Monday, December 16, 2013

Precautions for leasing bed space

Leasing bed space is a popular practice in Metro Manila, especially in areas near business districts and schools. It’s a good way to earn extra cash, by making use of existing space in your home. However, keep in mind that in doing so, you’re still letting a stranger into your personal space. Consider these safety precautions before you commit to a bed space renter. 

Discuss whether your tenant can be allowed into your home or if you prefer to limit them to just the living room or only during the day.

Background check

Interview your tenant before you agree to a lease. Assess the person’s character and personality. Know his complete name, where he works or studies and how he can be contacted during the day. It wouldn’t hurt to run a quick background check on him through the internet too. In this modern day and age, it’s easy to search for people on social networking sites. Finding out that he gave you the correct details is a good sign. Ask for an NBI clearance to see if he has any criminal records and a medical certificate to ensure that he has no contagious diseases. 

Clear agreement

Make a clear written agreement for both of you to sign. This agreement should cover the rental fee, duration of the contract, security deposits, damage fines, as well as other eventualities such as breach of contract. Ironing out these details ahead of time is a good prevention measure for problems that may arise. 

Ground rules

Set some ground rules for your tenant’s visitors. Discuss whether they can be allowed into your home or if you prefer to limit them to just the living room or only during the day. You may also want to talk about privacy with your renter. Let him know the areas in the home where he should steer clear of. Similarly, consider your tenant’s privacy and avoid going to his room unannounced. Discuss curfew hours, if any. This might be more applicable to student renters. But this is an important point to discuss, just to avoid waking up at all hours of the night to open the gate.  

Security

As an added precaution, don’t leave your valuables unattended. You may also want to lock your own bedroom door when you’re not at home. If the room you’re renting out is at the side or back of your house with its own entryway access, consider locking the room’s door to the main house. This will limit your tenant’s access to just his own room and create more privacy for both of you. - Aislinn Kee


Previous Next

Share
Email

Top Articles

Small spaces: Decor t...
Need a little more leg space in your living room? Use scaled-down sofas, arrang...
Home decor: Tips to c...
Even if you’re on a tight budget, it’s possible to completely transform a room ...
Buying Lots in Valenz...
Our partner is buying several properties in areas in Valenzuela, Quezon City, B...
Tips for designing th...
With imagination and clever design, you can encourage your family to spend more...
Buying Lots in QC, Va...
Our partner is buying several properties in Quezon City, as well as the cities ...
More property news...