facebook pixel
Skip to main content
CEU IAM Business School
en
 | 
es
Training Offer
News
Innovation and Society
Services CEU IAM
Meet IAM
Virtual Campus
TV
en
 | 
es
Training Offer
MBAs
Masters
Executive Programmes
Advanced Programmes
Focused Programmes
Executive Summer School
News
Blog
Events
Innovation and Society
Healthcare Trends Lab Observatory
CEU DHR COL-HUB Observatory
Francesco Economy
Services CEU IAM
Subsidies and Grants
Admissions
Alumni Network
Professional Careers
Custom Programmes
Leadership, Ethics and Talent
Meet IAM
About Us
Contact
What to consider when looking for a rental home?

What to consider when looking for a rental home?

CEU IAM
 / 
CEU IAM Blog
 / 
Real Estate
 / 
What to consider when looking for a rental home?
Share it 
Share it - LinkedIn Share it - Facebook Share it - Whatsapp Share it - Twitter
Rating 
What to consider when looking for a rental home?
  
 100 % 
  
 0 % 
  
 0 % 
  
 0 % 
  
 0 % 
Rating 

Monday, 24 february 2020 | Redacción CEU

Buying or renting? This is one of the questions that young people ask themselves when they become independent, find a stable job or decide to start a family. Nevertheless, in recent years, due largely to the bursting of the real state bubble, the effects of the crisis and the appearance of new models and work approaches, renting has become the first option for many people. If we compare the decision to rent an apartment with that of acquiring it, we soon see a big difference in relation to the magnitude of the commitment that people adopt in each one of them. This is not enough reason to underestimate the problems that may arise when leasing a home. In order to avoid them, the best choice is to try to anticipate them and follow the necessary precautions.


In Spain, there is a deep-rooted culture of buying homes. It is a fact that differentiates us from most countries. However, more and more people are betting on renting. Many of them go for it because, due to their work, they have to continually change their place of residence. Others because they believe that, in the event of being fired, they may face a monthly payment more easily than a 30 or 40-year mortgage. Moreover, renting is often the first option for young people who have just started their studies and do not have the necessary income to face a larger investment. There are many possible reasons to rent, but whatever the reason leading to this decision is, it is advisable to take into account some key aspects when doing so. In this way, people can avoid the possible consequences of making a rash and impulsive decision.

Before renting… 

More and more people are choosing to rent a home instead of buying it. That not only leads to the increase in prices, but also to a greater competition. Consequently, it is more difficult to find a flat or house that meets the desired characteristics of our ideal homes. This is the reason why tenants usually get carried away and sign contracts without thinking things through. The consequences of a careless act like this may range from the signing of abusive clauses to the agreement on higher prices in comparison with the average. How can you avoid these problems?

  • Take a walk around your neighborhood: On some occasions, you may find a flat that satisfy perfectly your needs and budget, but you might not realize the specific characteristics of the surrounding area: Is it a safe neighborhood? Is there a nightclub nearby? Is there any plan of a large-scale work in the area? Could it take years to be completed? To avoid unexpected problems, it is advisable to visit the neighborhood at different times, talk to the neighbors, follow local news and investigate about the rental prices in the neighborhood.
  • Ask questions, do not be shy: The more information you have about the house, the better decision you can make. There are many questions to ask and many people who can answer them. Let's start with the landlord: Who are the neighbors? What places of interest are there nearby? How much do gas, electricity or water bills amount to? If there is a doorman in the building or the residential area, they may also offer interesting information about the house and the community. In fact, they might be more objective when giving you information. Another source of information is neighbors. If you cannot find any, you can also talk with the people who work in the shops of the area.
     
What to consider when looking for a rental home?
  • Be aware of scams: The increase in the number of scams is also a consequence of “the rental boom”. They usually consist of housing ads that are really interesting due to their characteristics and affordable prices. The owners claim to be outside the country, so to reserve the houses it is necessary to advance some type of payment (rent, deposit, etc.). In no case should you pay an apartment without seeing it before. Any agreement reached must also be written and, of course, must comply with the law.
  • Examine the home meticulously: The current state of the apartment may give you an idea of the future care that the landlord will put into it. Do not be shy when it comes to checking the state of the furniture, the quality of the materials, the proper operation of the electrical household appliances or other details such as the orientation of the flat or what noises are heard. If something is not right or works incorrectly, you must tell the landlord.
  • Study the contract thoroughly: This is undoubtedly the most important point. It may take time to find the right home, but you must be cautious and read the contract carefully before signing it. What should you pay attention to?  You have to find out whether you have to pay compensation in case you do not meet the minimum stay requirements and how much it would cost, whether there are additional expenses such as garbage taxes or community fees, what the use of the property is, if the inventory is correct, who must repair things, etc. There are clauses that may not comply with the law. The bottom line is not to sign them and avoid thus a future lawsuit. On the other hand, there are aspects that are legal, but that depend on what is agreed between lessor and lessee. Once the contract is signed, it is advisable to record a video or take photos of the property so that there is proof of what the current condition of the house or flat is.
  • Book fast: When looking for an apartment, the competition is hard. Thus, it is recommended that once you have found an apartment that fits your needs, you try to reserve it as soon as possible. Something that can help you is to have all the documentation prepared. The easier it is for the landlord, the more likely it is that they will choose you.

 

☆
☆
☆
☆
☆
Rate this article

Also interesting for you

Also interesting for you: Executive Master's Degree in Urban and Regional Planning - MUOT
Executive Master's Degree in Urban and Regional Planning - MUOT
Also interesting for you: Programa Enfocado en Planeamiento, Gestión Urbanística y Licencias
Programa Enfocado en Planeamiento, Gestión Urbanística y Licencias
Share it 
Share it - LinkedIn Share it - Facebook Share it - Whatsapp Share it - Twitter

Related articles

Related articles: Postcovid offices, a new idea of workspace?

Monday, 15 february 2021

Postcovid offices, a new idea of workspace?

How will we go back to the office after Covid? Will the design and structure of these spaces change in any way? What will we place more importance to?

Related articles: People have highways, but what about animals?

Monday, 26 october 2020

People have highways, but what about animals?

Cities are increasingly focusing their attention on the mobility of their inhabitants, but of all of them? What are ecological corridors? Why are they important?

Related articles: Would you like to plant a forest in your garden?

Monday, 17 august 2020

Would you like to plant a forest in your garden?

Do you know Miyawaki’s method? This is the model that is inspiring small and urban forests that are starting to be a trend in some European countries.

CEU IAM Business School is the CEU group Business School
Universidad CEU San Pablo
Universitat Abat Oliba CEU
Universidad CEU Cardenal Herrera
Leadership

The common denominator of CEU IAM programs is Leadership. Fruit of which maintains a unique alliance in Spain with the Center for Creative Leadership. Currently, one of the best leadership programs in the world is taught in all its executive courses.

CEU IAM understands that there is a great need to train professionals capable of leading their organizations in a changing, digital and international environment. Managers are needed to lead the changes, inside and outside their borders, and to generate a positive and profound impact on people and organizations.

Center for Creative Leadership

 

AACSB International
CEU Institute for Advanced Management is a member of AACSB International
(Association to Advanced Collegiate Schools of Business)

 

Asociación Católica de Propagandistas
El CEU es una obra de la Asociación Católica de Propagandistas

 

Madrid Excelente

+34 915 140 445 CEU IAM phone: +34 915 140 445
+34 670 058 726 CEU IAM whatsapp: +34 670 058 726
secretaria[@]iamceu.com CEU IAM email: secretaria[@]iamceu.com
Legal Warning and Data Protection
Social Media Policy
General Conditions of Contract
Cookies Policy
Institutional Ethical Channel
Training Cycles Madrid
Web Map
CEU IAM en LinkedIn CEU IAM en YouTube CEU IAM en Facebook CEU IAM en Instagram CEU IAM en Twitter
x
x
x
x