There are a number of people who do not invest their money in buying a property. They prefer renting a home as it is much cheaper than buying one. While renting a home one does not have to pay for the short term lease and mortgage payments. For home owners there are additional expenses in the form of repair costs and a number of others. For those who are new to renting a home, there are a number of factors which they need to have in mind before doing so. These are very important in renting a house on the best possible price in the best areas.
There should always be a rental agreement which one should sign with the landlord. This agreement will have a list of rules and other clauses which one is expected to follow. It includes information like when the rent has to be paid and how much deposit needs to be paid. It will also have rules for maintenance of the property. Most rental agreement are for a period of one year and that means that the person signing the agreement will stay in the specified property for a period of one year and pay rent accordingly.