Tips for New Property Owner: Rent out your Property Safely!
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Not all properties can be offered for rent! If the property has been mortgaged to the bank, in principle, the mortgagee’s consent must be obtained before the property can be offered for lease. Many banks also have mortgage or rent restrictions on non-self-used properties.
There have been fraudsters who pretended to be the landlord and who “disappeared” after receiving the tenant’s deposit. To avoid falling into this trap, first-time tenants should conduct a property search before signing a lease to confirm that the unit’s lessor is the “genuine landlord” and whether the ownership of the flat is complete.
While the threshold to rent a flat is low, the tenant still has to do diligent and meticulous homework. “Six Smart Tips” that a Tenant Must Know!