There are many people who don't invest their money in buying a home. Instead, they prefer renting a home as it cheaper than buying a home. When you rent a home you don't have to pay for short-term lease and mortgage payments. When you own a home you also incur expenses on repair to the home and the appliances.
When you rent a home you must sign a rental agreement with the landlord. This agreement will have rules that you need to follow including when rent has to be paid and the deposit that you need to make. The rental agreement will also have rules for maintenance of the property.
Most rental agreements are usually for a period of one year. This means that a person who has agreed to sign the contract will remain in the rented home for a period of one year and pay the agreed rent for the specified duration. At times, this agreement could be for a shorter duration. Once the agreement period is over, the renter has to move to a new home if a new agreement is not signed between the landlord and the renter.
Usually most rental agreement does not require the renter to make repairs to the appliances or the home and they are not expected to pay for it. If the appliances like dishwasher is broken or requires repair, the land lord must repair it unless it is mentioned otherwise in the agreement. However, this could be a problem as the appliances may not be repaired as soon as one might want them to. At times, renters may have to wait for days or even weeks to repair appliances that are broken.
Abhishek has been writing articles online for nearly 2 years now. Not only does Abhishek specialize in writing articles on finance and credit but you can also check his website on Dracaena and Helicopter Flash Games.
Article Source: http://EzineArticles.com/?expert=Abhishek_Choudhari
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