Check the Apartment’s Condition
When a tenant informs you that he will not be renewing his lease, he must allow visits from potential tenants. However, it may be best to start by checking that the apartment is in good condition. This will give you the opportunity to ensure that you provide decent housing to the future tenant, while protecting the rental investment.
This might be a good time to do some renovations to the apartment before renting it out and arranging viewings. This will allow you to increase the price of the rent.
In any case, it is important to check that the apartment meets building standards.
Set the Price of the Rent
Be sure to research the market and consider similar units, location, amenities, and other factors that could affect the cost of rent.
You want to set a fair rental price that will attract quality tenants while generating profitable rental income.
To rent your vacant apartments, you must advertise them. You will need photos and an attractive description of the apartment.
As for the photos, make sure they are of good quality. This will have an impact on the perception of potential tenants. Beautiful photos will attract more visitors. This will make it less difficult for you to rent the apartment.
With a convincing description and beautiful photos, you will be able to promote the apartment on different platforms. Social networks are also good promotional tools!
You are now at the visit stage! Potential tenants will want to see what the apartment looks like. If a tenant is still living there at this time, you will need to inform them of the scheduled viewing dates. They will then be able to do a minimum of cleaning before.
Obviously, it is important to carefully select the future tenant who will settle in the apartment. For this, you can check their background, their credit report, and the references from previous owners.
You will have a better idea of the type of tenant they are. You will be able to see if they are compatible with the proposed living environment.
Choosing the ideal tenant could save you a lot of trouble with rent payments, housing maintenance and the relationship between tenants.
The Rental Lease
The lease is a rental agreement between the tenant and the owner of the rental property. The form available on the Tribunal administratif du logement (TAL) website is mandatory. It includes building regulations.