What You Should Know About A Condo Before Renting

laurar June 1, 2012 WilliamPaid Personal No Comments

We are in week three after the move and we’ve made a full recovery. Everything is unpacked and in its place. Our first online rent payment is currently being processed by WilliamPaid. It’s nice not to have to worry about my rent being paid on time. We love our new place and the more urban atmosphere of the neighborhood – fun shops, restaurants and great people watching.

As we’ve settled in, we’ve met the other five neighbors in our six-flat. Three are six owner occupied units and three rentals. We’ve also have begun to notice some typical problems that go along with living in an older building. While we are happy here, I wish we had asked the questions below as it’s different living in a smaller vintage building vs. a large high-rise condo building.

From personal experience, there are some important questions to ask before renting a condo, particularly in an older or vintage apartment building.

1) What is the percentage of owners vs. renters?
2) Ask specifics about the condition of the building and what repairs, if any are scheduled. If anyone in the owners’ association isn’t getting along, or there isn’t enough money in reserve, you may find yourself living in a building that could be in disrepair with no one in agreement as to how to address the issues.

This includes:
· Roof – Any leaking issues?
· Heating System(s) – type and have they been maintained regularly?
· Basement – Seepage or flooding?
· Security – Latching lock on all doors? Is there an alarm?
· Windows – Any that are broken or leaking badly?
- Apartment Appliances – Refrigerator, stove, disposal, bathrooms – are they all in working order? You’ll want those fixed before move in if at all possible.

3) Who do you call if something breaks? The owner, or is there a maintenance person the building has hired?

Next time I’ll fill you in on moving companies!

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About The Author

Hello Renters! Besides being a big fan of WilliamPaid, I also get to work here which is fun and exciting. Unlike the other previous WP bloggers, I am, I have to admit a bit older but very wise and experienced in renting apartments as a tenant and even have dabbled my toes in being a landlord at one time. Believe me, once you are a landlord, as a tenant, you really understand how much work it is to be a landlord! So, I'm ready to start sharing with you all the trials,and tribulations that comes with renting an apartment or house not only from the tenant side but from the landlord side as well. Weekly, I'll be sharing tips, ideas, and even some personal stories that I know you'll all be able to relate to.. I also want to hear from you! Any question, concern, even your funniest roommate story. Bring it on! Renee Rental