Rent a House in South Africa
As interest rates once again stabilise, interest in renting is once again on the rise. With the high prices and complications involved in buying a house, many people are putting off this investment until much later in life and are choosing instead to rent for a prolonged period of time.
Tips for Renting a House
Assuming that you have found the right place in terms of security, demographics, proximity to amenities and so forth, there are still some quick tips and guidelines that every potential renter should be aware of and follow before they sign any rental agreement.
- Renters should only look at properties that require a maximum rental of one third of their net income.
- Potential tenants should enquire about how the payment of water and electricity is conducted. If it is not included in the rent of a house, this could significantly affect your ability to afford that particular property.
- Insist on your own copy of the lease agreement and make sure that you understand its contents.
- Before signing any agreement to rent a house, tenants should walk through the property with the landlord, noting any defects that could later affect the return of your damages deposit. Also discuss what is required of you in terms of maintenance.
- Each renter should make sure they are clear on the issues of parking, moving times, the length of notice required should they leave and levy fees.
Renting a house around South Africa
Often renting a house is an entirely different experience depending on where you are in South Africa. Potential renters need to keep in mind that in some areas, rentals increase over certain times as the tourist season approaches. Towns like East London and Port Elizabeth and the trendier suburbs of Cape Town come alive during the summer with holiday makers, making many houses reserved for holiday rentals and require increased monthly rent over this high season.
The rent of a house is also affected depending on the perceived status of the suburb and city and its proximity to amenities. For instance, property for rent in Johannesburg, Pretoria, Cape Town and Durban will command a higher price as these cities are the epicentres of South African business. Property in suburbs such as Sandton will also have higher rentals as is perceived to be an upmarket and sought-after suburb. Potential renters should also be aware of the phenomena of student rentals. In towns like Stellenbosch that have a huge student population, rentals are often cheaper but much harder to come by, and are often not as well maintained as other houses to rent.
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