Commercial & Residential Properties in BC & Alberta

Rent a home, flat rentals, real estate, Yarmoloy Group, and property rentals

How to rent a home? What steps or legal requirements must I comply with? These are some of the most frequently asked questions by people when renting an apartment or a house.
In this post, Yarmoloy Group rental and investment properties experts will try to give some simple guidelines to follow whenever you are going to rent a home, which will help you to successfully overcome the rental of a home. You’ll see how you get it!
We understand that renting a home should be something basic for any citizen, the problem is that sometimes we get lost in so much paperwork and we end up making a mountain when in reality it is a very simple process. Just stay a few minutes with me and you will see.
Let us begin!

How To Rent A Home?

To make this guide more enjoyable, I have thought of meeting the requirements to rent an apartment or a house for use as a home, in 9 simple steps. In this way, you can follow the list and cross out the steps as you complete them.

Here are the 9 steps to rent a home:

1. Find Out About The Characteristics Of The Property.

Many people underestimate this first step, and then trouble comes. Think that whether you are a landlord or tenant of the property, you should bear in mind that the rental property will be the place where the tenant will spend most of their time in the coming months or years. It is very normal and advisable to ask for all the information about the home because if there is not total transparency and there is some information that is hidden or ignored, this can erode the trust between the parties and could become a trigger for that the contract was not signed or even if it were signed, the lease would be less durable than the parties would have wished.
So now you know, do not ignore this step and ask for all the information about the property such as square meters, the supplies it includes (water, electricity, etc.), the rental conditions (price, services included in the property, payment method, etc.), the energy rating of the property (later in point 3 we explain what it is and how to get one).

2. Thoroughly Examine The Property Before Signing The Rental Agreement.

In addition to gathering all the information about the property as we explained in the previous point, there are things that can only be seen and felt. For this reason, it is important that you arrange one or more visits to the property to check its state of conservation and habitability. Keep in mind that once you sign the lease it will become where you will live so take the time to open each closet, window, door, hatch, etc. of the house to know each and every one of the corners.

3. Ask For The Property’s Energy Efficiency Certificate.

The energy certificate is a document that informs about the degree of energy efficiency of a certain property. The rating of the property is shown on a label that has a scale that goes from A, being the most energy-efficient, to G, the least efficient.
Anyone who wants to rent a home and that has an area greater than 50 square meters, with exceptions, before even offering the property for rent must have an energy efficiency certificate duly registered in the autonomous community where the property in question is located. Likewise, the energy efficiency label must be shown in the rental offer, and a copy of the certificate must be delivered to the tenant before signing the housing rental contract.
The certificates have a maximum validity period of 10 years.
Not having the certificate can result in a fine to the owners of between € 300 to € 6,000 depending on the severity.

4. Before Renting A Home, Find Out The Legal Status Of The Property.

For this, you must request a simple note of the property to the property registry. This document includes a description of the property, who or who are its owners, and the charges of the property.
You can get a simple note at this link.
Check that the information in the simple note matches the information provided by the landlord, or otherwise ask for explanations.

5. Customize A Rental Housing Contract Online.

You don’t need to be an expert to create a custom rental contract today. No way! Spending hours and hours studying urban leasing law and looking for models of housing rental contracts and then having to adapt them is a thing of the past. Now, thanks to technology, customizing a custom rental agreement will only take a few minutes.

6. Deposit Of The Mandatory Deposit Of 1 Month’s Rent.

Each autonomous community has its own regulations in this regard, which indicates before what body, term, and way of proceeding for the deposit of the legal guarantee of the contract.
Find out this information from the autonomous community where the property is located. Sometimes it is as simple as googling the name of the autonomous community and the word “security deposit” and the website of the autonomous community in question will appear where the procedure to be carried out is reported.

7. Pay The Tax On Patrimonial Transmissions (ITP).

The formalization of a housing rental contract entails the obligation to pay the Property Transfer Tax in the autonomous community where the property is located. Go to the tax collection office of the relevant autonomous community, or find out on the official website, about how to pay the tax before the payment deadline (30 days from the signing of the contract), to avoid surcharges.

8. Optionally, You Can Register The Rental Housing Contract In The Property Registry.

It is a procedure that is not mandatory but that provides some advantage for both the tenant and the owner. Although it must be taken into account that doing this procedure involves a series of notary fees, taxes, and registration fees.
Advantages for the tenant: you get greater protection of your tenant’s situation since in the event that the property is sold, the buyer is obliged to respect the rent.
Advantages for the landlord: it allows you to benefit from a more simplified procedure to evict a tenant who does not pay rent.

9. Hold An Annual Meeting With The Owner.

Before the end of one year of the housing rental contract, it is advisable to hold a meeting between the tenant and the owner to discuss any incident that may have arisen during the lease and to jointly review the adjustment that must be made to the rent according to the IPC, in case this update had been agreed.


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