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When it comes to renting, many enjoy the flexibility that comes with it. You don’t have to worry about property taxes, utilities are usually more affordable and it’s a fast way to build wealth. The lease for your new rental home can be comprehensive so here are a few points that you should take note of as a tenant.

  1. Read and understand the lease: A lease is a contractual agreement between the landlord and tenant. In BC, the Residential Tenancy Act enforces the rights and obligations of landlords and tenants. Before your sign your lease, ensure that you have a full understanding of what your obligations are as a tenant as well as what is expected from your landlord. If you have any questions, reach out to your landlord or contact the residential tenancy board.

 

  1. Get renters insurance: Stay prepared and protect yourself. Renters (even seasoned ones) often overlook this. Renters insurance could cover a range of things from common personal property to major loss such as break ins, burst pipes, earthquakes etc. Insurance companies can customize a plan that will work for you as low as $15/month.

 

  1. Report signs of trouble as soon as it occurs: If you are experiencing issues with your home, don’t wait to report it. These kinds of issues often grow larger with time and can be mitigated early on. Keep a record by taking photos or writing things down. It’s often much easier for a resident manager to understand what is happening and find a solution.

 

  1. Maintain communication with your resident manager: Communication is key as they say and building a relationship with your resident manager can help him/her anticipate your needs.

 

  1. Security is still your responsibility: Even though your building may be secured with keyless access entry and surveillance is put in place, most rental communities still rely on residents’ efforts in ensuring security such as waiting till the parking gate is closed before proceeding to your stall and reporting suspicious activity in or around the building. Securing your car and home is still your responsibility so do your best to ensure that those are secure.

JOIN OUR ARIA LIVING COMMUNITY! For rental inquiries, head over to the ARIA website.