Wednesday, November 13, 2013

Compulsory expenses you need to pay when renting an apartment


When it comes to renting an apartment, the terms and conditions will depend on the arrangements made between the landlord and the tenant, and they usually differ in each contract. Still, there are some expenses and services that should be paid by the landlord OR the tenant.

Some examples of the expenses that are usually in charge of the tenant that rents the apartment are the light expenses, the gas bill, the telephone bill, etc. In some cases, some of these services are included in the maintenance fees charged monthly in the building. In those cases, the tenant usually pays the common maintenance fees in order to cover these expenses. Nevertheless, the maintenance fees is something that needs to be discussed before signing a lease contract, since the ordinary maintenance fees are usually paid each month by the tenant, and the extraordinary maintenance fees are usually paid by the landlord; still, this needs to be cleared beforehand, since problems usually arise over the matter. For example, if something breaks because the tenant misused it, who should pay it?

So, generally speaking, the monthly bills like telephone, gas, electricity, etc are usually paid by the tenant, but other expenses like the tax on Real Estate, etc are usually paid by the ladlord. Still, as we have mentioned at the beginning, the terms and conditions over expenses and its payment should be arranged between the landlord and the tenant before singing the lease contract… this way, future problems could be avoided.