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What You Need To Know When Renting A Condo

Published by: SMDC.com | October 03, 2018

Condominiums are in demand now because of the benefits and perks they offer their residents.

Of course everyone wants to feel like a VIP in their own home, and living in a condo – whether you own one or rent one, can make you experience just that. That’s why now more than ever, people are trying out this type of home or more aptly, lifestyle.

If you’re interested in renting a condo, expect a thrilling but stressful process. Before you get too caught up in it, always remember these Condo Do’s and Don’ts to serve as your guide:

1. Do Your Research

Before doing anything major in your life, it’s always advisable to do some research first -- and this also applies for condo hunting. Get as much information on the requirements and regulations of renting a condo, as well as input on the pros and cons of renting compared to buying a unit. Use your resources online but don’t hesitate to ask around for recommendations and guidance from peers. 

 

2. Know What You Want

There are a lot of condominiums that offer you a range of different things. Get a streamlined list by pinning down what you need and want, and determine which condo meets your desires. Visiting unit after unit may get overwhelming. So know what you want before you get too excited, and end up making impulsive decisions.

 

3. Check Your Capacity

Renting a condo is no joke; therefore, you must be financially capable to deal with it. First, determine the length of your stay to help you decide if it’s worth the investment. Second, understand your responsibilities, as discussed with your landlord, and make sure you’ll be able to fulfill your side of the deal.

 

4. Check out the Amenities

Sometimes, the amenities are the deal breakers. The little luxuries are the most attractive parts of condo living. Swimming pool, gym, jogging path, study area, you name it! In the indefinite time you’ll be living in a condo, you might as well enjoy it — at the right price.

5. Clear All Costs

At all cost, clear all the costs with your landlord. Know what your monthly payments cover like taxes, utilities, maintenance, and even amenity dues. There also must be discussions on the possible additional fees, and a clear understanding on both ends for cases of deposits, down payments, and the like.

Make condo living a fun, unforgettable experience when you rent a unit in Shore Residences.

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