When looking for a furnished apartment, there are a few things to consider before you sign the lease. Make sure it includes the furniture and decorations essential to every room. The living room is the most important room to furnish with essential furniture. A TV, WiFi router, and a sofa are all necessities in a living room. There are a few other things to consider as well. You should also consider the short-term lease contract.
Less space
The trend toward decluttering is spreading across the country. Fewer items and multifunctional components make it easier to use less space in a furnished apartment. Others choose to live in smaller spaces to lower rent costs or simplify their lifestyle. Property managers aren’t jumping on the micro-housing train just yet, but this trend is growing across the nation. Given the limited geographic space and rapidly growing population of large urban centers, property managers may not be jumping on the micro-housing bandwagon anytime soon.
Higher rent
Typically, furnished apartments cost more to rent than unfurnished units. This is because a furnished unit requires additional effort on the part of the tenant. Renting a furnished unit also means starting from scratch when furnishing the apartment in the future. That means throwing out your favorite furniture items, which adds to the monthly expenses. Considering the additional effort it takes to move furniture from one room to another, a furnished apartment may not be the best option for you.
In addition to the higher rent, furnished apartments require a larger security deposit. That’s because landlords often need to furnish the unit. In addition to this, they can also request a security deposit of two months’ rent, which protects the landlord’s investment. However, this additional expense is not worth it for a first-time renter, because he or she can furnish the apartment themselves for a lower price.
Repair and replacement costs
In most cases, repair and replacement costs for furnished apartments are covered by the landlord. However, you may have to pay for repairs if the furniture is not in good condition. If the furniture is in good condition, it may be worth waiting for a replacement. In such cases, you should recommend repairs and upgrades to the tenant and make them after the renter moves out. When you charge for your rental, include the repair and replacement costs in the amount.
Generally, fully furnished apartments will include a standard furniture pack, including white and brown goods. These apartments will include most items that you need, but you should still have some of your own. These items are typically referred to as turnkey apartments. If they do not, you should consider buying them yourself. Make sure you read your tenancy contract to ensure they cover these costs. Repair and replacement costs for furnished apartments can range from hundreds of pounds to thousands of pounds.
Short-term lease agreement
A short-term lease is a contract between a tenant and a landlord for a short period of time. This type of agreement is similar to a long-term lease, but differs in several important ways. These agreements usually renew month-to-month, giving the tenant some flexibility to move or terminate the agreement. Although a short-term lease is a good choice for those who need a place fast, landlords can often waive penalties if the tenant leaves the property prematurely.
During the lease period, the Landlord and Tenant must sign a written document specifying the maximum number of pets and the weight of each. A signed document should also spell out what services and utilities will be provided and whether there will be a security deposit for pets. Some agreements also require tenants to pay a security deposit to protect the landlord against potential liens, but this is rarely the case. A properly drafted short-term lease agreement will ensure that the tenant and landlord both receive their money in full.
