Real Estates & Rentals.

Now Renting flag - Now Renting
Australia
January 28, 2007 10:13pm CST
Well today we (husband & I) had to re sign our rental agreement for another 12 months, we have been in the same house now for 4 years, and the Agents will not allow us to sign a long term agreement. They like the 12 month leases as they can up the rent every year. I pre rang to let them know we were heading up within the half hour so they could have the paperwork ready. After confirming why we were there, we then had a mountain of paperwork to go through. (So much for the pre ringing them). Most of it was straight forward, but some you wonder why… as I said we have been there for 4 years, all they wanted was to up the rent another $10 week, & up the bond money as well. Then we had to sign a pet agreement not to let the cat inside. Water rates, if we use too much water we have to pay for it, & other things, I can’t even remember at the moment. I would love to own my own home one day, but budget says otherwise. Would you blame the real estate agents or the owners for half these things? I know the owners just want to protect their investments. But where & who is getting the benefit. What is the silliest thing you have had or heard of a real estate agent expecting a renter to abide by when renting a place?
2 people like this
3 responses
@wmg2006 (5386)
• United States
4 Feb 07
I am a renter and I also rent out property. Now from a renters point of view I can not understand why they wouldn't want a long term lease with a good solid paying tenant. I know I would. I have been renting for 4 years also, I do not even have a lease agreement. I have never had the rent raised either and there are really no limitations on what I can do and what I can not do. I guess I am lucky. The house is next door to my Mother and my growing up as a kid house. The landlord lives 2 houses down. So, maybe that is why, he can see what I am doing if he wants to know. As a person who rents property I would want to do a long term lease with a stipulation that the rent can increase. That way I do not lose money looking for a tenant if this one moved out at the end of 12 months. I am renting a home out now to a tenant with a 20 year lease and if they do not break the lease they can own the home at the end of 20 years. It is a good deal for me and for them, so why don't others consider this too?
2 people like this
@14missy (3185)
• Australia
5 Feb 07
Wow, the own after 20 years is a great incentive. It would be nice to see more owners like you....
1 person likes this
• Australia
5 Feb 07
Will you be my landlord??? lol... To be able to pay rent, knowing that the house will be mine in 20 years... That would be great, I wish more set up like that would happen. Not having to deal with Banks, ect. I am truly jellous... lol
@jwin2003 (242)
• United States
29 Jan 07
this happens at most places. as a home gets older it cost more to mantain so their covering there cost or future cost. you said budget now allowing. you should look at some repo homes . you can usually get a loan for those lower then you would pay for rent.
1 person likes this
• Australia
29 Jan 07
Thanks for responding, No bank will give us a loan till we have paid off some other expences. (we have just consoladated credit cards & car loans), We are looking at a 2 year plan. But plans can change as well.
@14missy (3185)
• Australia
4 Feb 07
I can understand why they increase the rent each year, considering the interest rate setc but it hurts when you have to pay it. Good luck on your two year plan though. Renting ultimately seems like a waste of money but sometimes its the only option.