act as soon as possible, because real estate is flying like hotcakes. Sometimes the apartment can be taken in a matter of days or even hours. We advise you to limit the time for reflection to 1-2 days;
- low demand and high supply. Yes, yes, this item also came back to us. The tempo can be slightly reduced. Give yourself a little more days days. Sometimes, even after several weeks, the object is still available;
- balanced market. Remember this golden mean? It also applies to time. A few days should be enough;
- popular areas and objects. Such categories always attract a larger number of enthusiastic views, so we advise you to stick to the already usual terms for making a decision;
- unpopular areas and facilities with disadvantages. The situation is completely opposite. Not very attractive locations and apartments with obvious defects have a harder time finding tenants, so they can stay on the market for weeks.
If due to your personal situation you cannot delay moving, the speed of decision-making depends only on you. But even under such conditions, you should not forget about a thorough inspection of the property and its owner. We can advise a little trick in case you really like the object - offer a small deposit for it. This way you will confirm your serious intentions. The deposit must be small, because you can transfer a significant amount only after signing the lease agreement.
