One of the main concerns owners have when renting out an apartment is getting it back in significantly worse condition.
It is impossible to remove all risks completely, but they can be reduced significantly already before the keys are handed over to the tenant.
1. Record the condition of the apartment
When handing over the apartment, it is important to prepare an act that records the condition of the rooms, furniture and appliances, meter readings and the number of keys handed over.
It is also worth taking photos of the apartment. This helps compare the condition of the property before and after the tenant’s stay when the rental period ends.
2. Arrange the deposit and agreement correctly
The deposit is additional protection for the owner in case claims arise under the rental agreement.
The amount and conditions of the deposit should be set out in the agreement in advance. Under the law, when renting residential premises, the deposit may be up to three months’ rent.
But the deposit itself does not replace a properly prepared agreement, where the parties’ obligations, apartment use conditions and liability for damage are clearly defined.
3. The most important step is choosing the right tenant
Documents and a deposit help protect the owner if a problem has already occurred. But it is even more important to reduce the probability of the problem itself.
At Vendor Kinnisvara, we first screen and check potential tenants and only then present suitable candidates to the owner.
It is the combination of a checked tenant, an up-to-date agreement and a properly documented apartment handover that helps significantly reduce risks when renting out property.
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Helps owners rent out apartments in Tallinn and Harjumaa: from preparing the property and selecting candidates to the agreement and handover.
