TUIK Property Sales Statistics October 2022 statistics

The process of renting a house is a process that should be followed carefully by both the landlord and the tenant. Let’s examine what you need to pay attention to when renting your house.

The process of renting a house is critical for both the landlord and the tenant and should be followed carefully. Due to today’s current economic conditions, house prices are constantly fluctuating, so renting a house rather than buying one seems a safer and risk-free option to many people.

There are essential things to think about when you talk to a possible tenant who is interested in your home and decides to make a deal. If you pay attention to some important details during the contract, you can avoid many problems that could come up later.

The main items you should pay attention to when renting the house are as follows:

Have Information about Your Tenants

Problems with tenants can happen when they move out and sometimes while they are still living there. When you want to rent your house, you need to know who you are dealing with and what kind of person you will have to contact during the contract.

Knowing the tenant does not mean being involved in your tenant’s life; it only means knowing about the people you deal with. One of your most natural rights is to ask for personal information about a contracted person. The age of your tenant, his occupation, whether the tenant has a pet or not, and whether he is married or single (to find out whether to stay in the house as a family or as an individual) are among the questions you can ask in the process of renting the house.

The most critical question asked to be sure that the rent will be paid on a certain date or date range each month is your tenant’s occupation. Some landlords prioritize people who work for the government, so they don’t have any trouble paying rent.

If your tenant is a current student, a guarantor must also be in the contract. In this case, you can ask the guarantor questions to find out what they do for a living, how old they are, and how they know your tenant.

Make a Regional Analysis

It is crucial to determine a suitable rental price for the house you have announced for rent. When deciding how much to charge for renting the house, it will help to look at and compare the rental prices in the area where the house is located. A home that doesn’t match the fair price of other residences can sit idle for too long.

To examine the prices of 1+1, 2+1, and 3+1 houses in the region where the residence is located, their sales prices and their different/similar aspects, how the rental price changes according to the proximity to the central locations, and to reach a price decision in line with this information to rent the house. It will help you achieve the most accurate result.

Many different criteria come into play when performing regional analysis. The level of closeness to central locations and public transportation are also key factors.

• Proximity to various means of transportation (metro, bus stop, Metrobus, tram, etc.)
• Location by hospital and school
• Proximity to the shopping center
• Distance to the city center

All aspects of the area, like the types of buildings in the region, become essential parts of the analysis. 

Please get in touch with Estates Istanbul. Our experienced team will use different platforms with modern tools to help you analyze regional data and determine the best rental price for your property.

Subscription Transfers

It is critical to agree on transferring the bill for various uses of the house, such as water, electricity, internet, and natural gas, on behalf of the tenant while making the lease agreement to prevent future problems.

If the subscription continues with the landlord, it will be the landlord, not the tenant, who will be held liable when the bills are not paid. The most reliable solution is to transfer the subscriptions to the tenant from the moment they begin living at home to avoid dealing with various problems and legal processes,

The person you want to rent the house is obliged to take on all of these subscriptions within the framework of legal laws. If a tenant insists on not taking the subscription, you should remember that the law is on your side.

Pay Attention to the Rental Agreement

Another thing you should pay attention to in renting the house is to arrange the rental contract in a detailed and planned manner and go over every item in the contract.

In the contract;

• How and where to pay the rent each month
• Rental payment date or date range
• What will happen if the rent is paid late?
• If the tenant wishes to remain at the end of the contract, the rent increase rate is to be applied for the next year
• List of all fixtures delivered in the house
• If there is a guarantor, if there is no contact information of the relatives of the tenant
• Important matters, such as the lease agreement’s termination terms, must be present.

Deposit Fee and Deposit Delivery Conditions

One of the most common problems between a landlord and a tenant when the house is returned to the landlord is how the deposit and keys are handled. To avoid problems, you should put the amount of the deposit fee in the rental agreement and list, item by item, the circumstances under which the deposit will be reduced.

Deductions on the deposit refund may be made to cover any damage to your home.

Specify under what circumstances these deductions will occur and include written and visual explanations of the house you delivered to the tenant.

You can get ahead of any problems that come up in this area by taking steps like adding the deposit clause to the contract.

Clean Your Home Before Renting Out Ads.

Once you have decided that you want to rent the house, the first step you should take is to undergo a comprehensive maintenance process. The first feature that attracts users’ attention to a housing advertisement placed on any real estate site is its image. That’s why having clean, hassle-free, and well-lit home photos will make your home posting more visible.

Regarding home maintenance, two types of care come to mind: cleaning and repair. When you want to rent the house, it will be beneficial for you to go through a thorough cleaning process before opening it to the people who will visit the house with the idea of renting it. Clean areas such as parquet floors, walls, door handles, and bathroom utensils that are not covered in dust, stains, or traces help to prevent the formation of a negative image by preventing a decrease in interest in the house.

Simultaneously, paying attention to the house’s repair and carrying out the necessary procedures in this area is another critical point in renting the house. A house with dismantled parquet floors, sink and drain problems, broken door handles, peeling paint walls, heating problems, and other problems that will cause big issues for renters is not an attractive term of renting.

Regardless of what could go wrong with the house, you should do the necessary maintenance and repairs, give the house to the tenant clean and problem-free, and make sure you get it back the same way.

Get Professional Counseling

In order to be able to prepare a complete lease agreement and to eliminate the problems that may arise in the future completely, it provides great advantages to prepare the rental agreement with the help of an expert in the field, not by yourself.

You can use Estates Istanbul’s services to get a detailed regional analysis and determine the value of your property, as well as A-Z management of your rental income. When you rent a house, ensure everything in the rental agreement is there, and sign a secure contract.