What Documents Are Needed To Rent Out An Apartment

Table of contents:

What Documents Are Needed To Rent Out An Apartment
What Documents Are Needed To Rent Out An Apartment

Video: What Documents Are Needed To Rent Out An Apartment

Video: What Documents Are Needed To Rent Out An Apartment
Video: The Landlord's 7-Step Guide to Successfully Renting Out a Home/Apartment 2024, March
Anonim

Renting out an apartment is not difficult, but very responsible, since you transfer your expensive property to an outsider. And your financial and emotional state for the near future depends on a correctly concluded lease agreement.

What documents are needed to rent out an apartment
What documents are needed to rent out an apartment

Instructions

Step 1

Additional income in the form of payments for a rented apartment is never superfluous. Many property owners tend not to enter into a lease in order to avoid paying personal income tax. This practice can only be acceptable with a tenant who is a good acquaintance of yours, or, in extreme cases, an acquaintance of your acquaintances. With a stranger, such cooperation can be costly.

Step 2

The lease agreement not only guarantees you timely payment and the safety of the transferred property, but is also the basis to go to court if a dispute arises between the parties in the course of the rental relationship. The contract allows the parties to secure their rights and obligations, which disciplines both the owner of the apartment and its tenant. As a rule, if an apartment is rented for a long period, then in the process of lease relations there may be many disagreements about who should pay for the repair work in the apartment, who should bear the cost of utility bills, who should compensate for damage caused to third parties.

Step 3

You can rent or rent an apartment either independently or through a real estate agency. If the transaction is accompanied by a real estate specialist, then the owner of the apartment and the tenant must sign an already prepared lease agreement. As a rule, the participation of a realtor costs the parties to the contract at least in the cost of a monthly rent. In principle, you can avoid the cost of a realtor, but for this you need to have a minimum understanding of the composition of the package of documents for a transaction related to the rental of real estate.

Step 4

The lease has a reimbursable nature, i.e. the owner of the apartment transfers the right to use his apartment, and the tenant, for a price specified in the agreement, receives the property for temporary possession and use. The lease agreement is concluded in writing and is subject to mandatory state registration if the term of the agreement exceeds one year. If the apartment is rented not by the owner, but by a representative under a power of attorney, then the power of attorney must be notarized and contain the powers of the attorney and the characteristics of the property being leased. Information on the attorney's right to receive rental payments is also indicated.

Step 5

To conclude a lease agreement, the owner of the apartment (landlord) must submit: an identity document, documents confirming ownership, documents of title (on the basis of which the landlord acquired the right of ownership) - a sale and purchase agreement, privatization documents, a certificate of inheritance, etc. as well as a supporting document - a certificate of ownership. If the apartment is jointly owned by the spouses, then in order to avoid controversial situations in the future, you can ask the consent of the second spouse to transfer the apartment for rent (it can be done in a simple written form). All that is needed from the tenant is an identity document.

Recommended: