Types of rent
Long Term Rentals: Long term rentals which are 12 months. The rules for this type of rent depend on the building and the landlord.
Sublease: If the tenant wants to terminate the contract during the term of the contract, he must find another tenant and introduce the replacement person to the landlord so that the replacement person can rent the house for the remaining period.
Sublet: Subletting is called a short-term rental, for example, if a tenant does not want to live in their house for a short period of time and does not intend to pay rent for the vacant unit, he can rent his house to a third party for a short period of time with the landlord’s approval.
Condos and apartments differ in the following ways:
An apartment is a unit in a rental property owned by an individual or corporation, while a condo is an individually owned unit in a condominium. Condominiums are often managed by the person who bought them, a property manager or a company like Agrasoy Realty that the owner hires.
Definitions in the rental process:
credit score: The public record of your credit score is accessible through your bank or a website that your landlord or property manager may provide. It will include a summary of your credit and debit management for all of your bills (telephone bills, leases, loans, credit cards, etc.)
A co-signer: often called a guarantor, is someone you choose (usually a parent or guardian) who guarantees that your rent will be paid even if you are unable to. They will also share responsibility for your debts. (Guarantors and co-signers are usually requested if a potential tenant is unemployed or has a low credit score.)
Lease: A lease is a written agreement between a tenant and a landlord or property manager that outlines your obligations and rights with respect to the leased property.
Tenant: Lessor
Lessor: Owner or manager of real estate.
Prorated: if you move in in the middle of the month or towards the end of the month, you will have to pay part of the monthly rent.
Normal wear and tear: The term “normal wear and tear” can be found in the lease or building regulations that you will obtain BEFORE signing the lease. This means that wear and tear includes activities such as painting, carpet or floor cleaning, hanging objects from walls, scratching offered furniture, etc. Any additional damage could be your responsibility to pay at the end of the lease.
Walk Score: The Walk Score indicates how accessible rental accommodation is to amenities such as supermarkets, hospitals, schools, pharmacies, restaurants, pubs and universities. Better results come from higher scores!
Bike Score: The Bike Score will give you an indication of how easily you can cycle around the rental property. Again, the better the score, the higher it is!
Transit Score: The Transit Score provides information about the ease of locating public transport in your area. The higher the score, the better – you guessed it!
Things you need to consider when looking for rent:
The Neighbourhood
You must take this into account because it will be your home for at least a year. Consider Downtown, Old Port, Mile-End, Le Plateau-Mont-Royal and Sud-Ouest for a bustling lifestyle. You should choose Westmount, Cote des Neiges, NDG, Outremont, etc. if you want a peaceful lifestyle.
Budget
It is crucial to establish your budget taking into account any other elements that would also incur costs.
Budget also refers to how much you are willing to spend. Since most apartments don’t include utilities, you need to consider the highest rent you’re willing to spend to determine which apartment is best for you.
Car park
If you have a car, most buildings will include indoor parking spaces or bike racks; these will cost money
extra, often between $100 and $350, depending on the neighborhood you choose.
Pets allowed?
Yes, there are several buildings that do not allow pets, some that do but with restrictions, and some that are completely pet-friendly.
Transit
If you do not have a vehicle, you will need public transport. It is imperative that you review the shipping rating of the address where you will be residing. The more public transport is available, the higher the score will be.
When do you want to move in?
The peak period for demand for property managers in Montreal is a month or more. The search for apartments is most active between April and October. When it comes to moving, July 1st is by far the busiest month, so if you’re planning on moving then, you need to be prepared
