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Rental Information
What is involved in Renting a Property?
Renting a property involves an agreement where some form of payment is made in exchange for the use of a property. The property owner is often referred to as the lessor while the party using the property in exchange for payment tends to be referred to as the lessee or renter. Renting generally involves a written agreement/contract that outlines the terms of the rental.
Tips on renting
Click here for a "How to Renters Guide"
Why Should you Rent?
There are many possible reasons for renting instead of buying, for example:
- In many places rent used in a business is tax deductible, whereas rent on a dwelling does not tend to be tax deductable.
- Financial inadequacy - for example: renting because you can not afford to buy
- Reducing/Avoiding financial risk due to depreciation and various other costs
- Needing a cheaper alternative to buying, such as renting a movie: a person is unwilling to pay the full price for a movie, so they rent it for a lesser price, but give up the chance to view it again later.
- When the renter does not want to worry about property upkeep
- There is no need to worry about lifespan and maintenance.
How do you get Started?
If you are interested in renting a home or if you have a home you would like to rent out, be sure to Contact Link and Link Real Estate. We will answer any questions you have and analyze your finances and need to find the appropriate balance. We hope to hear from you in the near future.